Trade Report: The SVB Financial Group (SIVB) Receives Consensus Rating of “Buy” from Analysts

The SVB Financial Group (SIVB) Receives Consensus Rating of “Buy” from Analysts

Shares of SVB Financial Group (NASDAQ:SIVB) have been assigned an average rating of “Buy” from the sixteen analysts that are presently covering the stock. Two investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $132.88.

A number of brokerages recently weighed in on SIVB. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of SVB Financial Group in a report on Wednesday, October 12th. Barclays PLC lifted their target price on SVB Financial Group from $117.00 to $127.00 and gave the company an “overweight” rating in a report on Tuesday, October 11th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Friday, October 7th. JMP Securities began coverage on SVB Financial Group in a report on Friday, September 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, Morgan Stanley reiterated a “buy” rating on shares of SVB Financial Group in a report on Tuesday, August 2nd.

SVB Financial Group (NASDAQ:SIVB) opened at 114.89 on Thursday. The stock has a 50 day moving average price of $110.85 and a 200-day moving average price of $104.24. The stock has a market cap of $5.98 billion, a P/E ratio of 17.54 and a beta of 1.63. SVB Financial Group has a 12-month low of $77.87 and a 12-month high of $141.75.

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

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

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC raised its stake in shares of SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock valued at $157,000 after buying an additional 874 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock valued at $137,000 after buying an additional 1,321 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of SVB Financial Group during the second quarter valued at $141,000. Quantbot Technologies LP purchased a new stake in shares of SVB Financial Group during the second quarter valued at $144,000. Finally, One Capital Management LLC purchased a new stake in shares of SVB Financial Group during the third quarter valued at $221,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

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