Parametric Portfolio Associates LLC raised its position in shares of SVB Financial Group (NASDAQ:SIVB) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,089 shares of the bank’s stock after buying an additional 6,277 shares during the period. Parametric Portfolio Associates LLC owned about 0.22% of SVB Financial Group worth $26,258,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Life Insurance Co. boosted its stake in SVB Financial Group by 19.2% in the first quarter. Sumitomo Life Insurance Co. now owns 5,404 shares of the bank’s stock valued at $1,202,000 after acquiring an additional 872 shares during the last quarter. Ashford Capital Management Inc. lifted its position in SVB Financial Group by 12.1% in the 4th quarter. Ashford Capital Management Inc. now owns 99,819 shares of the bank’s stock valued at $18,958,000 after acquiring an additional 10,762 shares in the last quarter. Northern Trust Corp lifted its position in SVB Financial Group by 2.8% in the 4th quarter. Northern Trust Corp now owns 542,678 shares of the bank’s stock valued at $103,065,000 after acquiring an additional 14,982 shares in the last quarter. Baldwin Brothers Inc. MA lifted its position in SVB Financial Group by 21.8% in the 4th quarter. Baldwin Brothers Inc. MA now owns 3,912 shares of the bank’s stock valued at $743,000 after acquiring an additional 701 shares in the last quarter. Finally, Basswood Capital Management L.L.C. increased its stake in SVB Financial Group by 22.0% in the 4th quarter. Basswood Capital Management L.L.C. now owns 41,389 shares of the bank’s stock valued at $7,861,000 after buying an additional 7,472 shares during the last quarter. 90.94% of the stock is owned by institutional investors.
Shares of SVB Financial Group stock traded up $2.27 during trading hours on Wednesday, reaching $216.77. The company’s stock had a trading volume of 399,584 shares, compared to its average volume of 496,556. The business has a fifty day simple moving average of $222.32. The stock has a market cap of $11.45 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.38 and a beta of 2.12. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.13. SVB Financial Group has a one year low of $177.70 and a one year high of $333.74.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.71. The business had revenue of $793.26 million during the quarter, compared to the consensus estimate of $744.49 million. SVB Financial Group had a net margin of 36.09% and a return on equity of 20.83%. During the same quarter last year, the company posted $3.63 earnings per share. As a group, equities analysts forecast that SVB Financial Group will post 20.63 earnings per share for the current year.
SIVB has been the topic of several recent research reports. Bank of America set a $280.00 price target on shares of SVB Financial Group and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. BidaskClub downgraded shares of SVB Financial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 26th. FIG Partners downgraded shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, April 26th. Finally, Raymond James boosted their price objective on shares of SVB Financial Group from $280.00 to $285.00 and gave the company a “strong-buy” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $309.49.
In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 204 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $256.01, for a total transaction of $52,226.04. Following the transaction, the insider now owns 3,494 shares in the company, valued at $894,498.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John S. Clendening acquired 900 shares of SVB Financial Group stock in a transaction on Friday, May 24th. The shares were bought at an average price of $221.12 per share, for a total transaction of $199,008.00. Following the purchase, the director now owns 1,729 shares of the company’s stock, valued at $382,316.48. The disclosure for this purchase can be found here. Insiders sold 9,183 shares of company stock valued at $2,213,623 in the last quarter. Corporate insiders own 0.73% of the company’s stock.
SVB Financial Group Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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