SVB Financial Group (NASDAQ: SIVB) Chief Marketing Officer Michelle Draper sold 172 shares of the company in a trade that took place on Wednesday, December 1. The shares were sold at an average price of $ 702.49, for a total trade of $ 120,828.28. The transaction was disclosed in a legal file with the SEC, which is available on the SEC’s website.
The NASDAQ SIVB traded at $ 45.53 on Friday, reaching $ 666.67. The company had a trading volume of 10,449 shares, compared to an average volume of 426,497. The stock has a market capitalization of $ 39.12 billion, a PE ratio of 21.74, a price / earnings-growth ratio. of 2.82 and a beta of 1.93. SVB Financial Group has a 12 month low of $ 337.83 and a 12 month high of $ 763.22. The company has a quick ratio of 0.53, a current ratio of 0.48, and a debt ratio of 0.15. The company’s 50-day average mobile price is $ 709.04, and its 200-day average mobile price is $ 619.72.
SVB Financial Group (NASDAQ: SIVB) last released its quarterly earnings data on Wednesday, October 20. The bank reported earnings per share of $ 6.24 for the quarter, beating the Zacks’ consensus estimate of $ 5.04 by $ 1.20. The company reported $ 1.53 billion in revenue in the quarter, compared to analysts’ estimates of $ 1.31 billion. SVB Financial Group achieved a return on equity of 18.95% and a net margin of 31.79%. In the same quarter of last year, the company posted earnings per share of $ 8.47. On average, research analysts expect SVB Financial Group to post 32.87 EPS for the current year.
Several large investors have recently bought and sold stocks. Vanguard Group Inc. increased its position in shares of SVB Financial Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 5,714,480 shares of the bank valued at $ 3,179,709,000 after purchasing an additional 162,091 shares in the last quarter. BlackRock Inc. increased its position in SVB Financial Group shares by 9.5% in the third quarter. BlackRock Inc. now owns 5,059,688 shares of the bank valued at $ 3,273,011,000 after purchasing an additional 439,970 shares in the last quarter. JPMorgan Chase & Co. increased its position in SVB Financial Group shares by 103.6% in the second quarter. JPMorgan Chase & Co. now owns 2,428,967 shares of the bank valued at $ 1,351,549,000 after purchasing an additional 1,235,927 shares in the last quarter. Capital International Investors increased its position in shares of SVB Financial Group by 4.0% in the second quarter. Capital International Investors now owns 2,048,580 shares of the bank valued at $ 1,139,891,000 after purchasing an additional 79,117 shares in the last quarter. Finally, the Royal Bank of Canada increased its position in SVB Financial Group shares by 8.6% in the third quarter. Royal Bank of Canada now owns 1,715,975 shares of the bank valued at $ 1,110,030,000 after purchasing an additional 135,943 shares in the last quarter. Institutional investors hold 86.77% of the shares of the company.
Several research firms have recently looked into the SIVB. Maxim Group raised its price target on SVB Financial Group shares from $ 950.00 to $ 1,100.00 and gave the company a “buy” rating in a report released on Monday, November 1. Keefe, Bruyette & Woods raised SVB Financial Group shares from a “market performance” rating to an “outperformance” rating and set a target price of $ 700.00 for the company in a report released on Tuesday. September 7. JPMorgan Chase & Co. raised its price target for SVB Financial Group shares from $ 750.00 to $ 875.00 and assigned the company an “overweight” rating in a report released on Friday, October 22. Raymond James raised his price target on SVB Financial Group shares from $ 820.00 to $ 830.00 and gave the company an “outperformance” rating in a report released on Thursday, November 18. Finally, Evercore ISI assumed the coverage of SVB Financial Group shares in a report released on Friday, October 22. They set a “keep” rating and a target price of $ 690.00 for the company. A stock research analyst rated the stock with a sell rating, six assigned a conservation rating, and twelve assigned a buy rating to the company’s stock. According to MarketBeat, SVB Financial Group currently has a consensus rating of “Buy” and an average target price of $ 748.37.
SVB Financial Group Company Profile
SVB Financial Group is a holding company providing banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment includes results from Commercial Banking, Private Equity Division, SVB Wine, SVB Analysis and Debt Fund Investments.
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