Robeco Institutional Asset Management B.V. grew its holdings in SVB Financial Group (NASDAQ:SIVB) by 16.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the bank’s stock after purchasing an additional 5,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of SVB Financial Group worth $6,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Fulton Bank N.A. increased its position in SVB Financial Group by 7.7% in the 3rd quarter. Fulton Bank N.A. now owns 6,194 shares of the bank’s stock valued at $1,158,000 after buying an additional 445 shares in the last quarter. Ashford Capital Management Inc. increased its position in SVB Financial Group by 1.2% in the 2nd quarter. Ashford Capital Management Inc. now owns 103,280 shares of the bank’s stock valued at $18,156,000 after buying an additional 1,204 shares in the last quarter. Toronto Dominion Bank increased its position in SVB Financial Group by 525.6% in the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 657 shares in the last quarter. Cookson Peirce & Co. Inc. increased its position in SVB Financial Group by 275.7% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 9,430 shares of the bank’s stock valued at $1,658,000 after buying an additional 6,920 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SVB Financial Group in the 2nd quarter valued at about $636,000. 92.08% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 target price (up from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research report on Friday, August 11th. Finally, Maxim Group boosted their target price on SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $203.00.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at 216.69 on Friday. The firm’s 50-day moving average price is $182.86 and its 200-day moving average price is $178.88. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 26.34 and a beta of 1.63. SVB Financial Group has a one year low of $116.59 and a one year high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, beating 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 12.10%. The business had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter last year, the firm earned $2.12 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts anticipate that SVB Financial Group will post $8.99 earnings per share for the current year.
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In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the transaction, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the transaction, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The disclosure for this sale can be found here. Insiders have sold 8,524 shares of company stock valued at $1,534,052 in the last ninety days. Insiders own 0.73% of the company’s stock.
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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