SVB Financial Group (NASDAQ:SIVB) CMO Michelle Draper Sells 790 Shares of Stock

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SVB Financial Group (NASDAQ:SIVBGet Rating) CMO Michelle Draper sold 790 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $505.56, for a total transaction of $399,392.40. Following the completion of the transaction, the chief marketing officer now owns 3,279 shares in the company, valued at $1,657,731.24. The sale was disclosed in a filing with the SEC, which is available through this link.

Michelle Draper also recently made the following trade(s):

  • On Thursday, May 5th, Michelle Draper sold 50 shares of SVB Financial Group stock. The stock was sold at an average price of $524.79, for a total transaction of $26,239.50.
  • On Tuesday, March 1st, Michelle Draper sold 269 shares of SVB Financial Group stock. The stock was sold at an average price of $603.58, for a total transaction of $162,363.02.

Shares of SVB Financial Group stock opened at $513.37 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 12-month low of $479.10 and a 12-month high of $763.22. The firm has a market capitalization of $30.19 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.78 and a beta of 1.80. The firm’s 50 day simple moving average is $538.30 and its two-hundred day simple moving average is $631.73.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.58 by $2.34. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.45 billion. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.59%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.03 earnings per share. On average, sell-side analysts predict that SVB Financial Group will post 34.89 EPS for the current fiscal year.

A number of brokerages have commented on SIVB. Truist Financial dropped their target price on shares of SVB Financial Group from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Monday, April 25th. Odeon Capital Group cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. Oppenheimer raised shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $702.00 price target for the company in a research report on Tuesday. cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Morgan Stanley lowered their price target on shares of SVB Financial Group from $935.00 to $769.00 and set an “overweight” rating for the company in a research report on Monday, March 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, SVB Financial Group presently has a consensus rating of “Buy” and an average price target of $746.53.

Several large investors have recently added to or reduced their stakes in the company. First Foundation Advisors increased its stake in shares of SVB Financial Group by 44.1% in the first quarter. First Foundation Advisors now owns 542 shares of the bank’s stock worth $303,000 after acquiring an additional 166 shares during the period. EFG Asset Management Americas Corp. increased its stake in shares of SVB Financial Group by 89.4% in the first quarter. EFG Asset Management Americas Corp. now owns 11,924 shares of the bank’s stock worth $6,683,000 after acquiring an additional 5,627 shares during the period. AMF Tjanstepension AB increased its stake in shares of SVB Financial Group by 174.4% in the first quarter. AMF Tjanstepension AB now owns 67,943 shares of the bank’s stock worth $38,011,000 after acquiring an additional 43,181 shares during the period. LA Financiere DE L Echiquier acquired a new stake in shares of SVB Financial Group in the first quarter worth $18,350,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of SVB Financial Group by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 23,099 shares of the bank’s stock worth $12,923,000 after acquiring an additional 406 shares during the period. Hedge funds and other institutional investors own 88.80% of the company’s stock.

SVB Financial Group Company Profile (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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