Dimensional Fund Advisors LP Sells 2,215 Shares of SVB Financial Group (SIVB)

Dimensional Fund Advisors LP trimmed its holdings in SVB Financial Group (NASDAQ:SIVB) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 321,696 shares of the bank’s stock after selling 2,215 shares during the quarter. Dimensional Fund Advisors LP owned 0.61% of SVB Financial Group worth $60,185,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SIVB. Harding Loevner LP boosted its holdings in SVB Financial Group by 209.0% in the third quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after purchasing an additional 3,258,700 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in SVB Financial Group in the second quarter valued at $173,726,000. BlackRock Inc. boosted its holdings in SVB Financial Group by 16.5% in the second quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock valued at $929,507,000 after purchasing an additional 748,591 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SVB Financial Group by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock valued at $375,282,000 after purchasing an additional 629,917 shares during the last quarter. Finally, CI Investments Inc. purchased a new stake in SVB Financial Group in the third quarter valued at $95,902,000. 91.45% of the stock is currently owned by institutional investors.

In related news, insider Gregory W. Becker sold 9,511 shares of the company’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 accessible through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was 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. In the last 90 days, insiders have sold 20,291 shares of company stock valued at $4,558,918. Insiders own 0.73% of the company’s stock.

Shares of SVB Financial Group (SIVB) opened at $233.77 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $242.92. The stock has a market cap of $12,329.26, a PE ratio of 26.24, a PEG ratio of 2.21 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter in the prior year, the firm earned $2.12 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. research analysts predict that SVB Financial Group will post 9.64 earnings per share for the current year.

Several equities research analysts have recently issued reports on SIVB shares. SunTrust Banks reissued a “buy” rating and set a $245.00 target price on shares of SVB Financial Group in a research note on Friday, November 17th. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research note on Wednesday, December 27th. Maxim Group reissued a “buy” rating and set a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $217.93.

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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.

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

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