SVB Financial Group (SIVB) Shares Sold by Seaward Management Limited Partnership

Seaward Management Limited Partnership decreased its stake in SVB Financial Group (NASDAQ:SIVB) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 82,587 shares of the bank’s stock after selling 1,685 shares during the quarter. Seaward Management Limited Partnership’s holdings in SVB Financial Group were worth $19,306,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of SVB Financial Group by 39.6% in the 2nd quarter. Citigroup Inc. now owns 2,006 shares of the bank’s stock valued at $352,000 after purchasing an additional 569 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of SVB Financial Group by 18.2% in the 2nd quarter. Advisor Group Inc. now owns 3,050 shares of the bank’s stock valued at $536,000 after purchasing an additional 469 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of SVB Financial Group by 61.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 101,995 shares of the bank’s stock valued at $17,930,000 after purchasing an additional 38,961 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of SVB Financial Group by 15.4% in the 2nd quarter. Stifel Financial Corp now owns 32,598 shares of the bank’s stock valued at $5,735,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of SVB Financial Group in the 2nd quarter valued at $393,000. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Marc C. Cadieux sold 2,260 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total transaction of $2,213,019.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,401 shares of company stock valued at $3,922,540. Corporate insiders own 0.73% of the company’s stock.

Shares of SVB Financial Group (SIVB) traded down $0.47 on Wednesday, reaching $246.55. 373,650 shares of the company’s stock traded hands, compared to its average volume of 403,764. The stock has a market cap of $13,050.00, a PE ratio of 26.80, a P/E/G ratio of 1.64 and a beta of 1.62. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $263.09.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). The firm had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same period in the previous year, the company earned $1.89 EPS. analysts predict that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on SIVB. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research note on Friday, November 17th. FIG Partners cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, January 26th. Wells Fargo & Co reissued an “outperform” rating and set a $280.00 price target (up previously from $240.00) on shares of SVB Financial Group in a research report on Tuesday, January 9th. Finally, Morgan Stanley increased their price target on shares of SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $239.92.

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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.

Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVB).

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

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