SVB Financial Group (NASDAQ:SIVB)‘s stock had its “outperform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.

SIVB has been the topic of a number of other reports. Barclays PLC upgraded SVB Financial Group from an “overweight” rating to a “top pick” rating and increased their target price for the stock from $139.00 to $150.00 in a report on Wednesday, September 28th. JMP Securities initiated coverage on SVB Financial Group in a report on Friday, September 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Friday, October 7th. Royal Bank Of Canada reiterated a “buy” rating on shares of SVB Financial Group in a report on Monday, July 11th. Finally, Morgan Stanley reiterated a “buy” rating on shares of SVB Financial Group in a report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $132.54.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVB) traded up 0.26% during trading on Wednesday, reaching $118.95. 195,012 shares of the company’s stock were exchanged. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 18.16 and a beta of 1.63. The firm’s 50-day moving average price is $109.83 and its 200-day moving average price is $103.83. SVB Financial Group has a 12 month low of $77.87 and a 12 month high of $141.75.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.08. SVB Financial Group had a return on equity of 9.90% and a net margin of 22.00%. On average, equities research analysts anticipate that SVB Financial Group will post $6.81 EPS for the current year.

In related news, insider Bruce Wallace sold 2,300 shares of SVB Financial Group stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $103.25, for a total value of $237,475.00. Following the completion of the sale, the insider now owns 13,177 shares of the company’s stock, valued at approximately $1,360,525.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $106.38, for a total value of $212,760.00. Following the completion of the sale, the director now directly owns 11,897 shares of the company’s stock, valued at approximately $1,265,602.86. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

A number of large investors have recently made changes to their positions in SIVB. Tower Research Capital LLC TRC raised its stake in shares of SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock valued at $137,000 after buying an additional 1,321 shares during the period. Advisor Group Inc. purchased a new stake in shares of SVB Financial Group during the second quarter valued at $141,000. Quantbot Technologies LP purchased a new stake in shares of SVB Financial Group during the second quarter valued at $144,000. Advisory Services Network LLC raised its stake in shares of SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock valued at $157,000 after buying an additional 874 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of SVB Financial Group during the second quarter valued at $204,000. 92.23% of the stock is owned by institutional investors.

About SVB Financial Group

SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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.

5 Day Chart for NASDAQ:SIVB

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