SVB Financial Group (NASDAQ: SIVB) insider Michael Descheneaux sold 4,012 shares of the company in a trade on Monday, June 14. The shares were sold at an average price of $ 557.13, for a total transaction of $ 2,235,205.56. Following the closing of the transaction, the insider now directly owns 20,680 shares of the company, valued at $ 11,521,448.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ: SIVB shares traded up $ 16.83 in Wednesday’s session, reaching $ 567.06. The stock had a trade volume of 551,744 shares, compared to an average volume of 484,108. SVB Financial Group has a one-year low of $ 199.70 and a one-year high of $ 608.84. The company has a market cap of $ 30.80 billion, a P / E ratio of 18.70, a P / E / G ratio of 2.44 and a beta of 2.06. The company has a debt ratio of 0.15, a current ratio of 0.59, and a rapid ratio of 0.59. The stock has a 50-day moving average of $ 560.84.
SVB Financial Group (NASDAQ: SIVB) last released its quarterly results on Thursday, April 22. The bank reported earnings per share of $ 10.03 for the quarter, beating analyst consensus estimates of $ 6.94 from $ 3.09. SVB Financial Group generated a net margin of 34.63% and a return on equity of 20.13%. The company posted revenue of $ 1.40 billion for the quarter, compared to analysts’ expectations of $ 1.18 billion. During the same period last year, the company earned $ 2.55 per share. The company’s revenue increased 69.9% compared to the same quarter last year. As a group, analysts predict that SVB Financial Group will post 28.81 earnings per share for the current year.
The SIVB has been the subject of several analyst reports. Piper Sandler raised her price target for SVB Financial Group shares from $ 600.00 to $ 650.00 and rated the company as “overweight” in a report released on Tuesday, May 11. Zacks investment research downgrades SVB Financial Group shares from a “strong buy” rating to a “hold” rating and has set a price target of $ 547.00 on the stock. in a research report on Tuesday, March 23. Maxim Group raised its price target on SVB Financial Group shares from $ 600.00 to $ 700.00 in a research report on Monday April 26. JPMorgan Chase & Co. raised its price target on SVB Financial Group shares from $ 650.00 to $ 725.00 in a research report released on Friday, April 23. Finally, the Royal Bank of Canada raised its price target on SVB Financial Group shares from $ 560.00 to $ 590.00 and gave the company an “outperformance” rating in a research report on Friday 23rd. April. Six research analysts rated the stock with a conservation rating and eight issued a buy rating for the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $ 566.60.
Institutional investors and hedge funds recently bought and sold shares in the company. SOA Wealth Advisors LLC. acquired a new stake in SVB Financial Group in the 4th quarter for a value of $ 26,000. Logan Capital Management Inc. acquired a new stake in SVB Financial Group during the 1st quarter for a value of $ 30,000. Abundance Wealth Counselors acquired a new stake in SVB Financial Group during the 1st quarter for a value of $ 31,000. Veriti Management LLC acquired a new stake in SVB Financial Group during the 4th quarter valued at $ 29,000. Finally, IronBridge Private Wealth LLC acquired a new position in shares of SVB Financial Group during the 4th quarter valued at approximately $ 29,000. 90.00% of the capital is held by institutional investors.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, offers a variety of banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment offers deposit products, such as business verification and analysis, money market, multi-currency accounts, in-country banking and scanning accounts, as well as merchant, remote capture, safe, electronic deposit capture and fraud control. ; credit solutions including term loans, equipment and asset loans, revolving lines of credit and credit card programs, as well as mezzanine loans, acquisition finance and working capital facilities ‘business ; and payment and cash management products and services, including bank transfers and automated clearing house payments, bill payments, debit and credit cards, account analysis and disbursements, as well as online and mobile banking.
Featured Story: Diluted Earnings Per Share
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is the Dow Jones Industrial Average (DJIA)?
7 Eternal Stocks That Are Never Bad To Buy
Investors thought 2021 would be a less volatile year. This story encountered some problems. Of course, all the major indices are up for the year. And this, despite the dizzying 10% drop of the NASDAQ in March.
But many investors don’t really want to celebrate. In fact, many are worried about the liquidity that continues to flow into the stock market. In 2020, the pandemic inundated the economy with $ 6 trillion in stimulus packages.
However, in recent months, the Federal Reserve has injected an additional $ 6 trillion into the economy. We would have stopped counting, but the math is pretty easy. That’s $ 12.3 trillion that poured into the economy.
Ultimately, it will end badly. But timing the market is a flawed science, especially when many investors are enjoying the game.
Fortunately, there is a way to protect your portfolio without giving up stocks. It has to do with investing in stocks forever. Eternal actions are not magic beans. They don’t go up forever. But these are actions that have stood the test of time. And investing in these stocks will keep your portfolio in the right direction.
With that in mind, we’ve prepared this special presentation that showcases seven of these Forever Actions. These are all stocks that are household names, but that’s kind of the point. You don’t need any special knowledge. It suffices to recognize that these are companies that consistently do the right thing for their shareholders.
Check out the “7 Eternal Stocks That Are Never Bad To Buy”.