The stock of SVB Financial Group (NASDAQ:SIVB) is a huge mover today! About 554,731 shares traded hands or 32.74% up from the average. SVB Financial Group (NASDAQ:SIVB) has risen 15.86% since March 2, 2016 and is uptrending. It has outperformed by 7.61% the S&P500.
The move comes after 5 months positive chart setup for the $6.35 billion company. It was reported on Oct, 5 by Barchart.com. We have $174.09 PT which if reached, will make NASDAQ:SIVB worth $2.98 billion more.
Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on October, 27. They expect $1.74 EPS, up 10.83% or $0.17 from last year’s $1.57 per share. SIVB’s profit will be $93.30M for 17.02 P/E if the $1.74 EPS becomes a reality. After $1.78 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts -2.25% negative EPS growth.
SVB Financial Group (NASDAQ:SIVB) Ratings Coverage
Out of 8 analysts covering SVB Financial Group (NASDAQ:SIVB), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. SVB Financial Group has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Friday, January 22 by Piper Jaffray. DA Davidson downgraded SVB Financial Group (NASDAQ:SIVB) on Friday, July 22 to “Neutral” rating. As per Thursday, March 24, the company rating was maintained by Barclays Capital. The firm has “Mkt Outperform” rating given on Friday, September 16 by JMP Securities. Wood maintained SVB Financial Group (NASDAQ:SIVB) on Friday, May 27 with “Outperform” rating. Morgan Stanley upgraded it to “Overweight” rating and $152 target price in Wednesday, November 11 report. The firm earned “Hold” rating on Monday, August 31 by Zacks. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Overweight” rating by Barclays Capital on Friday, October 9. The rating was upgraded by DA Davidson to “Buy” on Friday, August 28. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 22 report.
According to Zacks Investment Research, “SVB Financial Group is an international financial services holding company serving the technology, life science, private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank, SVB Capital, SVB Global Financial Services, SVB Alliant, SVB Securities, SVB Asset Management, SVB India Advisors, SVB Europe Advisors.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.08, from 1.15 in 2016Q1. The ratio worsened, as 45 funds sold all SVB Financial Group shares owned while 105 reduced positions. 38 funds bought stakes while 123 increased positions. They now own 47.12 million shares or 1.59% less from 47.89 million shares in 2016Q1.
Moreover, Susquehanna Llp has 0% invested in SVB Financial Group (NASDAQ:SIVB) for 42,288 shares. New York State Common Retirement Fund accumulated 0.02% or 141,225 shares. Gilder Gagnon Howe And Ltd Limited Liability Company last reported 0.04% of its portfolio in the stock. Checchi Capital Advisers Limited Liability Com holds 419 shares or 0% of its portfolio. Paloma Partners holds 0% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 2,123 shares. Prudential Financial Inc, a New Jersey-based fund reported 55,759 shares. The New York-based Summit Secs Grp Inc Ltd Liability has invested 0.25% in SVB Financial Group (NASDAQ:SIVB). Baldwin Brothers Ma last reported 31,955 shares in the company. Tompkins last reported 0% of its portfolio in the stock. Fincl Gru holds 0.02% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 2,217 shares. New York State Teachers Retirement owns 94,226 shares or 0.02% of their US portfolio. Emerald Mutual Fund Advisers Tru accumulated 116,809 shares or 0.62% of the stock. Brant Point Investment Limited Liability Corp, a New York-based fund reported 20,700 shares. Blackrock Fund Advisors last reported 0.04% of its portfolio in the stock. Blackrock Institutional Trust Company Na accumulated 0.02% or 1.54M shares.
Insider Transactions: Since April 14, 2016, the stock had 0 buys, and 7 selling transactions for $1.95 million net activity. Descheneaux Michael also sold $864,670 worth of SVB Financial Group (NASDAQ:SIVB) shares. BENHAMOU ERIC also sold $150,150 worth of SVB Financial Group (NASDAQ:SIVB) on Wednesday, June 1. The insider China John sold 645 shares worth $70,950. Cox Philip C sold $52,443 worth of stock. 3,400 shares were sold by Wallace Bruce, worth $357,610.
More important recent SVB Financial Group (NASDAQ:SIVB) news were published by: Fool.com which released: “Why SVB Financial Group Dropped 10% on Friday” on June 27, 2016, also Fool.com published article titled: “Why SVB Financial Group Shares Jumped 11% in August”, Fool.com published: “Why SVB Financial Group Is Unique” on December 16, 2015. More interesting news about SVB Financial Group (NASDAQ:SIVB) was released by: Seekingalpha.com and their article: “SVB Financial’s (SIVB) CEO Greg Becker on Q1 2016 Results – Earnings Call …” with publication date: April 21, 2016.
SIVB Company Profile
SVB Financial Group (SVB Financial), incorporated on March 22, 1999, is a diversified financial services, bank holding and financial holding company. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial services and products to clients across the United States, as well as in international entrepreneurial markets. The Firm offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
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