SVB Financial Group (NASDAQ:SIVB) insider Bruce Wallace sold 2,611 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $151.86, for a total value of $396,506.46. Following the transaction, the insider now owns 12,027 shares of the company’s stock, valued at $1,826,420.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.78% during midday trading on Thursday, reaching $148.50. The company had a trading volume of 258,249 shares. The company has a market capitalization of $7735.07 billion, a P/E ratio of 20.92 and a beta of 1.44. 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 52 week low of $77.87 and a 52 week high of $153.39.

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 Zacks’ consensus estimate of $1.73 by $0.39. The company had revenue of $433.50 million for the quarter. SVB Financial Group had a return on equity of 10.44% and a net margin of 22.84%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. On average, equities research analysts predict that SVB Financial Group will post $7.19 earnings per share for the current fiscal year.

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

Institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of SVB Financial Group during the third quarter valued at approximately $133,000. Advisory Services Network LLC raised its position 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. Tower Research Capital LLC TRC raised its position 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. acquired a new position in shares of SVB Financial Group during the second quarter valued at approximately $141,000. Finally, Quantbot Technologies LP acquired a new position in shares of SVB Financial Group during the second quarter valued at approximately $144,000. 91.92% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on SIVB shares. JMP Securities started coverage on SVB Financial Group in a report on Friday, September 16th. They set an “outperform” rating and a $130.00 price target on the stock. Barclays PLC upgraded SVB Financial Group from an “overweight” rating to a “top pick” rating and increased their price target for the company from $139.00 to $150.00 in a report on Wednesday, September 28th. Wells Fargo & Co. restated a “buy” rating on shares of SVB Financial Group in a report on Friday, July 22nd. DA Davidson lowered SVB Financial Group from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Finally, Morgan Stanley restated a “buy” rating on shares of SVB Financial Group in a report on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently 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

Receive News & Stock Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related stocks with our FREE daily email newsletter.