In a report issued on April 1, Chris Kotowski from Oppenheimer maintained a Hold rating on Svb Financial Group (SIVB). The company’s shares closed last Wednesday at $579.71, close to its 52-week high of $595.90.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 18.9% and a 69.3% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and JPMorgan Chase & Co.
Currently, the analyst consensus on Svb Financial Group is a Moderate Buy with an average price target of $608.40, representing a 6.8% upside. In a report issued on March 18, Morgan Stanley also maintained a Hold rating on the stock with a $510.00 price target.
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Svb Financial Group’s market cap is currently $31.49B and has a P/E ratio of 19.10. The company has a Price to Book ratio of 3.66.
Based on the recent corporate insider activity of 83 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. Most recently, in February 2021, Michelle Draper, the CMO of SIVB sold 2,684 shares for a total of $1,252,112.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
California-based SVB Financial Group is a diversified financial services company, which provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink.