SVB Financial Group (SIVB) Receives Buy Rating from Jefferies Group LLC
SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $216.00 target price on the bank’s stock. Jefferies Group LLC’s price target points to a potential upside of 25.54% from the company’s current price.
A number of other equities analysts have also issued reports on the stock. Maxim Group upped their target price on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Stephens reiterated a “buy” rating and set a $205.00 target price on shares of SVB Financial Group in a research report on Friday, July 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $212.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $195.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. SVB Financial Group has a consensus rating of “Buy” and a consensus target price of $202.75.
SVB Financial Group (NASDAQ:SIVB) traded down 0.46% on Friday, hitting $172.03. 513,125 shares of the company were exchanged. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 20.91 and a beta of 1.59. SVB Financial Group has a one year low of $103.05 and a one year high of $198.83. The stock has a 50 day moving average price of $179.24 and a 200 day moving average price of $181.13.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm had revenue of $471.70 million for the quarter, compared to analyst estimates of $451.96 million. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that SVB Financial Group will post $8.98 EPS for the current fiscal year.
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In related news, insider Bruce Wallace sold 8,790 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the completion of the sale, the insider now directly owns 14,248 shares of the company’s stock, valued at $2,601,399.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Philip C. Cox sold 3,024 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at $525,001.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,314 shares of company stock valued at $4,085,570. 0.73% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of SIVB. Virtu KCG Holdings LLC increased its stake in SVB Financial Group by 121.8% in the second quarter. Virtu KCG Holdings LLC now owns 11,435 shares of the bank’s stock worth $2,010,000 after buying an additional 6,280 shares during the period. TLP Group LLC increased its stake in SVB Financial Group by 2,930.3% in the second quarter. TLP Group LLC now owns 1,000 shares of the bank’s stock worth $176,000 after buying an additional 967 shares during the period. Parametric Portfolio Associates LLC increased its stake in SVB Financial Group by 61.8% in the second quarter. Parametric Portfolio Associates LLC now owns 101,995 shares of the bank’s stock worth $17,930,000 after buying an additional 38,961 shares during the period. Advisor Group Inc. increased its stake in SVB Financial Group by 18.2% in the second quarter. Advisor Group Inc. now owns 3,050 shares of the bank’s stock worth $536,000 after buying an additional 469 shares during the period. Finally, River Oaks Capital LLC increased its stake in SVB Financial Group by 61.4% in the second quarter. River Oaks Capital LLC now owns 11,300 shares of the bank’s stock worth $1,986,000 after buying an additional 4,300 shares during the period. 95.12% of the stock is owned by institutional investors and hedge funds.
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.
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