Ashford Capital Management Inc. lifted its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,734 shares of the bank’s stock after purchasing an additional 454 shares during the quarter. SVB Financial Group accounts for about 3.1% of Ashford Capital Management Inc.’s portfolio, making the stock its 7th largest position. Ashford Capital Management Inc. owned about 0.20% of SVB Financial Group worth $19,408,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Green Square Capital LLC bought a new stake in shares of SVB Financial Group during the 3rd quarter valued at approximately $206,000. California Public Employees Retirement System grew its holdings in shares of SVB Financial Group by 3.8% during the 3rd quarter. California Public Employees Retirement System now owns 139,055 shares of the bank’s stock valued at $26,016,000 after purchasing an additional 5,155 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of SVB Financial Group during the 3rd quarter valued at approximately $279,000. Janus Henderson Group PLC grew its holdings in shares of SVB Financial Group by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 995,702 shares of the bank’s stock valued at $186,286,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC grew its holdings in shares of SVB Financial Group by 26.5% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 48,825 shares of the bank’s stock valued at $9,135,000 after purchasing an additional 10,225 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and set a $245.00 price target on shares of SVB Financial Group in a report on Friday, November 17th. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Wells Fargo & Company reissued an “outperform” rating and set a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the stock a “hold” rating in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $216.21.
In other news, insider Kamran F. Husain sold 2,890 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total value of $636,378.00. Following the transaction, the insider now owns 890 shares in the company, valued at approximately $195,978. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares in the company, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. Insiders sold a total of 20,291 shares of company stock worth $4,558,918 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.
Shares of SVB Financial Group (SIVB) opened at $234.90 on Wednesday. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $236.18. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The firm has a market cap of $12,250.09, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. During the same period in the previous year, the firm posted $2.12 EPS. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. equities analysts predict that SVB Financial Group will post 9.51 earnings per share for the current fiscal year.
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SVB Financial Group Profile
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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