Insider Selling: SVB Financial Group CAO Sells 1,000 Shares of Stock (SIVB)
SVB Financial Group (NASDAQ:SIVB) CAO Kamran F. Husain sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.03, for a total value of $110,030.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
SVB Financial Group (NASDAQ:SIVB) traded up 0.17% on Wednesday, hitting $110.43. The stock had a trading volume of 141,547 shares. SVB Financial Group has a 1-year low of $79.54 and a 1-year high of $135.00. The stock’s 50-day moving average is $109. and its 200-day moving average is $114.. The company has a market cap of $5.602 billion and a P/E ratio of 19.35.
SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, July 24th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.16. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, analysts predict that SVB Financial Group will post $5.49 earnings per share for the current fiscal year.
SIVB has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $124.85.
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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