SVB Financial Group (NASDAQ:SIVB) Upgraded at Oppenheimer

SVB Financial Group (NASDAQ:SIVBGet Rating) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Tuesday, The Fly reports.

Several other brokerages also recently weighed in on SIVB. Wells Fargo & Company cut their price target on SVB Financial Group from $900.00 to $810.00 and set an “overweight” rating for the company in a report on Monday, March 21st. Janney Montgomery Scott raised shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 price objective for the company in a research note on Friday, April 22nd. Barclays boosted their price objective on shares of SVB Financial Group from $755.00 to $789.00 and gave the company an “equal weight” rating in a research note on Monday, January 3rd. Stephens lowered their price objective on shares of SVB Financial Group from $790.00 to $700.00 in a research note on Monday, January 24th. Finally, Piper Sandler lowered their price objective on shares of SVB Financial Group from $725.00 to $700.00 and set an “overweight” rating for the company in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $760.71.

Shares of SVB Financial Group stock opened at $497.67 on Tuesday. The business has a 50 day moving average price of $542.88 and a 200 day moving average price of $634.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.46 and a quick ratio of 0.44. The company has a market capitalization of $29.27 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.75 and a beta of 1.80. SVB Financial Group has a 1 year low of $479.10 and a 1 year high of $763.22.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.58 by $2.34. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.45 billion. SVB Financial Group had a return on equity of 15.59% and a net margin of 28.80%. SVB Financial Group’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $10.03 EPS. As a group, research analysts expect that SVB Financial Group will post 34.89 EPS for the current fiscal year.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,851 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $595.08, for a total value of $2,291,653.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Descheneaux sold 1,975 shares of the company’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $611.55, for a total transaction of $1,207,811.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,995 shares of company stock valued at $5,387,559. 0.62% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of SIVB. SG Americas Securities LLC raised its stake in shares of SVB Financial Group by 34.9% in the 3rd quarter. SG Americas Securities LLC now owns 2,174 shares of the bank’s stock valued at $1,406,000 after purchasing an additional 563 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of SVB Financial Group in the 3rd quarter valued at about $373,000. Daiwa Securities Group Inc. raised its stake in shares of SVB Financial Group by 6.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,768 shares of the bank’s stock valued at $3,084,000 after purchasing an additional 307 shares in the last quarter. AIA Group Ltd raised its stake in shares of SVB Financial Group by 41.0% in the 3rd quarter. AIA Group Ltd now owns 653 shares of the bank’s stock valued at $422,000 after purchasing an additional 190 shares in the last quarter. Finally, EagleClaw Capital Managment LLC raised its stake in shares of SVB Financial Group by 0.7% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 3,371 shares of the bank’s stock valued at $2,180,000 after purchasing an additional 22 shares in the last quarter. 88.80% of the stock is owned by institutional investors.

About SVB Financial Group (Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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