SVB Financial (NASDAQ:SIVB): Wells Fargo Maintains Outperform Rating Today, Has a Target of $300/Share

SVB Financial Group (NASDAQ:SIVB) Logo

Investors sentiment decreased to 1.06 in 2018 Q2. Its down 0.30, from 1.36 in 2018Q1. It is negative, as 19 investors sold SVB Financial Group shares while 195 reduced holdings. 93 funds opened positions while 134 raised stakes. 45.54 million shares or 1.69% less from 46.32 million shares in 2018Q1 were reported.

Sit Investment Associate Inc holds 0.13% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 17,900 shares. Tiaa Cref Investment Mngmt Ltd Liability Com accumulated 0.05% or 243,979 shares. Deutsche National Bank Ag reported 403,521 shares or 0.08% of all its holdings. Schwab Charles Management holds 0.06% or 304,250 shares. Aqr Cap Management Ltd Limited Liability Company stated it has 0.03% of its portfolio in SVB Financial Group (NASDAQ:SIVB). The Massachusetts-based Adage Prtn Gru Inc Limited Liability has invested 0.1% in SVB Financial Group (NASDAQ:SIVB). Spc Financial Incorporated, a Maryland-based fund reported 2,572 shares. Price T Rowe Assocs Inc Md reported 0.05% in SVB Financial Group (NASDAQ:SIVB). Peloton Wealth Strategists owns 9,950 shares or 2.08% of their US portfolio. Manufacturers Life Insurance The has 0.14% invested in SVB Financial Group (NASDAQ:SIVB). Champlain Prtnrs Ltd Llc holds 0.37% in SVB Financial Group (NASDAQ:SIVB) or 133,085 shares. De Burlo reported 42,450 shares. Douglass Winthrop Advsrs Ltd Liability has invested 0.01% in SVB Financial Group (NASDAQ:SIVB). Cap Rech Global Invsts stated it has 664,635 shares. Montecito Bancorporation reported 2,000 shares.

Since July 10, 2018, it had 0 insider purchases, and 4 selling transactions for $881,836 activity. Shares for $162,035 were sold by Robinson John F on Monday, September 10. 620 SVB Financial Group (NASDAQ:SIVB) shares with value of $148,153 were sold by Cox Philip C.

SVB Financial (NASDAQ:SIVB) Rating Reaffirmed

In an analyst note sent to investors and clients on 6 December, The Outperform rating of SVB Financial (NASDAQ:SIVB) shares was restate by Wells Fargo, who now has a $300 TP on the stock. Wells Fargo’s TP suggests a possible upside of 39.76 % from the previous close of the company.

SVB Financial Group (NASDAQ:SIVB) Ratings Coverage

Among 11 analysts covering SVB Financial (NASDAQ:SIVB), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. SVB Financial has $390 highest and $270 lowest target. $349.36’s average target is 62.75% above currents $214.66 stock price. SVB Financial had 15 analyst reports since June 11, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital on Wednesday, October 3 with “Equal-Weight”. The firm has “Overweight” rating given on Friday, July 27 by JP Morgan. JMP Securities maintained it with “Market Outperform” rating and $385 target in Friday, July 27 report. Wedbush maintained SVB Financial Group (NASDAQ:SIVB) rating on Friday, July 27. Wedbush has “Neutral” rating and $350 target. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Overweight” rating by JP Morgan on Monday, June 11. The stock of SVB Financial Group (NASDAQ:SIVB) has “Strong Buy” rating given on Friday, October 26 by Raymond James. On Friday, October 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”. As per Tuesday, June 26, the company rating was maintained by Wells Fargo. Bank of America maintained SVB Financial Group (NASDAQ:SIVB) rating on Friday, October 26. Bank of America has “Buy” rating and $350 target. The stock of SVB Financial Group (NASDAQ:SIVB) has “Overweight” rating given on Wednesday, November 28 by Barclays Capital.

The stock decreased 10.72% or $25.77 during the last trading session, reaching $214.66. About 1.74M shares traded or 165.06% up from the average. SVB Financial Group (NASDAQ:SIVB) has risen 85.36% since December 6, 2017 and is uptrending. It has outperformed by 69.74% the S&P500.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on January, 24. They expect $4.79 EPS, up 65.74 % or $1.90 from last year’s $2.89 per share. SIVB’s profit will be $255.08 million for 11.20 P/E if the $4.79 EPS becomes a reality. After $5.10 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts -6.08 % negative EPS growth.

SVB Financial Group, a diversified financial services company, provides various banking and financial services and products. The company has market cap of $11.43 billion. The Company’s Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit services and products comprising term loans, equipment loans, asset loans, revolving lines of credit, accounts-receivable lines of credit, capital call lines of credit, and credit cards; and payment and cash management services and products, including wire transfer and automated clearing house payment, bill pay, debit cards account analysis, and disbursement, as well as online and mobile banking services. It has a 13.99 P/E ratio. This segment also provides various loan and credit facilities; foreign exchange services; export, import, and standby letters of credit; investment services and solutions; investment advisory services; third party money market mutual funds and fixed-income securities; vineyard development loans and community development loans to clients in the wine industry; and equity valuation services to companies and venture capital/private equity firms, as well as invests in debt funds.

More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Benzinga.com which released: “10 Biggest Price Target Changes For Thursday – Benzinga” on December 06, 2018, also Nasdaq.com with their article: “SVB Financial Up 1% on Leerink Buyout Deal & Share Buyback – Nasdaq” published on November 14, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For November 28, 2018 – Benzinga” on November 28, 2018. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Seekingalpha.com and their article: “Stocks To Watch: Favorable Trade Winds? – Seeking Alpha” published on December 01, 2018 as well as Nasdaq.com‘s news article titled: “4 Reasons to Bet on SVB Financial (SIVB) Stock Right Away – Nasdaq” with publication date: May 15, 2018.

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart

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