In a report released yesterday, Chris Kotowski from Oppenheimer assigned a Hold rating to Svb Financial Group (SIVB). The company’s shares closed last Friday at $345.91, close to its 52-week high of $349.45.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 6.6% and a 62.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, JPMorgan Chase & Co., and New Mountain Finance.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Svb Financial Group with a $312.90 average price target, a -7.1% downside from current levels. In a report issued on November 6, Stephens also initiated coverage with a Hold rating on the stock with a $330.00 price target.
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The company has a one-year high of $349.45 and a one-year low of $127.39. Currently, Svb Financial Group has an average volume of 330.4K.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SIVB in relation to earlier this year.
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SVB Financial Group is a financial, and bank holding company, which engages in the provision of banking, and financial products and services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment is comprised of results primarily from the commercial bank, private equity division, SVB wine, SVB analytics, and the debt fund investments. The SVB Private segment is the private banking division, which provides a range of personal financial solutions for consumers. The SVB Capital segment is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The company was founded in Robert Medearis and Bill Biggerstaff 1983 and is headquartered in Santa Clara, CA.
