SVB Financial Group (NASDAQ:SIVB) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 867,268 shares, a decrease of 29.9% from the October 31st total of 1,237,404 shares. Based on an average trading volume of 423,213 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.7% of the company’s shares are short sold.
In other news, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the sale, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the completion of the sale, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,780 shares of company stock valued at $1,893,878. 0.73% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BDO Wealth Advisors LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $109,000. Peddock Capital Advisors LLC bought a new position in shares of SVB Financial Group during the 2nd quarter worth approximately $130,000. Global X Management Co. LLC grew its stake in shares of SVB Financial Group by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 289 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 657 shares in the last quarter. Finally, Tredje AP fonden bought a new position in shares of SVB Financial Group during the 2nd quarter worth approximately $144,000. 97.79% of the stock is owned by institutional investors and hedge funds.
Shares of SVB Financial Group (SIVB) opened at $228.17 on Friday. SVB Financial Group has a 52 week low of $158.24 and a 52 week high of $233.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $12,005.90, a P/E ratio of 25.55, a P/E/G ratio of 2.18 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the prior year, the business earned $2.12 EPS. SVB Financial Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. analysts anticipate that SVB Financial Group will post 9.5 earnings per share for the current year.
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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.
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