Christopher Edmonds-Waters, an insider at SVB Financial Group (NASDAQ: SIVB), sold 127 shares of the company in a trade that took place on Monday, May 24. The shares were sold for an average price of $ 574.27, for a total transaction of $ 72,932.29. Following the closing of the sale, the insider now directly owns 2,827 shares of the company, valued at approximately $ 1,623,461.29. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this link.
SIVB stock traded at noon on Wednesday up to $ 10.97, reaching $ 579.51. 5,529 shares of the company were traded in the hands, against an average volume of 502,484. The company has a market cap of $ 31.48 billion, a price / earnings ratio of 18.75, a P / E ratio / G of 2.48 and a beta of 2.07. The company’s fifty-day average mobile price is $ 548.55, and its 200-day average mobile price is $ 466.73. The company has a quick ratio of 0.59, a current ratio of 0.59, and a debt ratio of 0.15. SVB Financial Group has a 52 week minimum of $ 195.11 and a 52 week high of $ 595.90.
SVB Financial Group (NASDAQ: SIVB) last reported its results on Thursday, April 22. The bank reported earnings per share (EPS) of $ 10.03 for the quarter, beating the Thomson Reuters consensus estimate of $ 6.94 by $ 3.09. SVB Financial Group had a net margin of 34.63% and a return on equity of 20.13%. The company posted revenue of $ 1.40 billion in the quarter, compared to analysts’ estimates of $ 1.18 billion. In the same quarter of the previous year, the company posted EPS of $ 2.55. The company’s revenue increased 69.9% compared to the same quarter last year. Analysts expect SVB Financial Group to post earnings per share of 28.24 for the current year.
Large investors recently changed their holdings of stocks. SOA Wealth Advisors LLC. bought a new position in shares of SVB Financial Group in the 4th quarter for a value of approximately $ 26,000. Logan Capital Management Inc. acquired a new position in shares of SVB Financial Group in the first quarter valued at approximately $ 30,000. Abundance Wealth Counselors acquired a new position in SVB Financial Group during the first quarter valued at approximately $ 31,000. Veriti Management LLC acquired a new position in SVB Financial Group during the fourth quarter valued at approximately $ 29,000. Finally, IronBridge Private Wealth LLC acquired a new position in shares of SVB Financial Group in the fourth quarter for a value of approximately $ 29,000. 85.66% of the stock is currently held by institutional investors.
Several equity research analysts commented on the stock. Truist raised its target price on SVB Financial Group shares from $ 605.00 to $ 625.00 in a research note on Monday, April 26. 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. Royal Bank of Canada raised its price target on SVB Financial Group shares from $ 560.00 to $ 590.00 and assigned the company an “outperformance” rating in a research note on Thursday April 29. Piper Sandler raised her price target on SVB Financial Group shares from $ 600.00 to $ 650.00 and gave the company an “overweight” rating in a research note on Monday, May 17. Finally, Janney Montgomery Scott revalued SVB Financial Group shares from a “neutral” rating to a “buy” rating and set a price target of $ 600.00 for the company in a research note on Friday. April 23. Seven analysts rated the stock with a sustaining rating and eight gave the stock a buy rating. The stock has a consensus rating of “Buy” and an average price target of $ 566.60.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, offers various 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, in-country multi-currency, banking and scanning accounts, as well as merchant, remote capture, lockbox, electronic filing capture and fraud control; credit solutions comprising term loans, equipment and asset-based 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 wire transfers and automated clearing house payments, bill payments, debit and credit cards, account analysis and disbursements, as well as online and mobile banking.
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7 things to watch out for when student debt forgiveness is adopted
Now that the Biden administration is fully in the driver’s seat, student debt cancellation has come to the fore. Consider these numbers. Student debt is estimated at $ 1.7 trillion. The average student carries around $ 30,000 in student loans.
If $ 10,000 in student debt were to be forgiven, it is estimated that one-third of borrowers (between $ 15 million and $ 16.3 million) would become debt-free. Of course, if the number reaches $ 50,000, as some lawmakers suggest, the impact would be even greater.
Putting aside personal reflections on the wisdom of going this route, it has the potential to trigger a substantial stimulus in the economy.
And as an investor, it’s fair to ask where this money would go. After all, there is nothing wrong with passing this stimulus on to investors.
A counter-argument is that the absence of a monthly payment may not provide enough money to have an impact. However, Senator Elizabeth Warren spoke about the effect of student loans in preventing many generations of millennials and millennials from pursuing holistic life goals such as buying a home, creating a business or the creation of a family.
With that in mind, we’ve prepared this special presentation that looks at 7 actions that could benefit if borrowers are freed from the burden of student loans.
See “7 Actions to Watch Out for When Enacted Student Debt Forgiveness.”