Analysts Set SVB Financial Group (NASDAQ:SIVB) Target Price at $644.12

Shares of SVB Financial Group (NASDAQ:SIVB) have earned a consensus recommendation of “Buy” from the seventeen research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $644.12.

Several research firms recently weighed in on SIVB. Keefe, Bruyette & Woods upgraded shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $700.00 price objective on the stock in a research note on Tuesday, September 7th. Truist Securities reaffirmed a “buy” rating and issued a $559.09 price objective on shares of SVB Financial Group in a research note on Monday, July 26th. Truist increased their target price on shares of SVB Financial Group from $625.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, July 26th. Zacks Investment Research downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating and set a $600.00 price target on the stock. in a report on Wednesday, June 23rd. Finally, Maxim Group raised their price target on shares of SVB Financial Group from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Monday, July 26th.

Shares of SIVB opened at $584.44 on Friday. The stock’s 50 day moving average is $569.49 and its two-hundred day moving average is $553.72. The firm has a market capitalization of $32.98 billion, a PE ratio of 16.70, a P/E/G ratio of 2.39 and a beta of 2.04. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. SVB Financial Group has a twelve month low of $221.55 and a twelve month high of $608.84.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 22nd. The bank reported $9.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.48 by $2.61. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.14 billion. SVB Financial Group had a return on equity of 21.67% and a net margin of 35.74%. SVB Financial Group’s revenue was up 68.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.42 EPS. On average, sell-side analysts predict that SVB Financial Group will post 30.94 EPS for the current year.

In other SVB Financial Group news, Director Garen K. Staglin acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 22nd. The stock was acquired at an average price of $553.94 per share, for a total transaction of $276,970.00. Following the acquisition, the director now directly owns 13,180 shares in the company, valued at $7,300,929.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Michelle Draper sold 172 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $562.25, for a total transaction of $96,707.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 1,500 shares of company stock worth $852,500 and sold 19,103 shares worth $11,139,859. Corporate insiders own 0.68% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in SVB Financial Group by 103.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,428,967 shares of the bank’s stock valued at $1,351,549,000 after acquiring an additional 1,235,927 shares during the period. Amundi purchased a new position in shares of SVB Financial Group during the second quarter worth about $199,823,000. Macquarie Group Ltd. grew its holdings in shares of SVB Financial Group by 1,057.8% during the second quarter. Macquarie Group Ltd. now owns 349,276 shares of the bank’s stock worth $194,347,000 after purchasing an additional 319,110 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of SVB Financial Group by 107.0% during the first quarter. Artisan Partners Limited Partnership now owns 601,177 shares of the bank’s stock worth $296,777,000 after purchasing an additional 310,820 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in SVB Financial Group by 4.9% in the second quarter. BlackRock Inc. now owns 4,619,718 shares of the bank’s stock worth $2,570,549,000 after buying an additional 215,375 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

SVB Financial Group Company Profile

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 comprises of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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