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SVB Financial Group (NASDAQ:SIVB) COO Bruce Wallace sold 2,875 shares of SVB Financial Group stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $107.95, for a total value of $310,356.25. Following the completion of the sale, the chief operating officer now directly owns 5,439 shares of the company’s stock, valued at approximately $587,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on SIVB. Analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $120.00 to $130.00 in a research note on Tuesday, July 29th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SVB Financial Group in a research note on Friday, July 25th. They now have a $140.00 price target on the stock, up previously from $135.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of SVB Financial Group in a research note on Friday, July 25th. They now have a $123.00 price target on the stock, up previously from $121.00. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.85.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.42% during mid-day trading on Wednesday, hitting $108.04. 144,441 shares of the company’s stock traded hands. SVB Financial Group has a 1-year low of $79.54 and a 1-year high of $135.00. The stock has a 50-day moving average of $109.6 and a 200-day moving average of $114.1. The company has a market cap of $5.481 billion and a price-to-earnings ratio of 18.89.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.16. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts expect that SVB Financial Group will post $5.49 EPS for the current fiscal year.

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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