Insider Selling: SVB Financial Group (SIVB) Insider Sells 2,260 Shares of Stock
SVB Financial Group (NASDAQ:SIVB) insider Marc C. Cadieux sold 2,260 shares of SVB Financial Group stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares in the company, valued at approximately $3,503,079.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
SVB Financial Group (SIVB) traded down $2.63 during trading hours on Tuesday, hitting $215.06. 549,296 shares of the stock traded hands, compared to its average volume of 431,922. SVB Financial Group has a one year low of $121.12 and a one year high of $223.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.60 and a current ratio of 0.59. The company has a market cap of $11,210.00, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.63.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. research analysts forecast that SVB Financial Group will post 9.5 EPS for the current fiscal year.
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Several research analysts recently commented on SIVB shares. Barclays PLC reiterated an “equal weight” rating and issued a $191.00 target price (up previously from $188.00) on shares of SVB Financial Group in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a report on Friday, July 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $212.00 target price on shares of SVB Financial Group in a report on Friday, July 14th. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Stephens restated a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. SVB Financial Group has a consensus rating of “Buy” and a consensus price target of $211.83.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. increased its stake in SVB Financial Group by 0.3% in the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after acquiring an additional 4 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SVB Financial Group by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after acquiring an additional 20 shares during the period. Pacer Advisors Inc. increased its stake in SVB Financial Group by 9.2% in the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in SVB Financial Group by 11.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after acquiring an additional 90 shares during the period. Finally, Utah Retirement Systems increased its stake in SVB Financial Group by 1.1% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 100 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.
SVB Financial Group Company Profile
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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