Stifel Financial Corp Acquires 494 Shares of SVB Financial Group (SIVB)

Stifel Financial Corp increased its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,092 shares of the bank’s stock after purchasing an additional 494 shares during the period. Stifel Financial Corp owned 0.06% of SVB Financial Group worth $6,193,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Harding Loevner LP lifted its stake in shares of SVB Financial Group by 209.0% in the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock worth $284,617,000 after acquiring an additional 3,258,700 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of SVB Financial Group in the 2nd quarter worth $173,726,000. BlackRock Inc. lifted its stake in shares of SVB Financial Group by 16.5% in the 2nd quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after acquiring an additional 748,591 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SVB Financial Group by 41.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock worth $375,282,000 after acquiring an additional 629,917 shares during the period. Finally, CI Investments Inc. acquired a new stake in shares of SVB Financial Group in the 3rd quarter worth $95,902,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

SVB Financial Group (NASDAQ:SIVB) opened at $229.67 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market cap of $12,340.00, a PE ratio of 26.36, a PEG ratio of 2.25 and a beta of 1.62. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $236.86.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.12 EPS. analysts forecast that SVB Financial Group will post 9.51 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total transaction of $2,213,019.48. The transaction was disclosed in a 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 dated Friday, December 1st. The shares were sold at an average price of $226.01, for a total transaction of $452,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,291 shares of company stock valued at $4,558,918 over the last 90 days. 0.73% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks restated a “buy” rating and issued a $245.00 target price on shares of SVB Financial Group in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Wells Fargo & Company reiterated an “outperform” rating and issued a $240.00 price target (up previously from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, Barclays set a $217.00 price target on shares of SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. SVB Financial Group has a consensus rating of “Buy” and a consensus price target of $216.21.

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About SVB Financial Group

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

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