Advisor Partners LLC bought a new position in shares of SVB Financial Group (NASDAQ:SIVB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,539 shares of the bank’s stock, valued at approximately $394,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Oakbrook Investments LLC increased its holdings in shares of SVB Financial Group by 84.3% during the third quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock worth $767,000 after purchasing an additional 1,875 shares during the period. Strs Ohio boosted its position in SVB Financial Group by 4.3% in the third quarter. Strs Ohio now owns 407,764 shares of the bank’s stock valued at $76,288,000 after buying an additional 16,811 shares in the last quarter. California Public Employees Retirement System boosted its position in SVB Financial Group by 3.8% in the third quarter. California Public Employees Retirement System now owns 139,055 shares of the bank’s stock valued at $26,016,000 after buying an additional 5,155 shares in the last quarter. Clinton Group Inc. acquired a new stake in SVB Financial Group in the second quarter valued at approximately $393,000. Finally, BNP Paribas Arbitrage SA boosted its position in SVB Financial Group by 37.7% in the third quarter. BNP Paribas Arbitrage SA now owns 42,877 shares of the bank’s stock valued at $8,022,000 after buying an additional 11,740 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Maxim Group reiterated a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. Barclays reiterated a “hold” rating and set a $273.00 price target on shares of SVB Financial Group in a report on Sunday, January 28th. BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. FIG Partners lowered shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Finally, Stephens restated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. SVB Financial Group presently has a consensus rating of “Buy” and an average target price of $239.92.
In related news, insider Gregory W. Becker sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the sale, the insider now directly owns 5,918 shares in the company, valued at approximately $1,241,951.48. The disclosure for this sale can be found here. Insiders have sold a total of 20,816 shares of company stock worth $4,819,541 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $239.86 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $12,609.12, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $263.09.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). The business had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter in the previous year, the company posted $1.89 earnings per share. equities analysts predict that SVB Financial Group will post 13.85 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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