Shares of SVB Financial Group (NASDAQ:SIVB) have earned an average rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $247.44.
Several brokerages have recently weighed in on SIVB. SunTrust Banks boosted their price objective on shares of SVB Financial Group to $300.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Jefferies Group reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Barclays reaffirmed a “hold” rating and issued a $273.00 target price on shares of SVB Financial Group in a report on Sunday, January 28th. Finally, FIG Partners cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $248.81 on Tuesday. The firm has a market cap of $13,120.00, a P/E ratio of 27.04, a PEG ratio of 1.63 and a beta of 1.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a 12-month low of $159.44 and a 12-month high of $263.09.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the 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 return on equity of 12.83% and a net margin of 24.25%. During the same quarter in the prior year, the firm posted $1.89 EPS. research analysts expect that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregory W. Becker sold 9,511 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total transaction of $2,213,019.48. The disclosure for this sale can be found here. Insiders sold a total of 17,186 shares of company stock worth $4,057,749 over the last three months. 0.73% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SIVB. Harding Loevner LP increased its stake in SVB Financial Group by 209.0% in the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after buying an additional 3,258,700 shares during the period. CI Investments Inc. acquired a new position in SVB Financial Group in the 3rd quarter valued at $95,902,000. Bank of New York Mellon Corp increased its stake in SVB Financial Group by 29.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock valued at $302,746,000 after buying an additional 364,303 shares during the period. JPMorgan Chase & Co. increased its stake in SVB Financial Group by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after buying an additional 354,948 shares during the period. Finally, Prudential Financial Inc. increased its stake in SVB Financial Group by 778.6% in the 3rd quarter. Prudential Financial Inc. now owns 291,144 shares of the bank’s stock valued at $54,470,000 after buying an additional 258,006 shares during the period. 88.49% of the stock is currently owned by institutional investors.
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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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