SVB Financial Group (NASDAQ:SIVB) Insider Sells $455,660.00 in Stock

SVB Financial Group (NASDAQ:SIVB) insider Marc C. Cadieux sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $227.83, for a total transaction of $455,660.00. Following the completion of the sale, the insider now owns 15,378 shares of the company’s stock, valued at $3,503,569.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SVB Financial Group stock opened at $224.27 on Friday. The company has a 50-day simple moving average of $215.17 and a 200-day simple moving average of $206.69. The firm has a market capitalization of $11.48 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.03 and a beta of 2.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.71. SVB Financial Group has a one year low of $127.39 and a one year high of $270.95.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $4.42 EPS for the quarter, topping the consensus estimate of $2.96 by $1.46. The business had revenue of $881.78 million during the quarter, compared to analyst estimates of $757.21 million. SVB Financial Group had a net margin of 25.26% and a return on equity of 13.61%. During the same quarter in the prior year, the firm earned $6.08 earnings per share. As a group, sell-side analysts forecast that SVB Financial Group will post 14.1 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC lifted its position in shares of SVB Financial Group by 77.4% in the first quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock worth $31,000 after purchasing an additional 89 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in SVB Financial Group by 30.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $41,000 after purchasing an additional 64 shares during the period. Quadrant Capital Group LLC increased its position in SVB Financial Group by 63.9% in the fourth quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock worth $50,000 after purchasing an additional 85 shares during the period. Clean Yield Group grew its position in shares of SVB Financial Group by 177.8% during the 1st quarter. Clean Yield Group now owns 350 shares of the bank’s stock worth $53,000 after buying an additional 224 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of SVB Financial Group during the 1st quarter worth about $67,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Several research firms recently issued reports on SIVB. Bank of America upped their price target on shares of SVB Financial Group from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their price target on shares of SVB Financial Group from $250.00 to $275.00 in a report on Friday, July 24th. Royal Bank of Canada upped their price target on shares of SVB Financial Group from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 24th. DA Davidson cut shares of SVB Financial Group from a “buy” rating to a “neutral” rating and set a $230.00 target price on the stock. in a report on Monday, June 1st. Finally, UBS Group increased their target price on shares of SVB Financial Group from $154.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $232.63.

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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