SVB Financial Group (NASDAQ:SIVB – Get Rating) Director Beverly Kay Matthews bought 1,000 shares of SVB Financial Group stock in a transaction on Tuesday, January 3rd. The stock was acquired at an average cost of $232.06 per share, with a total value of $232,060.00. Following the acquisition, the director now owns 2,374 shares of the company’s stock, valued at approximately $550,910.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
SVB Financial Group Trading Down 3.1 %
SIVB stock traded down $7.47 during midday trading on Thursday, reaching $232.59. 985,217 shares of the company’s stock traded hands, compared to its average volume of 868,139. SVB Financial Group has a fifty-two week low of $198.10 and a fifty-two week high of $752.68. The company has a market capitalization of $13.75 billion, a P/E ratio of 8.91, a PEG ratio of 1.35 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average price of $221.81 and a two-hundred day moving average price of $328.49.
SVB Financial Group (NASDAQ:SIVB – Get Rating) last announced its quarterly earnings results on Thursday, October 20th. The bank reported $7.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.79 by $0.42. SVB Financial Group had a return on equity of 13.72% and a net margin of 25.57%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned $7.26 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that SVB Financial Group will post 26.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on SVB Financial Group from $450.00 to $360.00 and set a “buy” rating for the company in a report on Friday, September 30th. DA Davidson reduced their price objective on SVB Financial Group to $240.00 in a report on Monday, December 12th. Barclays lowered their price objective on shares of SVB Financial Group from $411.00 to $308.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wedbush lowered their price objective on shares of SVB Financial Group from $385.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Finally, JPMorgan Chase & Co. cut their price objective on SVB Financial Group from $375.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, December 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $362.18.
Hedge Funds Weigh In On SVB Financial Group
Several hedge funds and other institutional investors have recently bought and sold shares of SIVB. Vontobel Holding Ltd. grew its holdings in SVB Financial Group by 156.4% during the 1st quarter. Vontobel Holding Ltd. now owns 3,703 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 2,259 shares in the last quarter. Blair William & Co. IL increased its holdings in SVB Financial Group by 2.6% during the 1st quarter. Blair William & Co. IL now owns 2,368 shares of the bank’s stock worth $1,325,000 after purchasing an additional 60 shares during the last quarter. Sei Investments Co. increased its holdings in SVB Financial Group by 15.3% during the 1st quarter. Sei Investments Co. now owns 64,161 shares of the bank’s stock worth $36,238,000 after purchasing an additional 8,491 shares during the last quarter. Aviva PLC raised its position in shares of SVB Financial Group by 29.2% in the 1st quarter. Aviva PLC now owns 25,312 shares of the bank’s stock valued at $14,161,000 after purchasing an additional 5,716 shares in the last quarter. Finally, RMR Wealth Builders acquired a new stake in shares of SVB Financial Group during the first quarter worth approximately $269,000. 92.35% of the stock is owned by institutional investors and hedge funds.
About SVB Financial Group
(Get Rating)
SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.
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