Barclays PLC Analysts Give SVB Financial Group (SIVB) a $217.00 Price Target

Barclays PLC set a $217.00 target price on SVB Financial Group (NASDAQ:SIVB) in a report released on Monday morning. The brokerage currently has a hold rating on the bank’s stock.

Several other research analysts have also issued reports on the stock. Maxim Group restated a buy rating and set a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a report on Monday. Morgan Stanley reiterated an overweight rating and issued a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of SVB Financial Group from a hold rating to a sell rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of SVB Financial Group from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a buy rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. SVB Financial Group currently has an average rating of Buy and an average price target of $211.83.

SVB Financial Group (NASDAQ SIVB) traded up $0.79 during trading hours on Monday, hitting $219.52. The stock had a trading volume of 363,871 shares, compared to its average volume of 463,192. The stock has a market capitalization of $11,542.26, a PE ratio of 24.57 and a beta of 1.64.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm had revenue of $533.40 million during the quarter, compared to analyst estimates of $490.56 million. During the same quarter last year, the business earned $2.12 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. research analysts forecast that SVB Financial Group will post 9.5 earnings per share for the current year.

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In related news, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total value of $344,020.00. Following the completion of the sale, the director now owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kamran F. Husain sold 2,890 shares of SVB Financial Group stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total transaction of $636,378.00. Following the completion of the sale, the insider now directly owns 890 shares of the company’s stock, valued at approximately $195,978. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SIVB. Teachers Advisors LLC grew its position in SVB Financial Group by 7.4% in the 1st quarter. Teachers Advisors LLC now owns 138,140 shares of the bank’s stock valued at $25,706,000 after purchasing an additional 9,479 shares during the period. Morgan Stanley grew its position in SVB Financial Group by 24.2% in the 1st quarter. Morgan Stanley now owns 185,104 shares of the bank’s stock valued at $34,446,000 after purchasing an additional 36,113 shares during the period. AQR Capital Management LLC grew its position in SVB Financial Group by 82.4% in the 1st quarter. AQR Capital Management LLC now owns 48,519 shares of the bank’s stock valued at $9,029,000 after purchasing an additional 21,919 shares during the period. Driehaus Capital Management LLC grew its position in SVB Financial Group by 127.4% in the 1st quarter. Driehaus Capital Management LLC now owns 7,994 shares of the bank’s stock valued at $1,488,000 after purchasing an additional 4,478 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in SVB Financial Group by 11.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after purchasing an additional 90 shares during the period. 92.08% 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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