Trillium Asset Management LLC lifted its holdings in SVB Financial Group (NASDAQ:SIVB) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,245 shares of the bank’s stock after purchasing an additional 1,166 shares during the quarter. Trillium Asset Management LLC owned 0.16% of SVB Financial Group worth $15,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of SIVB. Teachers Advisors LLC grew its holdings in SVB Financial Group by 7.4% during the first quarter. Teachers Advisors LLC now owns 138,140 shares of the bank’s stock valued at $25,706,000 after purchasing an additional 9,479 shares during the period. AQR Capital Management LLC boosted its stake in shares of SVB Financial Group by 82.4% in the first quarter. AQR Capital Management LLC now owns 48,519 shares of the bank’s stock worth $9,029,000 after acquiring an additional 21,919 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of SVB Financial Group by 11.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after acquiring an additional 90 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of SVB Financial Group in the second quarter worth about $176,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of SVB Financial Group in the second quarter worth about $715,000. Institutional investors own 95.00% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday, August 11th. Maxim Group boosted their target price on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. SunTrust Banks, Inc. restated a “buy” rating and set a $245.00 price objective on shares of SVB Financial Group in a research report on Friday, November 17th. Finally, Morgan Stanley restated an “overweight” rating and set a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $216.21.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the transaction, the director now owns 6,672 shares in the company, valued at approximately $1,147,650.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Edmonds-Waters sold 3,630 shares of SVB Financial Group stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the transaction, the insider now owns 5,918 shares of the company’s stock, valued at approximately $1,241,951.48. The disclosure for this sale can be found here. Insiders sold a total of 10,780 shares of company stock valued at $2,237,898 in the last 90 days. 0.73% of the stock is currently owned by company insiders.
Shares of SVB Financial Group (SIVB) opened at $214.92 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $11,340.00, a price-to-earnings ratio of 24.16, a PEG ratio of 2.06 and a beta of 1.63. SVB Financial Group has a 52-week low of $152.06 and a 52-week high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data 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. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 EPS. research analysts expect that SVB Financial Group will post 9.5 earnings per share for the current fiscal 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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