SVB Financial Group (NASDAQ:SIVB) shares fall after analyst downgrade


Wells Fargo & Company lowered its price target for shares of SVB Financial Group (NASDAQ: SIVB) from $450.00 to $400.00, bringing the total value of its price target down to $100. Consequently, the value of SVB Financial Group shares fell significantly just before the market opened on Friday. The company’s share price started the day at $246.20 and ended at $302.46. Wells Fargo & Company currently has an overweight rating on the stock, indicating that it believes its price will rise. The most recent price at which shares of SVB Financial Group traded was $248.42, and total trading volume involved 28,902 shares.

Additionally, a variety of research experts from various fields weighed in with their thoughts on the company. UBS Group lowered SVB Financial Group’s price target from $625.00 to $430.00 in a research report published Wednesday, July 27 and gave the company a “neutral” rating in a research report released Wednesday, July 27. In a report on Friday, Wedbush said it had lowered its price target on SVB Financial Group from $385.00 to $275.00. The report has been made available to the public. TheStreet has lowered its previous rating of “b-” for SVB Financial Group, which it gave in a research report published on September 29, to “c+”. Jefferies Financial Group lowered its price target on SVB Financial Group shares from $534.00 to $498.00 in a report released Monday, July 11. The report was released in conjunction with the company’s announcement that it would release that day. In a research note published Oct. 5, Morgan Stanley lowered its price target for SVB Financial Group from $493.00 to $351.00, downgrading the company from “overweight” to “equal weight.” The stock was recommended sell by one of the equity research analysts, a recommendation to hold by eleven and a buy rating by ten. The company’s current price target is $457.14 and the average stock rating is “Hold”. The data used to calculate the target price comes from Bloomberg.com.
Recent transactions have shown increases and decreases in the percentage of SIVB ownership held by institutions. These changes can be attributed to a variety of factors. During the second quarter, Urban Wealth Management LLC increased its stake in SVB Financial Group by investing approximately $26,000. During the second quarter, First Horizon Advisors Inc. increased its stake in the shares of SVB Financial Group by 200%. First Horizon Advisors Inc. now owns 72 shares of the bank after buying 48 shares in the last quarter. Based on the current share price, First Horizon Advisors Inc.’s holdings are estimated at $27,000. TCI Wealth Advisors Inc. acquired an additional 52.0% of SVB Financial Group during the second quarter of the current fiscal year. Following the purchase of 26 additional shares during the above period, TCI Wealth Advisors Inc. now owns 76 shares of the bank, which have a combined value of $30. This brings the total number of shares held by the company to 76. The value of CVA Family Office LLC’s holdings in SVB Financial Group increased by 140.0% in the first three months of 2018. During the last quarter, CVA Family Office LLC acquired an additional 35 shares of the bank, bringing the total number of shares held by the company to 60, worth $34,000. This brought the total number of shares held by the company since its founding to a total of $34,000.
Finally, Valley National Advisers Inc. increased its stake in SVB Financial Group by 73.0% during the first three months of the year. This should certainly not be considered the least important development. The bank now owns 64 shares of the bank, which are currently valued at a combined total of $36,000. This comes from the purchase during the last quarter of 27 additional shares of the bank. Additionally, institutional investors and hedge funds hold 91.48% of the company’s shares, making it the majority shareholder.
The company’s simple moving average for the last fifty days is $380.63, and the simple moving average for the last 200 days is $426.13. This value is equivalent to a debt ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. All these ratios are expressed by a value of 0.46. The company has a market size of $14.86 billion, a price-to-earnings ratio of 9.45, a growth price-to-earnings ratio of 1.48, and a beta of 1.73. Moreover, the market capitalization of the company is several billion dollars. Therefore, all these ratios are relevant to the total market capitalization of the company.

On Thursday, October 20, SVB Financial Group (NASDAQ: SIVB) released the results of its latest financial report covering the previous quarter. The bank said its earnings per share for the reporting period were $7.21, $0.26 higher than the consensus estimate of $6.95. Analyst estimates for the company’s quarterly sales ranged from $1.64 billion to $1.56 billion. Analysts provided this range of estimates. SVB Financial Group’s return on equity was 13.43%, while the company’s net margin was 25.58%. Compared to the previous year, the company’s turnover increased by 2.2%. During the same period a year earlier, the company generated earnings per share totaling $7.26. The consensus among industry analysts is that SVB Financial Group will report earnings of 28.3 cents per share for the current fiscal year.

The SVB Financial Group is a global organization that offers monetary services and offers its customers a wide variety of banking and financial goods and services. The SVB Financial Group was founded in 1852 and is headquartered in San Francisco, California. SVB Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Securities are the four divisions that make up the company thus organized. Through the bank’s Global Commercial Bank, you can obtain credit, cash management, foreign exchange, trade finance, and a wide range of other financial goods and services.

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