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 $518.99, close to its 52-week high of $577.06.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 17.2% and a 67.9% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and JPMorgan Chase & Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Svb Financial Group with a $560.67 average price target, a 5.4% upside from current levels. In a report issued on April 7, Barclays also maintained a Hold rating on the stock with a $550.00 price target.
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Svb Financial Group’s market cap is currently $28.5B and has a P/E ratio of 22.70. The company has a Price to Book ratio of 3.65.
Based on the recent corporate insider activity of 94 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.