SVB Financial Group (NASDAQ:SIVB) Downgraded to “Peer Perform” at Wolfe Research

SVB Financial Group (NASDAQ:SIVB – Get Rating) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Friday, The Fly reports.

A number of other equities research analysts also recently weighed in on SIVB. Maxim Group lowered their price target on SVB Financial Group from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, January 23rd. Wedbush lowered their price target on SVB Financial Group from $250.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday. Raymond James raised their price target on SVB Financial Group from $285.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Morgan Stanley raised their price target on SVB Financial Group from $186.00 to $190.00 and gave the company an “underweight” rating in a research report on Thursday, December 15th. Finally, Barclays lowered their price target on SVB Financial Group from $411.00 to $308.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 3rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, SVB Financial Group currently has an average rating of “Hold” and an average price target of $348.47.

SVB Financial Group Trading Down 62.8 %

Shares of SIVB stock opened at $39.40 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.48. SVB Financial Group has a 52-week low of $39.40 and a 52-week high of $597.16. The company has a market capitalization of $2.33 billion, a PE ratio of 1.55 and a beta of 1.57. The business’s fifty day moving average is $275.93 and its 200 day moving average is $283.67.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The bank reported $4.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.26 by ($0.64). SVB Financial Group had a return on equity of 13.02% and a net margin of 22.05%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business posted $6.22 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that SVB Financial Group will post 17.76 EPS for the current fiscal year.

Insider Buying and Selling

In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Beverly Kay Matthews acquired 1,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was bought at an average price of $232.06 per share, with a total value of $232,060.00. Following the completion of the acquisition, the director now directly owns 2,374 shares of the company’s stock, valued at $550,910.44. The disclosure for this purchase can be found here. Insiders have sold 18,004 shares of company stock valued at $5,016,701 over the last ninety days. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On SVB Financial Group

Several large investors have recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in shares of SVB Financial Group by 1.7% during the fourth quarter. Voya Investment Management LLC now owns 31,506 shares of the bank’s stock valued at $7,251,000 after purchasing an additional 513 shares during the last quarter. Natixis lifted its holdings in shares of SVB Financial Group by 81.4% during the fourth quarter. Natixis now owns 6,598 shares of the bank’s stock valued at $1,518,000 after purchasing an additional 2,960 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of SVB Financial Group by 9.5% during the fourth quarter. Macquarie Group Ltd. now owns 3,179 shares of the bank’s stock valued at $732,000 after purchasing an additional 276 shares during the last quarter. Graphene Investments SAS purchased a new position in shares of SVB Financial Group during the fourth quarter valued at approximately $2,900,000. Finally, National Pension Service lifted its holdings in shares of SVB Financial Group by 24.6% during the fourth quarter. National Pension Service now owns 100,795 shares of the bank’s stock valued at $23,197,000 after purchasing an additional 19,884 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

About SVB Financial Group

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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.