Todays Report: The SVB Financial Group (SIVB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

The SVB Financial Group (SIVB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

SVB Financial Group (NASDAQ:SIVB)‘s stock had its “outperform” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of SVB Financial Group in a research report on Monday, July 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research report on Saturday, July 9th. Maxim Group lowered their price objective on shares of SVB Financial Group from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Wells Fargo & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research report on Friday, July 22nd. Finally, Morgan Stanley reiterated a “buy” rating on shares of SVB Financial Group in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $132.54.

SVB Financial Group (NASDAQ:SIVB) opened at 114.61 on Wednesday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 17.50 and a beta of 1.63. SVB Financial Group has a 52-week low of $77.87 and a 52-week high of $141.75. The firm has a 50-day moving average price of $110.41 and a 200 day moving average price of $104.00.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.08. SVB Financial Group had a net margin of 22.00% and a return on equity of 9.90%. On average, equities research analysts predict that SVB Financial Group will post $6.81 EPS for the current year.

In other SVB Financial Group news, insider Bruce Wallace sold 2,300 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $103.25, for a total transaction of $237,475.00. Following the completion of the transaction, the insider now owns 13,177 shares of the company’s stock, valued at approximately $1,360,525.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Descheneaux sold 8,378 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $103.21, for a total transaction of $864,693.38. Following the transaction, the chief financial officer now directly owns 15,079 shares of the company’s stock, valued at approximately $1,556,303.59. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIVB. One Capital Management LLC purchased a new position in SVB Financial Group during the third quarter worth $221,000. Vista Capital Partners Inc. purchased a new position in SVB Financial Group during the third quarter worth $656,000. Creative Planning raised its position in SVB Financial Group by 24.3% in the third quarter. Creative Planning now owns 6,732 shares of the company’s stock worth $744,000 after buying an additional 1,318 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in SVB Financial Group by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,871 shares of the company’s stock worth $1,975,000 after buying an additional 357 shares in the last quarter. Finally, Harding Loevner LP raised its position in SVB Financial Group by 0.3% in the third quarter. Harding Loevner LP now owns 2,891,241 shares of the company’s stock worth $319,598,000 after buying an additional 7,558 shares in the last quarter. 92.23% of the stock is owned by hedge funds and other institutional investors.

SVB Financial Group Company Profile

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