Two Sigma Advisers LP lifted its position in SVB Financial Group (NASDAQ:SIVB) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,502 shares of the bank’s stock after purchasing an additional 2,477 shares during the quarter. Two Sigma Advisers LP owned 0.32% of SVB Financial Group worth $39,391,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guggenheim Capital LLC raised its stake in SVB Financial Group by 136.5% during the fourth quarter. Guggenheim Capital LLC now owns 33,141 shares of the bank’s stock worth $7,749,000 after acquiring an additional 19,130 shares in the last quarter. Deutsche Bank AG raised its stake in SVB Financial Group by 13.1% during the fourth quarter. Deutsche Bank AG now owns 280,077 shares of the bank’s stock worth $65,464,000 after acquiring an additional 32,432 shares in the last quarter. Advisor Group Inc. raised its stake in SVB Financial Group by 14.6% during the fourth quarter. Advisor Group Inc. now owns 1,909 shares of the bank’s stock worth $447,000 after acquiring an additional 243 shares in the last quarter. Dynamic Capital Management Ltd acquired a new position in SVB Financial Group during the fourth quarter worth $257,000. Finally, Fred Alger Management Inc. acquired a new position in SVB Financial Group during the fourth quarter worth $414,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
Several research firms have issued reports on SIVB. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. SunTrust Banks reiterated a “buy” rating and set a $245.00 price objective on shares of SVB Financial Group in a research note on Friday, November 17th. FIG Partners cut SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Wells Fargo restated an “outperform” rating and set a $280.00 target price (up previously from $240.00) on shares of SVB Financial Group in a report on Tuesday, January 9th. Finally, Morgan Stanley increased their target price on SVB Financial Group from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. SVB Financial Group has a consensus rating of “Buy” and an average price target of $248.62.
In related news, insider Michelle Draper sold 2,510 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total value of $624,864.50. Following the transaction, the insider now owns 7,879 shares in the company, valued at $1,961,477.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip C. Cox sold 1,175 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the transaction, the insider now owns 4,097 shares in the company, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,185 shares of company stock worth $2,017,574. 0.74% of the stock is owned by company insiders.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $263.80 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $13,739.17, a price-to-earnings ratio of 28.64, a PEG ratio of 1.70 and a beta of 1.43. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $271.79.
SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the consensus estimate of $2.60 by ($0.41). The business had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same quarter in the previous year, the company posted $1.89 EPS. research analysts expect that SVB Financial Group will post 13.86 EPS for the current fiscal year.
WARNING: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://ledgergazette.com/2018/03/17/two-sigma-advisers-lp-purchases-2477-shares-of-svb-financial-group-sivb.html.
SVB Financial Group Company 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.
Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.