Kepos Capital LP Invests $5.80 Million in SVB Financial Group (SIVB)

Kepos Capital LP purchased a new stake in SVB Financial Group (NASDAQ:SIVB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,669 shares of the bank’s stock, valued at approximately $5,803,000.

Several other institutional investors have also bought and sold shares of the stock. Price Capital Management Inc. purchased a new stake in SVB Financial Group during the third quarter worth $124,000. Signaturefd LLC boosted its position in SVB Financial Group by 341.2% during the second quarter. Signaturefd LLC now owns 503 shares of the bank’s stock worth $145,000 after purchasing an additional 389 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in SVB Financial Group during the third quarter worth $146,000. Advisors Preferred LLC purchased a new stake in SVB Financial Group during the second quarter worth $167,000. Finally, Twin Tree Management LP purchased a new stake in SVB Financial Group during the third quarter worth $167,000. Hedge funds and other institutional investors own 88.43% of the company’s stock.

SIVB has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on SVB Financial Group to $378.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. Raymond James decreased their target price on SVB Financial Group from $392.00 to $333.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 26th. Royal Bank of Canada set a $330.00 target price on SVB Financial Group and gave the stock a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, BidaskClub downgraded SVB Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $347.00.

In related news, Director John F. Robinson sold 500 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $324.07, for a total value of $162,035.00. Following the completion of the transaction, the director now directly owns 5,017 shares in the company, valued at $1,625,859.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip C. Cox sold 620 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $238.96, for a total value of $148,155.20. Following the completion of the transaction, the insider now owns 6,511 shares of the company’s stock, valued at $1,555,868.56. The disclosure for this sale can be found here. Insiders sold 2,870 shares of company stock valued at $729,718 over the last quarter. Insiders own 0.74% of the company’s stock.

Shares of NASDAQ:SIVB opened at $254.81 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.14. SVB Financial Group has a 52-week low of $216.32 and a 52-week high of $333.74. The firm has a market capitalization of $13.57 billion, a PE ratio of 15.89, a P/E/G ratio of 1.42 and a beta of 1.68.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 25th. The bank reported $5.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $0.66. The firm had revenue of $703.29 million during the quarter, compared to analyst estimates of $664.51 million. SVB Financial Group had a return on equity of 18.39% and a net margin of 32.44%. On average, equities analysts anticipate that SVB Financial Group will post 17.95 EPS for the current fiscal year.

SVB Financial Group declared that its board has approved a stock buyback plan on Tuesday, November 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the bank to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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

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