SVB Monetary Group (NASDAQ:SIVB) shares hit a brand new 52-week excessive throughout mid-day buying and selling on Thursday . The corporate traded as excessive as $270.49 and final traded at $270.49, with a quantity of 6406 shares altering arms. The inventory had beforehand closed at $266.99.
SIVB has been the topic of numerous analysis reviews. Wells Fargo & Co elevated their goal worth on SVB Monetary Group from $240.00 to $255.00 and gave the corporate an “equal weight” score in a analysis report on Friday, January 24th. BidaskClub downgraded SVB Monetary Group from a “purchase” score to a “maintain” score in a analysis report on Wednesday, January eighth. Piper Jaffray Firms elevated their goal worth on SVB Monetary Group from $250.00 to $255.00 and gave the corporate an “chubby” score in a analysis report on Friday, October 25th. SunTrust Banks elevated their goal worth on SVB Monetary Group from $285.00 to $293.00 and gave the corporate a “purchase” score in a analysis report on Monday, January 27th. Lastly, ValuEngine upgraded SVB Monetary Group from a “promote” score to a “maintain” score in a analysis report on Thursday, January 16th. Eight funding analysts have rated the inventory with a maintain score and eleven have given a purchase score to the corporate’s inventory. SVB Monetary Group has a median score of “Purchase” and a median goal worth of $275.67.
The corporate has a market capitalization of $13.96 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.71 and a beta of two.24. The enterprise has a 50-day shifting common of $255.29 and a 200-day shifting common of $227.86. The corporate has a debt-to-equity ratio of 0.06, a present ratio of 0.67 and a fast ratio of 0.66.
SVB Monetary Group (NASDAQ:SIVB) final issued its quarterly earnings outcomes on Thursday, January 23rd. The financial institution reported $5.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.47. The corporate had income of $847.01 million in the course of the quarter, in comparison with the consensus estimate of $786.84 million. SVB Monetary Group had a return on fairness of 19.33% and a web margin of 32.20%. Throughout the identical interval final 12 months, the corporate earned $4.96 earnings per share. Promote-side analysts predict that SVB Monetary Group will publish 19.54 EPS for the present fiscal 12 months.
In associated information, CMO Michelle Draper bought 213 shares of the agency’s inventory in a transaction on Monday, February third. The inventory was bought at a median worth of $244.00, for a complete worth of $51,972.00. Following the completion of the sale, the chief advertising officer now straight owns 5,479 shares within the firm, valued at $1,336,876. The sale was disclosed in a submitting with the SEC, which will be accessed by means of this hyperlink. Additionally, CEO Gregory W. Becker bought 4,828 shares of the agency’s inventory in a transaction on Monday, December 2nd. The inventory was bought at a median worth of $233.48, for a complete worth of $1,127,241.44. The disclosure for this sale will be discovered right here. Over the past 90 days, insiders bought 16,028 shares of firm inventory valued at $3,913,959. 0.73% of the inventory is owned by company insiders.
Quite a lot of institutional buyers and hedge funds have just lately modified their holdings of SIVB. Envestnet Asset Administration Inc. lifted its place in SVB Monetary Group by 6.3% within the third quarter. Envestnet Asset Administration Inc. now owns 10,637 shares of the financial institution’s inventory value $2,223,00Zero after shopping for an extra 626 shares over the last quarter. Convergence Funding Companions LLC bought a brand new stake in SVB Monetary Group within the third quarter value $128,000. New York State Lecturers Retirement System elevated its stake in SVB Monetary Group by 1.3% within the third quarter. New York State Lecturers Retirement System now owns 80,951 shares of the financial institution’s inventory value $16,915,00Zero after buying an extra 1,051 shares in the course of the interval. Nice West Life Assurance Co. Can elevated its stake in SVB Monetary Group by 0.8% within the third quarter. Nice West Life Assurance Co. Can now owns 40,331 shares of the financial institution’s inventory value $8,431,00Zero after buying an extra 319 shares in the course of the interval. Lastly, Dupont Capital Administration Corp bought a brand new stake in SVB Monetary Group within the third quarter value $230,000. Institutional buyers personal 92.19% of the corporate’s inventory.
SVB Monetary Group Firm Profile (NASDAQ:SIVB)
SVB Monetary Group, a diversified monetary companies firm, offers varied banking and monetary services. The corporate operates by means of three segments: World Business Financial institution, SVB Personal Financial institution, and SVB Capital. The World Business Financial institution phase affords deposit merchandise, reminiscent of enterprise and evaluation checking, cash market, multi-currency, in-country financial institution, and sweep accounts, in addition to service provider, distant seize, lockbox, digital deposit seize, and fraud management companies; credit score services comprising time period loans, gear loans, asset-based loans, revolving strains of credit score, accounts-receivable-based strains of credit score, capital name strains of credit score, and bank cards; and fee and money administration services, together with wire switch and automatic clearing home fee, invoice pay, debit and bank cards, account evaluation, and disbursement, in addition to on-line and cellular banking companies.
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