SVB Financial Group (NASDAQ:SIVB) had its price objective upped by research analysts at Barclays from $217.00 to $251.00 in a report released on Tuesday. The firm presently has an “equal weight” rating on the bank’s stock. Barclays’ target price would suggest a potential upside of 7.37% from the stock’s previous close.
Several other equities analysts have also recently issued reports on SIVB. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut 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 issued a $213.00 target price (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 issued a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. SVB Financial Group presently has a consensus rating of “Buy” and an average target price of $220.36.
SVB Financial Group (NASDAQ SIVB) traded down $3.94 on Tuesday, hitting $233.77. 243,000 shares of the company traded hands, compared to its average volume of 487,230. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $242.92. The firm has a market cap of $12,330.00, a PE ratio of 26.27, a P/E/G ratio of 2.21 and a beta of 1.62.
In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the transaction, the insider now directly owns 5,918 shares in the company, valued at $1,241,951.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total transaction of $495,708.40. Following the transaction, the insider now owns 15,971 shares of the company’s stock, valued at $3,503,079.14. The disclosure for this sale can be found here. Insiders have sold 20,291 shares of company stock valued at $4,558,918 over the last 90 days. 0.73% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new stake in shares of SVB Financial Group during the second quarter worth $109,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of SVB Financial Group during the first quarter worth $117,000. Exane Derivatives purchased a new stake in shares of SVB Financial Group during the second quarter worth $119,000. Peddock Capital Advisors LLC purchased a new stake in shares of SVB Financial Group during the second quarter worth $130,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of SVB Financial Group during the third quarter worth $133,000. 91.45% of the stock is owned by institutional investors and hedge funds.
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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.
