SVB Financial Group (NASDAQ:SIVB) had its price objective boosted by Barclays from $273.00 to $277.00 in a research note released on Wednesday, April 11th. The brokerage currently has an equal weight rating on the bank’s stock.
Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded SVB Financial Group from a buy rating to a hold rating in a report on Friday, March 23rd. Jefferies Group reissued a buy rating on shares of SVB Financial Group in a report on Friday, January 26th. Zacks Investment Research downgraded SVB Financial Group from a buy rating to a hold rating in a report on Tuesday, February 13th. Wells Fargo restated an outperform rating and issued a $280.00 price objective (up from $240.00) on shares of SVB Financial Group in a research note on Tuesday, January 9th. Finally, SunTrust Banks restated a buy rating and issued a $280.00 price objective on shares of SVB Financial Group in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $260.42.
Shares of SIVB stock opened at $250.83 on Wednesday. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $271.79. The stock has a market cap of $13,266.40, a P/E ratio of 25.31, a P/E/G ratio of 1.63 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59.
In other SVB Financial Group news, insider Michelle Draper sold 2,510 shares of SVB Financial Group stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total value of $624,864.50. Following the sale, the insider now owns 7,879 shares in the company, valued at $1,961,477.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory W. Becker sold 4,500 shares of SVB Financial Group stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total value of $1,095,705.00. The disclosure for this sale can be found here. Insiders have sold 11,213 shares of company stock worth $2,724,673 in the last three months. 0.74% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of SIVB. Wells Fargo & Company MN raised its position in SVB Financial Group by 7.8% in the third quarter. Wells Fargo & Company MN now owns 107,473 shares of the bank’s stock valued at $20,107,000 after purchasing an additional 7,783 shares during the period. Stifel Financial Corp raised its holdings in shares of SVB Financial Group by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 33,092 shares of the bank’s stock valued at $6,193,000 after buying an additional 494 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of SVB Financial Group by 10.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 7,306 shares of the bank’s stock valued at $1,367,000 after buying an additional 720 shares during the period. AMP Capital Investors Ltd raised its holdings in shares of SVB Financial Group by 40.9% in the 3rd quarter. AMP Capital Investors Ltd now owns 15,167 shares of the bank’s stock valued at $2,837,000 after buying an additional 4,400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of SVB Financial Group by 11.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,819 shares of the bank’s stock valued at $5,766,000 after buying an additional 3,262 shares during the period. Institutional investors own 89.76% of the company’s stock.
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SVB Financial Group Company Profile
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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