Gregory W. Becker Sells 4,828 Shares of SVB Financial Group (NASDAQ:SIVB) Stock

SVB Financial Group (NASDAQ:SIVB) CEO Gregory W. Becker sold 4,828 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $233.48, for a total transaction of $1,127,241.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ SIVB opened at $229.40 on Friday. SVB Financial Group has a 12-month low of $177.70 and a 12-month high of $259.95. The stock has a market cap of $11.95 billion, a PE ratio of 12.58, a P/E/G ratio of 1.36 and a beta of 2.19. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $226.91 and a 200 day moving average of $214.93.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 24th. The bank reported $5.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.99 by $0.16. The business had revenue of $814.65 million for the quarter, compared to analyst estimates of $805.27 million. SVB Financial Group had a net margin of 33.95% and a return on equity of 20.38%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $5.10 EPS. On average, sell-side analysts forecast that SVB Financial Group will post 21.24 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIVB. Invesco Ltd. grew its holdings in SVB Financial Group by 122.0% in the 2nd quarter. Invesco Ltd. now owns 1,425,010 shares of the bank’s stock valued at $320,042,000 after buying an additional 783,083 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its holdings in SVB Financial Group by 400.0% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 500,000 shares of the bank’s stock valued at $104,460,000 after purchasing an additional 400,000 shares during the last quarter. Prudential PLC boosted its holdings in SVB Financial Group by 22,290.6% in the 2nd quarter. Prudential PLC now owns 276,300 shares of the bank’s stock valued at $62,054,000 after purchasing an additional 275,066 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of SVB Financial Group by 1,247.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 250,496 shares of the bank’s stock valued at $56,259,000 after buying an additional 231,904 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of SVB Financial Group by 75.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 414,968 shares of the bank’s stock worth $86,708,000 after buying an additional 179,108 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on SIVB shares. SunTrust Banks set a $250.00 price target on SVB Financial Group and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Barclays cut their price target on shares of SVB Financial Group from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada set a $265.00 price objective on shares of SVB Financial Group and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Jaffray Companies increased their price objective on shares of SVB Financial Group from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Maxim Group dropped their target price on shares of SVB Financial Group from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $260.38.

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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Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

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