Stock On Watch: SVB Financial Group Can’t Burn Your Long Portfolio. Just Reaches All-Time High

Stock On Watch: SVB Financial Group Can't Burn Your Long Portfolio. Just Reaches All Time High

The stock of SVB Financial Group (NASDAQ:SIVB) reached all time high today, Nov, 30 and still has $165.58 target or 4.00% above today’s $159.21 share price. This indicates more upside for the $8.35B company. This technical setup was reported by Barchart.com. If the $165.58 PT is reached, the company will be worth $334.00M 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 104,938 shares traded hands. SVB Financial Group (NASDAQ:SIVB) has risen 46.21% since April 27, 2016 and is uptrending. It has outperformed by 40.99% the S&P500.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on January, 19. They expect $1.75 earnings per share, up 4.17% or $0.07 from last year’s $1.68 per share. SIVB’s profit will be $91.78 million for 22.74 P/E if the $1.75 EPS becomes a reality. After $2.12 actual earnings per share reported by SVB Financial Group for the previous quarter, Wall Street now forecasts -17.45% negative EPS growth.

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 firm earned “Mkt Outperform” rating on Friday, September 16 by JMP Securities. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Neutral” rating by DA Davidson on Friday, July 22. As per Thursday, March 24, the company rating was maintained by Barclays Capital. On Friday, August 28 the stock rating was upgraded by DA Davidson to “Buy”. As per Tuesday, October 13, the company rating was initiated by Piper Jaffray. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 10. The firm earned “Outperform” rating on Friday, January 22 by RBC Capital Markets. As per Monday, August 31, the company rating was upgraded by Zacks. The rating was upgraded by Piper Jaffray to “Overweight” on Friday, January 22. Morgan Stanley upgraded SVB Financial Group (NASDAQ:SIVB) rating on Wednesday, November 11. Morgan Stanley has “Overweight” rating and $152 price target.

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.
Winslow Evans And Crocker has invested 0% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Gemmer Asset Management Ltd Company has 0.01% invested in the company for 106 shares. Jacobus Wealth Management last reported 0.26% of its portfolio in the stock. Timessquare Cap Ltd Liability Com has 0.79% invested in the company for 1.25 million shares. Endeavour Capital holds 107,817 shares or 0.77% of its portfolio. Next Finance Grp Incorporated owns 3,178 shares or 0.1% of their US portfolio. Comerica Savings Bank last reported 0.04% of its portfolio in the stock. Cipher Cap Lp last reported 0.15% of its portfolio in the stock. Moreover, Redwood Investments Ltd Liability has 0.04% invested in SVB Financial Group (NASDAQ:SIVB) for 4,011 shares. Quantbot Tech Ltd Partnership, a New York-based fund reported 1,520 shares. Ashford Cap, a Delaware-based fund reported 102,299 shares. Utah Retirement Sys holds 0.02% or 9,500 shares in its portfolio. Invesco Ltd has 1.21M shares for 0.04% of their US portfolio. Trexquant Investment Ltd Partnership reported 12,045 shares or 0.15% of all its holdings. Ladenburg Thalmann, a Florida-based fund reported 630 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 insider sales for $2.76 million net activity. $150,150 worth of SVB Financial Group (NASDAQ:SIVB) was sold by BENHAMOU ERIC. On Wednesday, November 9 the insider China John sold $392,990. Cox Philip C had sold 400 shares worth $49,504. On Monday, November 14 the insider Wallace Bruce sold $396,504. Another trade for 8,378 shares valued at $864,670 was sold by Descheneaux Michael. 3,289 shares with value of $458,651 were sold by Husain Kamran F on Thursday, November 10.

More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Fool.com which released: “SVB Financial Group Deposits a Positive Third Quarter” on October 24, 2016, also Nasdaq.com with their article: “SVB Financial Group Reaches Analyst Target Price” published on November 11, 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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