SVB Financial Group (NASDAQ:SIVB) had its price target increased by investment analysts at Wells Fargo & Co from $335.00 to $345.00 in a report released on Friday, July 27th. The brokerage currently has an “outperform” rating on the bank’s stock. Wells Fargo & Co’s price objective points to a potential upside of 8.92% from the stock’s current price.

Several other equities research analysts have also issued reports on SIVB. JMP Securities lifted their price target on SVB Financial Group from $345.00 to $385.00 and gave the stock a “market outperform” rating in a research note on Friday, July 27th. Morgan Stanley increased their target price on shares of SVB Financial Group from $280.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, April 30th. BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 30th. SunTrust Banks increased their target price on shares of SVB Financial Group to $335.00 and gave the stock a “buy” rating in a report on Monday, April 30th. Finally, ValuEngine upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $352.94.

SVB Financial Group traded down $2.25, reaching $316.75, during mid-day trading on Friday, Marketbeat reports. 297,135 shares of the company’s stock were exchanged, compared to its average volume of 485,919. The firm has a market capitalization of $16.98 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. SVB Financial Group has a one year low of $159.44 and a one year high of $333.74. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $4.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.56. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The firm had revenue of $659.10 million during the quarter, compared to analyst estimates of $612.75 million. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’s revenue was up 39.9% compared to the same quarter last year. analysts predict that SVB Financial Group will post 17.19 EPS for the current fiscal year.

In other SVB Financial Group news, insider Gregory W. Becker sold 12,872 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $310.97, for a total value of $4,002,805.84. Following the completion of the sale, the insider now directly owns 18,039 shares of the company’s stock, valued at $5,609,587.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory W. Becker sold 7,000 shares of SVB Financial Group stock in a transaction on Monday, August 6th. The shares were sold at an average price of $325.40, for a total value of $2,277,800.00. The disclosure for this sale can be found here. Insiders sold 21,109 shares of company stock valued at $6,664,724 over the last three months. Company insiders own 0.74% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of SVB Financial Group by 4.0% in the 2nd quarter. CIBC Asset Management Inc now owns 4,829 shares of the bank’s stock worth $1,394,000 after acquiring an additional 187 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of SVB Financial Group by 2.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,252 shares of the bank’s stock worth $1,741,000 after acquiring an additional 189 shares during the last quarter. Middleton & Co Inc MA lifted its holdings in shares of SVB Financial Group by 2.3% in the 2nd quarter. Middleton & Co Inc MA now owns 8,436 shares of the bank’s stock worth $2,436,000 after acquiring an additional 191 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of SVB Financial Group by 10.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,551 shares of the bank’s stock worth $612,000 after acquiring an additional 235 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of SVB Financial Group by 3.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 7,809 shares of the bank’s stock worth $2,255,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 89.87% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

Read More: Trading Strategy Methods and Types

Analyst Recommendations 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.