SVB Financial Group (NASDAQ:SIVB) – Investment analysts at DA Davidson issued their FY2019 EPS estimates for SVB Financial Group in a research report issued to clients and investors on Friday. DA Davidson analyst G. Tenner anticipates that the bank will earn $15.81 per share for the year.
A number of other equities research analysts also recently issued reports on SIVB. ValuEngine downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and set a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Maxim Group reiterated a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Finally, Barclays set a $217.00 price objective on shares of SVB Financial Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $234.77.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The business had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. During the same quarter last year, the company posted $1.89 earnings per share.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. raised its holdings in SVB Financial Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after buying an additional 122 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in SVB Financial Group by 3.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock valued at $1,316,000 after buying an additional 232 shares during the last quarter. First Manhattan Co. raised its holdings in SVB Financial Group by 10.3% in the 4th quarter. First Manhattan Co. now owns 2,675 shares of the bank’s stock valued at $625,000 after buying an additional 250 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in SVB Financial Group by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,709 shares of the bank’s stock valued at $2,761,000 after buying an additional 289 shares during the last quarter. Finally, Aureus Asset Management LLC raised its holdings in SVB Financial Group by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock valued at $14,664,000 after buying an additional 300 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Gregory W. Becker sold 9,511 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total value of $2,213,019.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $226.01, for a total transaction of $452,020.00. The disclosure for this sale can be found here. Insiders sold 20,291 shares of company stock valued at $4,558,918 in the last three months. Company insiders own 0.73% of the company’s stock.
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About SVB Financial Group
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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