Traders Purchase Large Volume of SVB Financial Group Call Options (SIVB)

SVB Financial Group (NASDAQ:SIVB) was the recipient of unusually large options trading on Tuesday. Traders acquired 749 call options on the stock. This represents an increase of approximately 761% compared to the typical volume of 87 call options.

SIVB has been the topic of several research analyst reports. Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. ValuEngine lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Royal Bank of Canada cut their price target on SVB Financial Group to $300.00 and set an “outperform” rating on the stock in a research report on Friday, January 25th. They noted that the move was a valuation call. Barclays raised SVB Financial Group from an “equal weight” rating to an “overweight” rating and set a $236.25 price target on the stock in a research report on Wednesday, November 28th. Finally, Bank of America set a $280.00 price target on SVB Financial Group and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $313.35.

In related news, insider John China sold 11,200 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total transaction of $2,790,144.00. Following the completion of the sale, the insider now owns 22,172 shares in the company, valued at $5,523,488.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,669 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $242.39, for a total value of $889,328.91. Following the sale, the insider now owns 6,020 shares of the company’s stock, valued at approximately $1,459,187.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,617 shares of company stock valued at $4,096,266. 0.73% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in SIVB. Bronfman E.L. Rothschild L.P. grew its holdings in SVB Financial Group by 135.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock worth $37,000 after acquiring an additional 111 shares during the period. Clean Yield Group acquired a new position in SVB Financial Group during the fourth quarter worth $47,000. JOYN Advisors Inc. grew its holdings in SVB Financial Group by 106.9% during the fourth quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock worth $51,000 after acquiring an additional 140 shares during the period. Resources Management Corp CT ADV grew its holdings in SVB Financial Group by 245.3% during the fourth quarter. Resources Management Corp CT ADV now owns 328 shares of the bank’s stock worth $62,000 after acquiring an additional 233 shares during the period. Finally, Paradigm Asset Management Co. LLC acquired a new position in SVB Financial Group during the third quarter worth $93,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:SIVB opened at $245.53 on Wednesday. The company has a market capitalization of $12.96 billion, a PE ratio of 13.47, a P/E/G ratio of 1.61 and a beta of 2.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.13. SVB Financial Group has a 12-month low of $177.70 and a 12-month high of $333.74.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 24th. The bank reported $4.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.69 by $0.27. The business had revenue of $673.69 million for the quarter, compared to analyst estimates of $697.89 million. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.19 earnings per share. Equities analysts predict that SVB Financial Group will post 20.39 earnings per share for the current year.

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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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