SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating restated by research analysts at Jefferies Group LLC in a report released on Friday. They currently have a $216.00 price target on the bank’s stock. Jefferies Group LLC’s price objective points to a potential upside of 25.54% from the stock’s current price.

A number of other brokerages have also recently commented on SIVB. Piper Jaffray Companies reissued an “overweight” rating and issued a $214.00 price target (up from $202.00) on shares of SVB Financial Group in a research report on Friday, April 14th. BidaskClub cut SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Wedbush reissued a “neutral” rating and issued a $192.00 price target on shares of SVB Financial Group in a research report on Tuesday, June 27th. Barclays PLC reissued a “hold” rating and issued a $188.00 price target on shares of SVB Financial Group in a research report on Monday, May 1st. Finally, Zacks Investment Research cut SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and an average target price of $202.75.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 172.03 on Friday. The stock has a 50 day moving average price of $179.24 and a 200 day moving average price of $181.13. SVB Financial Group has a 52 week low of $103.05 and a 52 week high of $198.83. The stock has a market capitalization of $9.06 billion, a P/E ratio of 20.91 and a beta of 1.59.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. SVB Financial Group had a return on equity of 12.90% and a net margin of 28.12%. The firm had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $451.96 million. During the same period in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that SVB Financial Group will post $8.98 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “SVB Financial Group’s (SIVB) Buy Rating Reiterated at Jefferies Group LLC” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.watchlistnews.com/svb-financial-groups-sivb-buy-rating-reiterated-at-jefferies-group-llc/1476269.html.

In related news, insider Bruce Wallace sold 8,790 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $182.58, for a total value of $1,604,878.20. Following the transaction, the insider now directly owns 14,248 shares of the company’s stock, valued at approximately $2,601,399.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Descheneaux sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $184.38, for a total value of $1,290,660.00. Following the completion of the transaction, the chief financial officer now directly owns 18,419 shares in the company, valued at $3,396,095.22. The disclosure for this sale can be found here. Insiders sold a total of 22,314 shares of company stock worth $4,085,570 over the last ninety days. 0.73% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SIVB. BlackRock Inc. raised its stake in shares of SVB Financial Group by 16.5% in the second quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after buying an additional 748,591 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SVB Financial Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock worth $769,356,000 after buying an additional 170,941 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SVB Financial Group by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock worth $375,282,000 after buying an additional 629,917 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of SVB Financial Group by 17,141.0% in the second quarter. Harbour Capital Advisors LLC now owns 1,389,972 shares of the bank’s stock worth $7,907,000 after buying an additional 1,381,910 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of SVB Financial Group by 924.5% in the first quarter. Credit Agricole S A now owns 1,128,284 shares of the bank’s stock worth $44,547,000 after buying an additional 1,018,151 shares in the last quarter. 95.12% of the stock is currently owned by institutional investors and hedge funds.

About SVB Financial Group

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.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with Analyst Ratings Network's FREE daily email newsletter.