SVB Financial Group (SIVB) Given Average Rating of “Buy” by Brokerages
SVB Financial Group (NASDAQ:SIVB) has been given an average rating of “Buy” by the sixteen research firms that are covering the company. Three investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $135.44.
A number of research analysts have recently commented on the company. Barclays PLC raised their target price on SVB Financial Group from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday, October 11th. Royal Bank Of Canada raised their price objective on SVB Financial Group from $125.00 to $146.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of SVB Financial Group in a research report on Wednesday, October 12th. DA Davidson lowered SVB Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. Finally, JMP Securities assumed coverage on SVB Financial Group in a research report on Friday, September 16th. They set an “outperform” rating and a $130.00 price objective for the company.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.72% during mid-day trading on Thursday, hitting $148.41. The stock had a trading volume of 244,574 shares. SVB Financial Group has a 12 month low of $77.87 and a 12 month high of $153.39. The stock has a market cap of $7730.38 billion, a P/E ratio of 20.90 and a beta of 1.44. The firm has a 50 day moving average price of $122.70 and a 200-day moving average price of $107.75.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.12 earnings per share for the quarter, topping the 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 business earned $433.50 million during the quarter. During the same quarter last year, the business posted $1.57 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts forecast that SVB Financial Group will post $7.19 EPS for the current year.
In other news, insider John China sold 1,200 shares of SVB Financial Group stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $124.40, for a total value of $149,280.00. Following the sale, the insider now directly owns 9,188 shares of the company’s stock, valued at $1,142,987.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at $1,265,602.86. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of SVB Financial Group during the third quarter valued at $133,000. Tower Research Capital LLC TRC boosted its position in 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 worth $137,000 after buying an additional 1,321 shares in the last quarter. Advisor Group Inc. acquired a new position in SVB Financial Group during the second quarter worth approximately $141,000. Quantbot Technologies LP acquired a new position in SVB Financial Group during the second quarter worth approximately $144,000. Finally, Advisory Services Network LLC boosted its position in SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock worth $157,000 after buying an additional 874 shares in the last quarter. 91.92% of the stock is currently owned by institutional investors.
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.
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