SVB Financial Group (NASDAQ:SIVB) Stake Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,994 shares of the bank’s stock after acquiring an additional 1,800 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.07% of SVB Financial Group worth $6,922,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Trust N.A. lifted its position in SVB Financial Group by 0.3% in the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after purchasing an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in SVB Financial Group by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after acquiring an additional 20 shares during the last quarter. Pacer Advisors Inc. lifted its stake in SVB Financial Group by 9.2% in the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares during the last quarter. Utah Retirement Systems lifted its stake in SVB Financial Group by 1.1% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 100 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in SVB Financial Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after acquiring an additional 122 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

A number of analysts have issued reports on the stock. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks restated a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research note on Friday, November 17th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Wells Fargo & Company restated an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. 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. Five 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 a consensus target price of $216.21.

SVB Financial Group (SIVB) opened at $227.53 on Wednesday. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $236.18. The stock has a market cap of $12,197.35, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.21 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 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. During the same quarter in the previous year, the firm posted $2.12 earnings per share. SVB Financial Group’s revenue was up 23.0% compared to the same quarter last year. analysts expect that SVB Financial Group will post 9.5 EPS for the current fiscal year.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the sale, the insider now owns 5,918 shares of the company’s stock, valued at approximately $1,241,951.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total transaction of $452,020.00. The disclosure for this sale can be found here. Insiders have sold 10,780 shares of company stock worth $2,345,898 in the last ninety days. 0.73% of the stock is currently owned by insiders.

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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.

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

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