The stock of SVB Financial Group (NASDAQ:SIVB) reached all time high today, Nov, 22 and still has $167.82 target or 9.00% above today’s $153.96 share price. This indicates more upside for the $8.14 billion company. This technical setup was reported by Barchart.com. If the $167.82 PT is reached, the company will be worth $732.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 336,069 shares traded hands. SVB Financial Group (NASDAQ:SIVB) has risen 34.07% since April 20, 2016 and is uptrending. It has outperformed by 29.52% the S&P500.
SVB Financial Group (NASDAQ:SIVB) Ratings Coverage
Out of 8 analysts covering SVB Financial Group (NASDAQ:SIVB), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. SVB Financial Group has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Buy” rating by DA Davidson on Friday, August 28. The stock has “Neutral” rating given by DA Davidson on Friday, July 22. The firm has “Overweight” rating given on Friday, January 22 by Piper Jaffray. Barclays Capital maintained SVB Financial Group (NASDAQ:SIVB) on Friday, October 9 with “Overweight” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, November 11. The firm has “Equal Weight” rating given on Tuesday, November 1 by Barclays Capital. The rating was upgraded by Zacks to “Hold” on Monday, August 31. Barclays Capital maintained SVB Financial Group (NASDAQ:SIVB) on Friday, October 23 with “Overweight” rating. Piper Jaffray initiated SVB Financial Group (NASDAQ:SIVB) on Tuesday, October 13 with “Neutral” rating. The rating was maintained by Barclays Capital on Thursday, March 24 with “Overweight”.
According to Zacks Investment Research, “SVB Financial Group is an international financial services holding company serving the technology, life science, private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank, SVB Capital, SVB Global Financial Services, SVB Alliant, SVB Securities, SVB Asset Management, SVB India Advisors, SVB Europe Advisors.”
Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.08, from 1.07 in 2016Q1. The ratio improved, as 45 funds sold all SVB Financial Group shares owned while 105 reduced positions. 38 funds bought stakes while 123 increased positions. They now own 47.12 million shares or 1.59% less from 47.89 million shares in 2016Q1.
Alliancebernstein Lp owns 1.02 million shares or 0.08% of their US portfolio. Systematic Fincl Ltd Partnership, a New Jersey-based fund reported 17,435 shares. Parametric Port accumulated 52,182 shares or 0.01% of the stock. Independent Port Consultants accumulated 0.07% or 2,185 shares. Emerald Mutual Fund Advisers Tru holds 0.62% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 116,809 shares. Blackrock Advisors Ltd Co accumulated 0.01% or 111,511 shares. Moreover, Ranger Investment Mgmt L P has 0.23% invested in SVB Financial Group (NASDAQ:SIVB) for 38,500 shares. Fifth Third Bank & Trust accumulated 37,946 shares or 0.03% of the stock. The Ohio-based Amer Finance Group has invested 0.02% in SVB Financial Group (NASDAQ:SIVB). Archford Strategies Lc accumulated 0% or 58 shares. Redwood Investments Limited Liability Com holds 4,011 shares or 0.04% of its portfolio. Price T Rowe Associates Md holds 1.94M shares or 0.04% of its portfolio. The Pennsylvania-based Sei Invs has invested 0.05% in SVB Financial Group (NASDAQ:SIVB). Mufg Americas Corporation holds 0.1% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 29,725 shares. Park Natl Corp Oh holds 0.01% or 2,297 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 9 insider sales for $2.91 million net activity. Wallace Bruce sold $237,484 worth of SVB Financial Group (NASDAQ:SIVB) on Tuesday, July 26. Another trade for 1,200 shares valued at $149,276 was made by China John on Friday, October 28. Descheneaux Michael also sold $864,670 worth of SVB Financial Group (NASDAQ:SIVB) shares. $150,150 worth of SVB Financial Group (NASDAQ:SIVB) was sold by BENHAMOU ERIC on Wednesday, June 1. Cox Philip C had sold 400 shares worth $49,504 on Monday, November 7. On Thursday, November 10 Husain Kamran F sold $458,651 worth of the stock or 3,289 shares.
More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Nasdaq.com which released: “SVB Financial Group Reaches Analyst Target Price” on November 11, 2016, also Fool.com with their article: “SVB Financial Group Deposits a Positive Third Quarter” published on October 24, 2016, Fool.com published: “Why SVB Financial Group Shares Jumped 11% in August” on September 15, 2016. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Fool.com and their article: “Why SVB Financial Group Dropped 10% on Friday” published on June 27, 2016 as well as Seekingalpha.com‘s news article titled: “SVB Financial Group: A Secular Growth Bank” with publication date: October 12, 2016.
SIVB Company Profile
SVB Financial Group (SVB Financial), incorporated on March 22, 1999, is a diversified financial services, bank holding and financial holding company. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial services and products to clients across the United States, as well as in international entrepreneurial markets. The Firm offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
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