SVB Financial Group (SIVB) Insider Gregory W. Becker Sells 4,500 Shares
SVB Financial Group (NASDAQ:SIVB) insider Gregory W. Becker sold 4,500 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
SVB Financial Group (NASDAQ SIVB) traded up $11.57 during midday trading on Friday, hitting $238.65. 942,717 shares of the stock were exchanged, compared to its average volume of 437,886. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $12,707.92, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $263.09.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). The company had revenue of $545.97 million during the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same period last year, the company earned $1.89 earnings per share. equities research analysts predict that SVB Financial Group will post 13.85 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of SVB Financial Group by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,104,914 shares of the bank’s stock worth $1,193,377,000 after purchasing an additional 146,741 shares in the last quarter. Harding Loevner LP lifted its position in shares of SVB Financial Group by 209.0% in the third quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock worth $284,617,000 after purchasing an additional 3,258,700 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of SVB Financial Group by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock worth $464,570,000 after purchasing an additional 354,948 shares in the last quarter. State Street Corp lifted its position in shares of SVB Financial Group by 13.5% in the second quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after purchasing an additional 288,697 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of SVB Financial Group by 29.1% in the third quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock worth $302,746,000 after purchasing an additional 364,303 shares in the last quarter. 91.45% of the stock is 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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