Insider Trading Watch List: SVB Financial Group (SIVB)

SVB Financial Group (NASDAQ:SIVB) insider has recently participated in insider trading activity. Director, Miller Mary J bought 1,000 shares for $79,250 through one transaction Feb 11. Following this sale, this insider’s stake in the company comprises 1,000 shares, priced at $88190 as of Wednesday. President and CEO, BECKER GREGORY W sold 14,467 shares for $1,748,034 via one transaction Dec 30. Following the transaction, the insider now owns 44,805 shares in total, priced at $3951352.95 as of Wednesday. Another notable insider trading was done by the same insider on Dec 16. BECKER GREGORY W sold 7,000 shares at an average price of $125.07 for a total of $875,470. Moreover, BENHAMOU ERIC, Director carried out a sale of 1,222 shares at $122.89 each on Dec 11. The transaction amounted to $150,167.

The stock has experienced a total of 15 insider trades in the past three months. These trades include 12 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 92 times by insiders. In 82 of these trades, the insider was a seller while an employee of the company was the buyer in ten instances.

SVB Financial Group (SIVB) on January 21, 2016 announced financial results for the fourth quarter and year ended December 31, 2015.

Consolidated net income available to common stockholders for the fourth quarter of 2015 was $87.5 million, or $1.68 per diluted common share, compared to $81.7 million, or $1.57 per diluted common share, for the third quarter of 2015, and $58.0 million, or $1.13 per diluted common share, for the fourth quarter of 2014. Consolidated net income for the fourth quarter of 2014 includes a post-tax net loss of $11.4 million related to the sale of our Indian subsidiary, SVB India Finance Private Limited (“SVBIF”). Excluding these losses, net income for the fourth quarter of 2014 was $69.4 million, or $1.36 per diluted common share.

Consolidated net income available to common stockholders for the year ended December 31, 2015 was $343.9 million, or $6.62 per diluted common share, compared to $263.9 million, or $5.31per diluted common share, for the comparable 2014 period. Non-GAAP net income available to common stockholders for the year ended December 31, 2014 was $275.3 million, or $5.54 per diluted common share.

For more than 30 years, SVB Financial Group (SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group serves companies in technology-related, life science and healthcare, venture capital and private equity, and premium wine industries. Along with commercial, investment, international and private banking services provided by Silicon Valley Bank, the company offers funds management, business valuation services, broker-dealer transactions, asset management and private wealth management. Headquartered in Santa Clara, Calif., SVB Financial Group operates in centers of innovation in the U.S. and around the world.