LS Investment Advisors LLC lessened its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,245 shares of the bank’s stock after selling 543 shares during the quarter. LS Investment Advisors LLC’s holdings in SVB Financial Group were worth $992,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Macquarie Group Ltd. increased its position in SVB Financial Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after buying an additional 122 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in SVB Financial Group by 25.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,012 shares of the bank’s stock worth $237,000 after buying an additional 208 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in SVB Financial Group by 3.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock worth $1,316,000 after buying an additional 232 shares during the last quarter. First Manhattan Co. increased its position in SVB Financial Group by 10.3% during the fourth quarter. First Manhattan Co. now owns 2,675 shares of the bank’s stock worth $625,000 after buying an additional 250 shares during the last quarter. Finally, Aureus Asset Management LLC increased its position in SVB Financial Group by 0.4% during the third quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock worth $14,664,000 after buying an additional 300 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $239.45 on Wednesday. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $263.09. The stock has a market capitalization of $12,673.05, a P/E ratio of 26.00, a PEG ratio of 1.57 and a beta of 1.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. The firm had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the prior year, the firm earned $1.89 EPS. equities research analysts expect that SVB Financial Group will post 13.85 EPS for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Maxim Group reissued a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a research report on Wednesday, January 10th. Jefferies Group reissued a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Barclays reissued a “hold” rating and set a $273.00 price target on shares of SVB Financial Group in a research report on Sunday, January 28th. Finally, BidaskClub downgraded SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $239.92.
In other news, insider Philip C. Cox sold 1,175 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $252.77, for a total transaction of $297,004.75. Following the completion of the sale, the insider now owns 4,097 shares in the company, valued at $1,035,598.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory W. Becker sold 9,511 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total value of $2,213,019.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,186 shares of company stock valued at $4,057,749. Corporate insiders own 0.73% of the company’s stock.
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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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