SVB Financial Group (NASDAQ:SIVB) Insider Marc C. Cadieux Sells 2,000 Shares

SVB Financial Group (NASDAQ:SIVB) insider Marc C. Cadieux sold 2,000 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $227.83, for a total value of $455,660.00.

Shares of NASDAQ SIVB traded up $2.33 during mid-day trading on Wednesday, reaching $223.81. The company’s stock had a trading volume of 3,284 shares, compared to its average volume of 306,354. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.72. SVB Financial Group has a 52 week low of $127.39 and a 52 week high of $270.95. The stock has a fifty day moving average of $215.77 and a two-hundred day moving average of $207.11. The firm has a market capitalization of $11.39 billion, a PE ratio of 12.87, a P/E/G ratio of 2.07 and a beta of 2.25.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.46. SVB Financial Group had a net margin of 25.26% and a return on equity of 13.61%. The business had revenue of $881.78 million during the quarter, compared to analysts’ expectations of $757.21 million. During the same period last year, the company posted $6.08 EPS. Analysts anticipate that SVB Financial Group will post 13.62 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in SVB Financial Group by 77.4% in the first quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock worth $31,000 after buying an additional 89 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in SVB Financial Group by 30.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $41,000 after purchasing an additional 64 shares during the period. Quadrant Capital Group LLC grew its stake in shares of SVB Financial Group by 63.9% during the fourth quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock valued at $50,000 after buying an additional 85 shares during the last quarter. Clean Yield Group lifted its stake in shares of SVB Financial Group by 177.8% during the 1st quarter. Clean Yield Group now owns 350 shares of the bank’s stock worth $53,000 after acquiring an additional 224 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in SVB Financial Group in the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

SIVB has been the subject of several analyst reports. SunTrust Banks upped their price target on shares of SVB Financial Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Maxim Group restated a “buy” rating and issued a $240.00 target price on shares of SVB Financial Group in a report on Friday, May 29th. Barclays boosted their price objective on shares of SVB Financial Group from $214.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. UBS Group increased their price objective on SVB Financial Group from $154.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, DA Davidson lowered shares of SVB Financial Group from a “buy” rating to a “neutral” rating and set a $230.00 target price on the stock. in a research note on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $232.63.

About SVB Financial Group

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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