Eric Benhamou Sells 2,000 Shares of SVB Financial Group (SIVB) Stock

SVB Financial Group (NASDAQ:SIVB) Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $226.01, for a total transaction of $452,020.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SVB Financial Group (SIVB) opened at $228.66 on Thursday. The company has a market cap of $12,000.10, a PE ratio of 25.54, a P/E/G ratio of 2.18 and a beta of 1.62. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $236.18. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 EPS. equities analysts predict that SVB Financial Group will post 9.51 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SIVB. Raymond James Trust N.A. raised its stake in shares of SVB Financial Group by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after acquiring an additional 4 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SVB Financial Group by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after purchasing an additional 20 shares in the last quarter. Pacer Advisors Inc. increased its stake in SVB Financial Group by 9.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after purchasing an additional 87 shares in the last quarter. Utah Retirement Systems increased its stake in SVB Financial Group by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after purchasing an additional 100 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in SVB Financial Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after purchasing an additional 122 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and set a $245.00 price target on shares of SVB Financial Group in a research note on Friday, November 17th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Wells Fargo & Company restated an “outperform” rating and set a $240.00 target price (up previously from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the company a “hold” rating in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $216.21.

ILLEGAL ACTIVITY WARNING: “Eric Benhamou Sells 2,000 Shares of SVB Financial Group (SIVB) Stock” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/07/eric-benhamou-sells-2000-shares-of-svb-financial-group-sivb-stock.html.

SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply