SVB Financial Group (NASDAQ:SIVB) insider Kamran F. Husain sold 3,289 shares of SVB Financial Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $139.45, for a total value of $458,651.05. Following the sale, the insider now directly owns 1,187 shares of the company’s stock, valued at $165,527.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 147.35 on Thursday. The company’s 50-day moving average price is $122.70 and its 200 day moving average price is $107.75. SVB Financial Group has a 12-month low of $77.87 and a 12-month high of $153.39. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 20.75 and a beta of 1.44.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, October 20th. The company reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.39. SVB Financial Group had a return on equity of 10.44% and a net margin of 22.84%. The firm earned $433.50 million during the quarter. During the same quarter in the previous year, the business posted $1.57 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Equities analysts predict that SVB Financial Group will post $7.19 earnings per share for the current year.

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

Hedge funds have recently modified their holdings of the company. Stephens Inc. AR increased its stake in shares of SVB Financial Group by 0.3% in the third quarter. Stephens Inc. AR now owns 3,349 shares of the company’s stock worth $370,000 after buying an additional 9 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of SVB Financial Group by 0.7% in the second quarter. Raymond James Trust N.A. now owns 2,341 shares of the company’s stock worth $223,000 after buying an additional 17 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of SVB Financial Group by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,943 shares of the company’s stock worth $851,000 after buying an additional 39 shares during the last quarter. Synovus Financial Corp increased its stake in shares of SVB Financial Group by 0.5% in the second quarter. Synovus Financial Corp now owns 15,878 shares of the company’s stock worth $1,509,000 after buying an additional 79 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of SVB Financial Group by 3.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,265 shares of the company’s stock worth $250,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

A number of research analysts have issued reports on SIVB shares. DA Davidson cut SVB Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd. Wells Fargo & Co. reissued a “buy” rating on shares of SVB Financial Group in a research note on Friday, July 22nd. Maxim Group decreased their target price on SVB Financial Group from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Zacks Investment Research raised SVB Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Barclays PLC decreased their target price on SVB Financial Group from $122.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Three 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. The stock currently has an average rating of “Buy” and an average target price of $133.08.

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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