GW&K Investment Management LLC lifted its holdings in SVB Financial Group (NASDAQ:SIVB) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,962 shares of the bank’s stock after purchasing an additional 692 shares during the period. GW&K Investment Management LLC owned about 0.34% of SVB Financial Group worth $41,836,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Macquarie Group Ltd. grew its stake in shares of SVB Financial Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after purchasing an additional 122 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of SVB Financial Group by 3.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock worth $1,316,000 after purchasing an additional 232 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of SVB Financial Group by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,709 shares of the bank’s stock worth $2,761,000 after purchasing an additional 289 shares during the last quarter. Aureus Asset Management LLC grew its stake in shares of SVB Financial Group by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock worth $14,664,000 after purchasing an additional 300 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of SVB Financial Group by 0.3% in the 3rd quarter. American International Group Inc. now owns 107,799 shares of the bank’s stock worth $20,168,000 after purchasing an additional 357 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.
Shares of SVB Financial Group (SIVB) traded up $2.33 on Friday, hitting $256.32. 378,165 shares of the company’s stock traded hands, compared to its average volume of 375,515. SVB Financial Group has a one year low of $159.44 and a one year high of $257.24. The firm has a market capitalization of $13,428.84, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59.
SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, topping the 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 company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period last year, the company posted $2.12 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. sell-side analysts forecast that SVB Financial Group will post 9.63 EPS for the current year.
SIVB has been the topic of several recent research reports. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Maxim Group reaffirmed a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Finally, Barclays set a $217.00 price objective on shares of SVB Financial Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $229.29.
In related news, insider Kamran F. Husain sold 2,890 shares of the firm’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 transaction of $636,378.00. Following the completion of the sale, the insider now directly owns 890 shares in the company, valued at $195,978. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the firm’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 sale, the insider now owns 15,971 shares of the company’s stock, valued at $3,503,079.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,291 shares of company stock valued at $4,558,918. 0.73% of the stock is currently owned by corporate insiders.
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SVB Financial Group Company 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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