According to Bloomberg.com, the twenty-five rating agencies that cover SVB Financial Group (NASDAQ: SIVB) have recommended “Hold” as the best course for investors to take regarding the company’s shares. This is the consensus recommendation among the rating agencies. In addition, two research analysts have suggested that investors should sell the stock, and nine have suggested that investors should keep it in their portfolios. Seven have stated that investors should buy the shares. The stock currently has a price target of $367.09, the average price target that brokers who graded the stock in the previous year have assigned for the subsequent 12 months.
Several analyst papers relating to SIVB have been drafted and are currently undergoing review. DA Davidson stated in a research note published on December 12th that they were decreasing their target price on shares of SVB Financial Group to $240.00. While maintaining its “outperform” rating on the stock, Royal Bank of Canada lowered its target price on shares of SVB Financial Group from $474.00 to $350.00 while keeping its “outperform” rating. On Friday, October 21st, the research findings were made public. On Thursday, September 29th, TheStreet lowered its rating of the shares of SVB Financial Group from “b-” to “c+,” reflecting the company’s stock price downward. In a research note published on Monday, December 5th, by StockNews.com, the company rated SVB Financial Group as a “sell,” indicating that investors should consider selling their company shares. This rating suggests that investors should consider selling their shares in the company. The investment bank JPMorgan Chase & Co. assigned an “overweight” rating to the stock in a research note that was made public on December 13th. They kept their “overweight” rating on the company even though they decreased their target price on SVB Financial Group shares from $375.00 to $275.00.
NASDAQ SIVB began trading on Friday at $230.14. This value is equivalent to a debt-to-equity ratio of 0.28, a quick ratio of 0.47, and a current ratio of 0.47. All three of these ratios have the same value. The simple moving average for the last 50 days of the company’s stock price is $222.17, and the simple moving average for the last 200 days is $332.59. All of the metrics that the company possesses, such as its PEG ratio of 1.03, its beta of 1.51, and its earnings-to-price ratio of 8.54, contribute to the current valuation of the company, which is $13.60 billion. The lowest price that SVB Financial Group has been at over the past year is $198.10, while the highest price the company has been at over the past year is $752.68.
The most recent quarterly results report for SVB Financial Group (NASDAQ: SIVB) was made available to the investing community on Thursday, October 20th. The financial institution reported $7.21 per share earnings for the quarter, which is $0.42 more than the consensus estimate of $6.79 per share. The return on equity for SVB Financial Group was 13.72 percent, and the company’s net margin was 25.577 percent. The revenue for the quarter came in at $1.56 billion, which was significantly lower than the $1.64 billion analysts had anticipated for the period. The company generated $7.26 per share during the same period the year before. Compared to the same quarter in the previous year, the quarterly sales of SVB Financial Group experienced an increase of 2.2%. This year, it is anticipated that SVB Financial Group will generate earnings of 26.28 cents per share, as stated by the projections provided by stock market analysts.
On December 28th, 2,414 shares of SVB Financial Group stock were sold by Michelle Draper, who serves as the Chief Marketing Officer for the company. Another piece of information about SVB Financial Group has been recently discovered. The shares were sold for a total of 520,482.54 dollars, which works out to an average price of $215.61 per share divided by the number of shares sold. The transaction has resulted in the chief marketing officer having direct ownership of 2,997 shares. The value of these shares, based on the stock’s current price, comes to approximately $646,183.17. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. The company’s management and employees collectively own 0.62% of the company’s total shares of stock.
Recently, several hedge funds and institutional investors have altered how they hold their SIVB shares after making recent changes to their holding strategies. Vanguard Group Inc. increased the proportion of SVB Financial Group shares it owned by 1.2% during the third quarter. Vanguard Group Inc. bought an additional 77,764 shares of the bank’s stock during the most recent quarter, bringing the total number of shares it owns to 6,501,639. The total value of these shares comes to $2,183,120,000. BlackRock Inc. increased the proportion of SVB Financial Group stock owned by 3.0% over the first three months of 2018. The value of BlackRock Inc.’s total holdings has increased to $5,302,020 due to the company’s recent purchase of an additional 154,048 shares of the bank’s stock during the most recent quarter. A 9.3% increase in the proportion of SVB Financial Group stock that State Street Corporation owned as of the end of the third quarter was achieved by State Street. State Street Corp. now holds 3,077,777 dollars’ worth of the bank’s common stock after purchasing an additional 261,078 shares during the most recent quarter. This brings the total value of the company’s holdings to 3,077,777 dollars. Through the first three months of 2018, Capital International Investors increased the proportion of SVB Financial Group owned by 28.0%. Following the acquisition of 535,924 shares of the bank’s stock during the most recent quarter, Capital International Investors now owns 2,449,195 shares of the company’s stock. According to Bloomberg, the holdings of Capital International Investors in the bank’s stock have a current market value of $1,370,240,00. During the second quarter, JPMorgan Chase & Co. increased the amount of SVB Financial Group stock owned by 2.8%, making this the last and most important point. After making a fresh purchase of 66,796 of the bank’s shares during the most recent quarter, JPMorgan Chase & Co. now has 2,431,504 shares in its possession. The current price of the stock is calculated to be $960,423,000. Hedge funds and other types of institutional investors own a total of 92.35 percent of the company’s shares.
The SVB Financial Group is an all-encompassing organization that offers monetary services and offers its customers a wide variety of banking and financial goods and services. The SVB Financial Group was founded in 1852 and is headquartered in San Francisco, California. Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities are the four divisions that make up the business organized in this way. Through the Global Commercial Bank component of the bank, customers have access to various financial products and services, including credit, treasury management, foreign currency, trade financing, and more.