Shares of SVB Financial Group (NASDAQ:SIVB) have been assigned an average rating of “Buy” from the fifteen analysts that are presently covering the stock. Three research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $185.13.

Several research analysts have recently commented on SIVB shares. JMP Securities lifted their target price on SVB Financial Group from $195.00 to $200.00 in a research report on Friday, January 27th. Keefe, Bruyette & Woods set a $191.00 target price on SVB Financial Group and gave the stock a “buy” rating in a research report on Monday, April 3rd. Stephens reiterated a “buy” rating on shares of SVB Financial Group in a research report on Thursday, April 27th. Barclays PLC lifted their target price on SVB Financial Group from $178.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, April 7th. Finally, Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research report on Wednesday, March 29th.

In other SVB Financial Group news, CFO Michael Descheneaux sold 7,000 shares of SVB Financial Group stock in a transaction on Monday, May 15th. The stock was sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the sale, the chief financial officer now owns 18,419 shares of the company’s stock, valued at approximately $3,396,095.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Wallace sold 8,790 shares of SVB Financial Group stock in a transaction on Monday, May 15th. The shares were sold at an average price of $182.58, for a total value of $1,604,878.20. Following the sale, the insider now directly owns 14,248 shares in the company, valued at approximately $2,601,399.84. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Trust Co. increased its stake in shares of SVB Financial Group by 1.6% in the first quarter. Cambridge Trust Co. now owns 110,301 shares of the bank’s stock valued at $20,526,000 after buying an additional 1,756 shares during the last quarter. Green Square Capital LLC acquired a new stake in shares of SVB Financial Group during the first quarter valued at $205,000. Janus Capital Management LLC increased its stake in shares of SVB Financial Group by 15.5% in the first quarter. Janus Capital Management LLC now owns 977,034 shares of the bank’s stock valued at $181,816,000 after buying an additional 131,207 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of SVB Financial Group by 418.4% in the first quarter. Grandeur Peak Global Advisors LLC now owns 39,400 shares of the bank’s stock valued at $7,332,000 after buying an additional 31,800 shares during the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SVB Financial Group during the first quarter valued at $1,099,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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SVB Financial Group (NASDAQ:SIVB) traded up 0.79% during midday trading on Friday, reaching $175.55. The company had a trading volume of 142,034 shares. The firm has a market capitalization of $9.22 billion, a PE ratio of 22.80 and a beta of 1.47. The firm’s 50-day moving average price is $182.32 and its 200 day moving average price is $173.45. SVB Financial Group has a 12 month low of $82.90 and a 12 month high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. SVB Financial Group had a return on equity of 10.45% and a net margin of 23.19%. The firm had revenue of $427.65 million during the quarter, compared to analyst estimates of $429.13 million. During the same quarter last year, the firm earned $1.52 EPS. SVB Financial Group’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that SVB Financial Group will post $8.67 earnings per share for the current fiscal year.

SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include 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.

5 Day Chart for NASDAQ:SIVB

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