SVB Financial Group (NASDAQ:SIVB) CEO Gregory W. Becker sold 4,828 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $233.48, for a total value of $1,127,241.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NASDAQ:SIVB traded up $4.88 during mid-day trading on Wednesday, hitting $230.15. 271,854 shares of the stock were exchanged, compared to its average volume of 497,591. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.36 and a beta of 2.19. The firm’s 50-day simple moving average is $225.86 and its 200 day simple moving average is $214.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 0.66. SVB Financial Group has a fifty-two week low of $177.70 and a fifty-two week high of $259.95.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 24th. The bank reported $5.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.99 by $0.16. The business had revenue of $814.65 million during the quarter, compared to analysts’ expectations of $805.27 million. SVB Financial Group had a return on equity of 20.38% and a net margin of 33.95%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $5.10 EPS. On average, analysts predict that SVB Financial Group will post 21.24 EPS for the current fiscal year.
A number of research analysts have weighed in on SIVB shares. SunTrust Banks set a $250.00 price target on SVB Financial Group and gave the company a “buy” rating in a research note on Wednesday, September 18th. Piper Jaffray Companies lifted their target price on SVB Financial Group from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Co reduced their target price on SVB Financial Group from $240.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. BidaskClub downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Barclays reduced their target price on SVB Financial Group from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $260.38.
A number of large investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV acquired a new stake in SVB Financial Group during the 3rd quarter worth approximately $127,000. Millennium Management LLC lifted its holdings in SVB Financial Group by 2,612.1% during the 3rd quarter. Millennium Management LLC now owns 163,812 shares of the bank’s stock worth $34,228,000 after purchasing an additional 157,772 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in SVB Financial Group by 54.7% during the 3rd quarter. Squarepoint Ops LLC now owns 5,400 shares of the bank’s stock worth $1,128,000 after purchasing an additional 1,909 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in SVB Financial Group in the 3rd quarter valued at $2,450,000. Finally, National Pension Service raised its holdings in SVB Financial Group by 5.5% in the 3rd quarter. National Pension Service now owns 72,738 shares of the bank’s stock valued at $15,199,000 after acquiring an additional 3,796 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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