In a report released yesterday, Chris Kotowski from Oppenheimer assigned a Hold rating to Svb Financial Group (SIVB). The company’s shares closed last Thursday at $431.34.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 11.6% and a 66.4% 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 $398.50 average price target, a -5.8% downside from current levels. In a report issued on January 4, Wells Fargo also upgraded the stock to Hold with a $325.00 price target.
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Svb Financial Group’s market cap is currently $20.09B and has a P/E ratio of 18.90. The company has a Price to Book ratio of 2.76.
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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.
