Stephens reiterated their buy rating on shares of SVB Financial Group (NASDAQ:SIVB) in a research report released on Tuesday morning, AnalystRatings.com reports. They currently have a $250.00 price objective on the bank’s stock.
Other research analysts also recently issued reports about the stock. Raymond James downgraded shares of SVB Financial Group from a strong-buy rating to a market perform rating in a research report on Monday, July 8th. Morgan Stanley lowered their price objective on shares of SVB Financial Group from $310.00 to $280.00 and set an overweight rating for the company in a research report on Monday, July 1st. BidaskClub upgraded shares of SVB Financial Group from a sell rating to a hold rating in a research report on Tuesday, September 10th. SunTrust Banks lowered their price objective on shares of SVB Financial Group to $260.00 and set a buy rating for the company in a research report on Monday, July 29th. Finally, Sanford C. Bernstein downgraded shares of SVB Financial Group from an outperform rating to a market perform rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $269.15.
Shares of SIVB opened at $216.58 on Tuesday. SVB Financial Group has a one year low of $177.70 and a one year high of $330.50. The company has a market cap of $11.23 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.37 and a beta of 2.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $201.72 and a two-hundred day simple moving average of $222.86.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $6.08 EPS for the quarter, beating the consensus estimate of $4.98 by $1.10. SVB Financial Group had a net margin of 35.83% and a return on equity of 21.44%. The business had revenue of $863.15 million during the quarter, compared to the consensus estimate of $787.38 million. During the same period in the previous year, the business earned $4.42 earnings per share. On average, analysts expect that SVB Financial Group will post 21.25 earnings per share for the current fiscal year.
In other news, insider Marc C. Cadieux sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $229.94, for a total transaction of $459,880.00. Following the completion of the transaction, the insider now directly owns 14,147 shares in the company, valued at $3,252,961.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Philip C. Cox sold 197 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $227.45, for a total transaction of $44,807.65. Following the transaction, the chief operating officer now owns 8,185 shares of the company’s stock, valued at $1,861,678.25. The disclosure for this sale can be found here. Insiders have sold 6,395 shares of company stock valued at $1,379,838 over the last quarter. Company insiders own 0.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in SVB Financial Group by 122.0% in the second quarter. Invesco Ltd. now owns 1,425,010 shares of the bank’s stock valued at $320,042,000 after purchasing an additional 783,083 shares during the period. Royal Bank of Canada increased its holdings in SVB Financial Group by 20.4% in the second quarter. Royal Bank of Canada now owns 1,038,148 shares of the bank’s stock valued at $233,157,000 after purchasing an additional 175,687 shares during the period. Fisher Asset Management LLC increased its holdings in SVB Financial Group by 0.7% in the second quarter. Fisher Asset Management LLC now owns 1,017,094 shares of the bank’s stock valued at $228,429,000 after purchasing an additional 7,245 shares during the period. Neuberger Berman Group LLC increased its holdings in SVB Financial Group by 1.8% in the first quarter. Neuberger Berman Group LLC now owns 855,182 shares of the bank’s stock valued at $190,159,000 after purchasing an additional 15,374 shares during the period. Finally, Geode Capital Management LLC increased its holdings in SVB Financial Group by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 713,667 shares of the bank’s stock valued at $135,307,000 after purchasing an additional 33,689 shares during the period. Institutional investors and hedge funds own 91.21% of the company’s stock.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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