SVB Financial Group (NASDAQ:SIVB) insider Philip C. Cox sold 400 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $123.76, for a total transaction of $49,504.00. Following the transaction, the insider now directly owns 4,017 shares of the company’s stock, valued at approximately $497,143.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SVB Financial Group (NASDAQ:SIVB) opened at 139.90 on Friday. SVB Financial Group has a 1-year low of $77.87 and a 1-year high of $141.84. The firm’s 50-day moving average is $118.21 and its 200-day moving average is $106.49. The company has a market capitalization of $7.28 billion, a P/E ratio of 19.70 and a beta of 1.44.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, October 20th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.73 by $0.39. The business earned $433.50 million during the quarter. SVB Financial Group had a net margin of 22.84% and a return on equity of 10.44%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. Equities research analysts predict that SVB Financial Group will post $7.22 EPS for the current year.

Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

SIVB has been the subject of several research analyst reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of SVB Financial Group in a research report on Friday, July 22nd. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday, October 25th. Morgan Stanley reissued a “buy” rating on shares of SVB Financial Group in a research report on Tuesday, August 2nd. Barclays PLC raised shares of SVB Financial Group from an “overweight” rating to a “top pick” rating and increased their price objective for the stock from $139.00 to $150.00 in a research report on Wednesday, September 28th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $146.00 price objective (up previously from $125.00) on shares of SVB Financial Group in a research report on Thursday. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $134.54.

Several hedge funds have recently bought and sold shares of SIVB. Vanguard Group Inc. raised its position in shares of SVB Financial Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,724,910 shares of the company’s stock valued at $354,463,000 after buying an additional 104,620 shares during the last quarter. Harding Loevner LP raised its position in shares of SVB Financial Group by 0.3% in the third quarter. Harding Loevner LP now owns 2,891,241 shares of the company’s stock valued at $319,598,000 after buying an additional 7,558 shares during the last quarter. State Street Corp raised its position in shares of SVB Financial Group by 5.4% in the second quarter. State Street Corp now owns 2,344,688 shares of the company’s stock valued at $223,128,000 after buying an additional 120,360 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of SVB Financial Group by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,999,997 shares of the company’s stock valued at $221,080,000 after buying an additional 87,680 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of SVB Financial Group by 1.3% in the second quarter. Fisher Asset Management LLC now owns 1,636,848 shares of the company’s stock valued at $157,268,000 after buying an additional 20,874 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

SVB Financial Group Company Profile

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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