The President & CEO of Svb Financial Group (NASDAQ: SIVB) is Buying Shares

By Carrie Williams

Yesterday, the President & CEO of Svb Financial Group (NASDAQ: SIVB), Gregory Becker, bought shares of SIVB for $612.2K.

Following Gregory Becker’s last SIVB Buy transaction on March 07, 2017, the stock climbed by 36.7%. This recent transaction increases Gregory Becker’s holding in the company by 18.08% to a total of $13.15 million.

Based on Svb Financial Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $522 million and quarterly net profit of $149 million. In comparison, last year the company earned revenue of $424 million and had a net profit of $111 million. The company has a one-year high of $236.18 and a one-year low of $159.44. SIVB’s market cap is $12.06B and the company has a P/E ratio of 25.79.

17 different firms, including Barclays and Boenning & Scattergood, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $239.22, reflecting a -3.9% downside. Starting in November 2017, SIVB received 4 Buy ratings in a row.

In the last 30 days, insiders have sold $761.8K worth of SIVB shares and purchased $612.2K worth of SIVB shares. The insider sentiment on Svb Financial Group has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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.

SVB Financial Group is a financial, and bank holding company, which engages in the provision of banking, and financial products and services. It operates through the following segment: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment is comprised of results primarily from the commercial bank, private equity division, svb wine, svb analytics, and the debt fund investments. The SVB Private segment is the private banking division, which provides a range of personal financial solutions for consumers. The SVB Capital segment is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The company was founded in Robert Medearis and Bill Biggerstaff 1983 and is headquartered in Santa Clara, CA.