JPMorgan Chase & Co. Lowers SVB Financial Group (NASDAQ:SIVB) Price Target to $270.00

SVB Financial Group (NASDAQ:SIVB – Get Rating) had its target price dropped by research analysts at JPMorgan Chase & Co. from $300.00 to $270.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 154.62% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Maxim Group reduced their target price on shares of SVB Financial Group from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. Piper Sandler reduced their target price on shares of SVB Financial Group from $250.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com raised shares of SVB Financial Group to a “sell” rating in a research note on Monday, February 27th. Truist Financial lifted their price objective on shares of SVB Financial Group from $250.00 to $269.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Finally, DA Davidson reduced their price objective on shares of SVB Financial Group to $240.00 in a research note on Monday, December 12th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, SVB Financial Group has a consensus rating of “Hold” and a consensus target price of $348.47.

SVB Financial Group Stock Performance

SIVB opened at $106.04 on Thursday. The stock has a market capitalization of $6.28 billion, a PE ratio of 4.18, a PEG ratio of 1.78 and a beta of 1.57. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42. SVB Financial Group has a 1-year low of $39.40 and a 1-year high of $597.16. The firm has a 50-day moving average price of $275.93 and a two-hundred day moving average price of $284.63.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its earnings results on Thursday, January 19th. The bank reported $4.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($0.64). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. SVB Financial Group had a net margin of 22.05% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $6.22 EPS. As a group, equities analysts anticipate that SVB Financial Group will post 18.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gregory W. Becker sold 12,451 shares of SVB Financial Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the sale, the chief executive officer now directly owns 92,552 shares in the company, valued at $26,601,295.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gregory W. Becker sold 12,451 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.42, for a total transaction of $3,578,666.42. Following the transaction, the chief executive officer now directly owns 92,552 shares in the company, valued at $26,601,295.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Michelle Draper sold 2,414 shares of the business’s stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $215.61, for a total transaction of $520,482.54. Following the transaction, the chief marketing officer now owns 2,997 shares in the company, valued at $646,183.17. The disclosure for this sale can be found here. Insiders have sold 18,004 shares of company stock worth $5,016,701 over the last ninety days. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On SVB Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its holdings in SVB Financial Group by 11.6% during the second quarter. Moors & Cabot Inc. now owns 1,037 shares of the bank’s stock worth $410,000 after buying an additional 108 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of SVB Financial Group by 3.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,386 shares of the bank’s stock valued at $10,875,000 after purchasing an additional 1,054 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of SVB Financial Group by 28.9% in the third quarter. Toronto Dominion Bank now owns 34,919 shares of the bank’s stock valued at $11,722,000 after purchasing an additional 7,827 shares during the last quarter. LMR Partners LLP acquired a new position in shares of SVB Financial Group in the third quarter valued at $546,000. Finally, Forsta AP Fonden increased its holdings in shares of SVB Financial Group by 4.3% in the second quarter. Forsta AP Fonden now owns 9,800 shares of the bank’s stock valued at $3,871,000 after purchasing an additional 400 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

SVB Financial Group Company Profile

(Get Rating)

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