SVB Financial Group (NASDAQ:SIVB) CMO Sells $49,500.00 in Stock

SVB Financial Group (NASDAQ:SIVBGet Rating) CMO Michelle Draper sold 165 shares of the firm’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $300.00, for a total transaction of $49,500.00. Following the transaction, the chief marketing officer now directly owns 4,261 shares in the company, valued at approximately $1,278,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michelle Draper also recently made the following trade(s):

  • On Wednesday, December 28th, Michelle Draper sold 2,414 shares of SVB Financial Group stock. The shares were sold at an average price of $215.61, for a total transaction of $520,482.54.

SVB Financial Group Trading Down 0.9 %

SIVB stock traded down $2.64 during mid-day trading on Tuesday, reaching $296.05. The company’s stock had a trading volume of 500,493 shares, compared to its average volume of 1,122,380. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. SVB Financial Group has a 12 month low of $198.10 and a 12 month high of $658.47. The business’s 50 day moving average price is $231.08 and its 200 day moving average price is $314.38. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.47.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its quarterly earnings results on Thursday, January 19th. The bank reported $4.62 EPS for the quarter, missing analysts’ consensus estimates of $5.26 by ($0.64). SVB Financial Group had a net margin of 22.05% and a return on equity of 13.02%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company earned $6.22 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts predict that SVB Financial Group will post 19.81 EPS for the current year.

Institutional Trading of SVB Financial Group

Several institutional investors have recently added to or reduced their stakes in SIVB. Urban Wealth Management LLC bought a new position in SVB Financial Group in the 2nd quarter worth $26,000. Ronald Blue Trust Inc. grew its position in SVB Financial Group by 243.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 79 shares of the bank’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of SVB Financial Group by 200.0% during the second quarter. First Horizon Advisors Inc. now owns 72 shares of the bank’s stock valued at $27,000 after buying an additional 48 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of SVB Financial Group by 500.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 120 shares of the bank’s stock valued at $28,000 after buying an additional 100 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in shares of SVB Financial Group by 52.0% during the second quarter. TCI Wealth Advisors Inc. now owns 76 shares of the bank’s stock valued at $30,000 after acquiring an additional 26 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SIVB has been the topic of a number of recent analyst reports. DA Davidson dropped their price target on shares of SVB Financial Group to $240.00 in a research report on Monday, December 12th. Wedbush lowered their price objective on shares of SVB Financial Group from $385.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Wolfe Research decreased their price target on shares of SVB Financial Group from $315.00 to $235.00 in a research note on Thursday, December 1st. Raymond James lifted their price target on shares of SVB Financial Group from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price objective on SVB Financial Group from $375.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $359.52.

SVB Financial Group Company Profile

(Get Rating)

SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

Recommended Stories

Insider Buying and Selling by Quarter 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 MarketBeat.com's FREE daily email newsletter.