Trillium Asset Management LLC lowered its position in SVB Financial Group (NASDAQ:SIVB) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,761 shares of the bank’s stock after selling 2,284 shares during the quarter. SVB Financial Group comprises approximately 1.0% of Trillium Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Trillium Asset Management LLC’s holdings in SVB Financial Group were worth $18,903,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SIVB. KAMES CAPITAL plc boosted its holdings in shares of SVB Financial Group by 55.8% in the first quarter. KAMES CAPITAL plc now owns 275,593 shares of the bank’s stock valued at $66,117,000 after acquiring an additional 98,681 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its holdings in SVB Financial Group by 17.4% during the first quarter. Alpine Woods Capital Investors LLC now owns 8,100 shares of the bank’s stock worth $1,944,000 after buying an additional 1,200 shares in the last quarter. Tredje AP fonden boosted its holdings in SVB Financial Group by 31.2% during the first quarter. Tredje AP fonden now owns 5,340 shares of the bank’s stock worth $1,282,000 after buying an additional 1,270 shares in the last quarter. Columbus Circle Investors boosted its holdings in SVB Financial Group by 10.2% during the first quarter. Columbus Circle Investors now owns 363,663 shares of the bank’s stock worth $87,283,000 after buying an additional 33,736 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in SVB Financial Group by 54.3% during the first quarter. King Luther Capital Management Corp now owns 12,570 shares of the bank’s stock worth $3,017,000 after buying an additional 4,425 shares in the last quarter. Institutional investors own 89.61% of the company’s stock.
In related news, insider Kamran F. Husain sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $320.38, for a total value of $480,570.00. Following the transaction, the insider now directly owns 1,066 shares in the company, valued at approximately $341,525.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory W. Becker sold 3,028 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $233.52, for a total transaction of $707,098.56. The disclosure for this sale can be found here. Insiders have sold a total of 10,816 shares of company stock worth $2,973,905 in the last 90 days. 0.74% of the stock is owned by insiders.
SIVB stock opened at $321.78 on Monday. SVB Financial Group has a 12-month low of $159.44 and a 12-month high of $325.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 1.84 and a beta of 1.41.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, April 26th. The bank reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.50. The company had revenue of $575.38 million during the quarter, compared to the consensus estimate of $535.60 million. SVB Financial Group had a net margin of 26.89% and a return on equity of 14.53%. During the same quarter in the prior year, the firm earned $1.91 EPS. research analysts expect that SVB Financial Group will post 15.91 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. JMP Securities upped their price target on shares of SVB Financial Group from $290.00 to $345.00 and gave the company a “market outperform” rating in a research report on Monday, April 30th. Morgan Stanley upped their price target on shares of SVB Financial Group from $280.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, April 30th. Stephens restated a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. SunTrust Banks upped their price target on shares of SVB Financial Group to $335.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Finally, UBS assumed coverage on shares of SVB Financial Group in a research report on Thursday, March 22nd. They issued a “buy” rating and a $284.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $306.29.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.
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