Insider Selling: SVB Financial Group Insider Unloads 2,000 Shares of Stock (SIVB)
SVB Financial Group (NASDAQ:SIVB) Insider John China unloaded 2,000 shares of SVB Financial Group stock on the open market in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $118.81, for a total transaction of $237,620.00. Following the sale, the insider now directly owns 3,623 shares in the company, valued at approximately $430,449. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.88% during mid-day trading on Friday, hitting $119.83. The stock had a trading volume of 91,071 shares. SVB Financial Group has a 52 week low of $65.45 and a 52 week high of $121.92. The stock’s 50-day moving average is $109.1 and its 200-day moving average is $96.9. The company has a market cap of $5.488 billion and a price-to-earnings ratio of 25.27.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.17. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts predict that SVB Financial Group will post $5.27 earnings per share for the current fiscal year.
A number of research firms have recently commented on SIVB. Analysts at Raymond James upgraded shares of SVB Financial Group from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday. They now have a $135.00 price target on the stock, up previously from $129.00. Separately, analysts at Jefferies Group raised their price target on shares of SVB Financial Group from $102.00 to $126.00 in a research note on Friday, January 31st. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $110.00 to $130.00 in a research note on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $107.40.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.
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