SVB Financial Group (NASDAQ:SIVB) had its target price upped by Barclays from $273.00 to $277.00 in a report issued on Wednesday morning. They currently have an equal weight rating on the bank’s stock.
Other equities research analysts also recently issued research reports about the stock. Jefferies Group restated a buy rating on shares of SVB Financial Group in a research note on Friday, January 26th. Stephens restated a buy rating on shares of SVB Financial Group in a research note on Friday, January 26th. SunTrust Banks boosted their target price on shares of SVB Financial Group to $300.00 and gave the company a buy rating in a research note on Friday, January 26th. Maxim Group restated a buy rating and issued a $300.00 target price (up previously from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of SVB Financial Group from a hold rating to a buy rating and set a $271.00 target price on the stock in a research note on Wednesday, December 27th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. SVB Financial Group presently has a consensus rating of Buy and an average target price of $260.42.
SIVB opened at $247.03 on Wednesday. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $271.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $13,252.05, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.63 and a beta of 1.44.
In related news, insider Gregory W. Becker sold 3,028 shares of SVB Financial Group stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $233.52, for a total value of $707,098.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip C. Cox sold 1,175 shares of SVB Financial Group stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the transaction, the insider now directly owns 4,097 shares of the company’s stock, valued at $1,035,598.69. The disclosure for this sale can be found here. Insiders sold 11,213 shares of company stock valued at $2,724,673 over the last ninety days. 0.74% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of SVB Financial Group by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,104,914 shares of the bank’s stock valued at $1,193,377,000 after buying an additional 146,741 shares during the last quarter. Geode Capital Management LLC raised its holdings in SVB Financial Group by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 462,108 shares of the bank’s stock worth $107,963,000 after purchasing an additional 6,947 shares during the last quarter. Bank of Montreal Can raised its holdings in SVB Financial Group by 8.9% during the 4th quarter. Bank of Montreal Can now owns 326,062 shares of the bank’s stock worth $76,223,000 after purchasing an additional 26,664 shares during the last quarter. Prudential Financial Inc. raised its holdings in SVB Financial Group by 778.6% during the 3rd quarter. Prudential Financial Inc. now owns 291,144 shares of the bank’s stock worth $54,470,000 after purchasing an additional 258,006 shares during the last quarter. Finally, Ownership Capital B.V. raised its holdings in SVB Financial Group by 0.9% during the 4th quarter. Ownership Capital B.V. now owns 290,302 shares of the bank’s stock worth $67,864,000 after purchasing an additional 2,586 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.
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About SVB Financial Group
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.
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