48,256 Shares in SVB Financial Group (SIVB) Acquired by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC acquired a new position in SVB Financial Group (NASDAQ:SIVB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,256 shares of the bank’s stock, valued at approximately $9,028,000. Monarch Partners Asset Management LLC owned about 0.09% of SVB Financial Group at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. boosted its holdings in shares of SVB Financial Group by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after purchasing an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of SVB Financial Group by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after purchasing an additional 20 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of SVB Financial Group by 9.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after purchasing an additional 87 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of SVB Financial Group by 11.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after purchasing an additional 90 shares during the last quarter. Finally, Utah Retirement Systems boosted its holdings in shares of SVB Financial Group by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $195.00 target price on shares of SVB Financial Group in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and set a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. Maxim Group upped their price objective on SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $191.00 price objective (up from $188.00) on shares of SVB Financial Group in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $211.83.

Shares of SVB Financial Group (NASDAQ SIVB) traded down $1.56 during midday trading on Monday, reaching $217.96. The company’s stock had a trading volume of 90,172 shares, compared to its average volume of 460,000. The stock has a market capitalization of $11,573.90, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.64. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 52 week low of $116.59 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. The company had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 earnings per share. analysts predict that SVB Financial Group will post 9.5 EPS for the current fiscal year.

In other news, insider Kamran F. Husain sold 2,890 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the sale, the insider now owns 890 shares of the company’s stock, valued at $195,978. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $172.01, for a total value of $344,020.00. Following the sale, the director now directly owns 6,672 shares in the company, valued at approximately $1,147,650.72. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

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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.

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

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