SVB Financial Group (SIVB) Receives Outperform Rating from Keefe, Bruyette & Woods
SVB Financial Group (NASDAQ:SIVB)‘s stock had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.
SIVB has been the topic of several other reports. Royal Bank Of Canada reissued a “buy” rating on shares of SVB Financial Group in a report on Thursday, June 23rd. Barclays PLC boosted their target price on SVB Financial Group from $117.00 to $127.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. reissued a “buy” rating on shares of SVB Financial Group in a report on Saturday, July 9th. Zacks Investment Research downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Finally, DA Davidson downgraded SVB Financial Group from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.54.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.26% during midday trading on Wednesday, reaching $118.95. The company had a trading volume of 195,012 shares. The stock has a market capitalization of $6.19 billion, a PE ratio of 18.16 and a beta of 1.63. SVB Financial Group has a 1-year low of $77.87 and a 1-year high of $141.75. The company’s 50-day moving average is $109.83 and its 200-day moving average is $103.83.
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SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 21st. The company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.08. SVB Financial Group had a return on equity of 9.90% and a net margin of 22.00%. On average, equities research analysts forecast that SVB Financial Group will post $6.81 EPS for the current year.
In other news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $106.38, for a total value of $212,760.00. Following the completion of the transaction, the director now owns 11,897 shares of the company’s stock, valued at $1,265,602.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bruce Wallace sold 2,300 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $103.25, for a total value of $237,475.00. Following the completion of the transaction, the insider now directly owns 13,177 shares of the company’s stock, valued at approximately $1,360,525.25. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in SVB Financial Group by 24.3% in the third quarter. Creative Planning now owns 6,732 shares of the company’s stock worth $744,000 after buying an additional 1,318 shares during the period. Oregon Public Employees Retirement Fund raised its position in SVB Financial Group by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,871 shares of the company’s stock worth $1,975,000 after buying an additional 357 shares during the period. Harding Loevner LP raised its position in SVB Financial Group by 0.3% in the third quarter. Harding Loevner LP now owns 2,891,241 shares of the company’s stock worth $319,598,000 after buying an additional 7,558 shares during the period. Advisory Services Network LLC raised its position in SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock worth $157,000 after buying an additional 874 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its position in SVB Financial Group by 3.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,265 shares of the company’s stock worth $250,000 after buying an additional 80 shares during the period. 92.23% of the stock is owned by hedge funds and other institutional investors.
SVB Financial Group Company Profile
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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