SVB Financial Group (NASDAQ:SIVB) insider Christopher Edmonds-Waters sold 204 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $256.01, for a total value of $52,226.04. Following the completion of the sale, the insider now directly owns 3,494 shares in the company, valued at $894,498.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Christopher Edmonds-Waters also recently made the following trade(s):
- On Wednesday, May 1st, Christopher Edmonds-Waters sold 590 shares of SVB Financial Group stock. The stock was sold at an average price of $251.10, for a total value of $148,149.00.
- On Thursday, February 14th, Christopher Edmonds-Waters sold 3,669 shares of SVB Financial Group stock. The stock was sold at an average price of $242.39, for a total value of $889,328.91.
NASDAQ:SIVB opened at $251.35 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $13.23 billion, a PE ratio of 13.79, a P/E/G ratio of 1.70 and a beta of 2.03. SVB Financial Group has a one year low of $177.70 and a one year high of $333.74.
Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in SVB Financial Group in the 4th quarter worth $89,402,000. Deutsche Bank AG increased its stake in SVB Financial Group by 74.9% in the 4th quarter. Deutsche Bank AG now owns 526,495 shares of the bank’s stock worth $99,983,000 after buying an additional 225,422 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in SVB Financial Group in the 4th quarter worth $40,464,000. CI Investments Inc. purchased a new stake in SVB Financial Group in the 4th quarter worth $39,902,000. Finally, Assenagon Asset Management S.A. purchased a new stake in SVB Financial Group in the 4th quarter worth $30,385,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
A number of analysts have recently commented on SIVB shares. 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. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $242.00 price objective on the stock in a research report on Tuesday, January 15th. SunTrust Banks upped their price objective on SVB Financial Group to $280.00 and gave the company a “buy” rating in a research report on Monday, January 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $291.00 target price on shares of SVB Financial Group and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, Maxim Group decreased their target price on shares of SVB Financial Group to $325.00 and set a “buy” rating for the company in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $309.60.
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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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