3,920 Shares in SVB Financial Group (SIVB) Acquired by Shelton Capital Management

Shelton Capital Management bought a new stake in SVB Financial Group (NASDAQ:SIVB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,920 shares of the bank’s stock, valued at approximately $689,000.

Several other hedge funds have also recently made changes to their positions in SIVB. BDO Wealth Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $109,000. Exane Derivatives purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $119,000. Peddock Capital Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $130,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after purchasing an additional 343 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 92.12% of the company’s stock.

Several analysts have recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $195.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Maxim Group raised their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $203.00.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/08/3920-shares-in-svb-financial-group-sivb-acquired-by-shelton-capital-management.html.

In other news, insider Michael Descheneaux sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the sale, the insider now owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. Insiders have sold a total of 8,524 shares of company stock valued at $1,534,052 in the last ninety days. Insiders own 0.73% of the company’s stock.

SVB Financial Group (NASDAQ:SIVB) traded up 0.98% during mid-day trading on Friday, reaching $189.10. 427,711 shares of the company were exchanged. SVB Financial Group has a one year low of $112.00 and a one year high of $198.83. The company has a market capitalization of $9.96 billion, a PE ratio of 22.98 and a beta of 1.63. The stock has a 50-day moving average price of $174.20 and a 200 day moving average price of $178.00.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that SVB Financial Group will post $8.99 EPS for the current year.

About SVB Financial Group

SVB Financial Group is a financial services company, as

Several other hedge funds have also recently made changes to their positions in SIVB. BDO Wealth Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $109,000. Exane Derivatives purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $119,000. Peddock Capital Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter valued at about $130,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after purchasing an additional 343 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 92.12% of the company’s stock.

Several analysts have recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $195.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Maxim Group raised their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $203.00.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/08/3920-shares-in-svb-financial-group-sivb-acquired-by-shelton-capital-management.html.

In other news, insider Michael Descheneaux sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the sale, the insider now owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. Insiders have sold a total of 8,524 shares of company stock valued at $1,534,052 in the last ninety days. Insiders own 0.73% of the company’s stock.

SVB Financial Group (NASDAQ:SIVB) traded up 0.98% during mid-day trading on Friday, reaching $189.10. 427,711 shares of the company were exchanged. SVB Financial Group has a one year low of $112.00 and a one year high of $198.83. The company has a market capitalization of $9.96 billion, a PE ratio of 22.98 and a beta of 1.63. The stock has a 50-day moving average price of $174.20 and a 200 day moving average price of $178.00.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that SVB Financial Group will post $8.99 EPS for the current year.

About SVB Financial Group

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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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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