SVB Financial Group (SIVB) Insider Sells $297,004.75 in Stock

SVB Financial Group (NASDAQ:SIVB) insider Philip C. Cox sold 1,175 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the sale, the insider now directly owns 4,097 shares of the company’s stock, valued at approximately $1,035,598.69. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SVB Financial Group (SIVB) traded up $2.58 during midday trading on Tuesday, hitting $238.36. The company’s stock had a trading volume of 330,908 shares, compared to its average volume of 399,551. The stock has a market cap of $12,440.00, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.64 and a beta of 1.49. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $263.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). The company had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter in the previous year, the business posted $1.89 EPS. sell-side analysts expect that SVB Financial Group will post 13.85 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in shares of SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 657 shares during the last quarter. Lourd Capital LLC purchased a new position in shares of SVB Financial Group during the 4th quarter valued at about $207,000. Welch & Forbes LLC purchased a new position in shares of SVB Financial Group during the 4th quarter valued at about $222,000. Quantitative Systematic Strategies LLC purchased a new position in shares of SVB Financial Group during the 4th quarter valued at about $226,000. Finally, Green Square Capital LLC purchased a new position in shares of SVB Financial Group during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

A number of research firms have recently weighed in on SIVB. SunTrust Banks raised their price objective on SVB Financial Group to $300.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Stephens reissued a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Jefferies Group reissued a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Barclays reissued a “hold” rating and issued a $273.00 price objective on shares of SVB Financial Group in a research report on Sunday, January 28th. Finally, FIG Partners cut SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $239.92.

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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.

Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

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