SVB Financial Group (NASDAQ:SIVB) was downgraded by equities researchers at FIG Partners from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday.
Other research analysts have also issued research reports about the stock. Maxim Group reaffirmed a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $300.00 price target on shares of SVB Financial Group in a research note on Friday. Barclays lifted their price target on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 price target (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. SVB Financial Group currently has an average rating of “Buy” and an average target price of $230.71.
Shares of SVB Financial Group (SIVB) traded down $7.13 on Friday, reaching $254.00. 175,844 shares of the company’s stock were exchanged, compared to its average volume of 364,528. 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 $263.09. The company has a market capitalization of $13,770.00, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.74 and a beta of 1.62.
In related news, insider Christopher Edmonds-Waters sold 3,630 shares of the business’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 transaction, the insider now directly owns 5,918 shares in the company, valued at $1,241,951.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Marc C. Cadieux sold 2,260 shares of the business’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 in the company, valued at $3,503,079.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,291 shares of company stock worth $4,558,918. 0.73% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in SVB Financial Group by 525.6% during the second quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 657 shares during the last quarter. Lourd Capital LLC acquired a new position in shares of SVB Financial Group in the fourth quarter valued at $207,000. Green Square Capital LLC acquired a new position in shares of SVB Financial Group in the third quarter valued at $206,000. Wade G W & Inc. acquired a new position in shares of SVB Financial Group in the third quarter valued at $222,000. Finally, Appleton Partners Inc. MA acquired a new position in shares of SVB Financial Group in the fourth quarter valued at $281,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
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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.
