Shelton Capital Management Takes Position in SVB Financial Group (SIVB)
Shelton Capital Management bought a new stake in SVB Financial Group (NASDAQ:SIVB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 215,000 shares of the company’s stock, valued at approximately $673,000. Shelton Capital Management owned approximately 0.41% of SVB Financial Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its position in SVB Financial Group by 33.3% in the third quarter. Boston Partners now owns 148,853 shares of the company’s stock valued at $16,454,000 after buying an additional 37,187 shares during the period. Stephens Investment Management Group LLC increased its position in shares of SVB Financial Group by 15.9% in the third quarter. Stephens Investment Management Group LLC now owns 295,504 shares of the company’s stock worth $32,665,000 after buying an additional 40,468 shares during the last quarter. Cambridge Trust Co. increased its position in shares of SVB Financial Group by 73.5% in the third quarter. Cambridge Trust Co. now owns 106,458 shares of the company’s stock worth $11,768,000 after buying an additional 45,090 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of SVB Financial Group by 1.6% in the third quarter. Advantus Capital Management Inc now owns 6,374 shares of the company’s stock worth $705,000 after buying an additional 100 shares during the last quarter. Finally, Harding Loevner LP increased its position in shares of SVB Financial Group by 0.3% in the third quarter. Harding Loevner LP now owns 2,891,241 shares of the company’s stock worth $319,598,000 after buying an additional 7,558 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
SVB Financial Group (NASDAQ:SIVB) traded down 0.72% during mid-day trading on Thursday, reaching $184.41. 368,825 shares of the company’s stock traded hands. SVB Financial Group has a 1-year low of $80.31 and a 1-year high of $187.48. The stock has a market cap of $9.64 billion, a P/E ratio of 25.23 and a beta of 1.47. The firm has a 50-day moving average price of $174.98 and a 200-day moving average price of $138.74.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.10. SVB Financial Group had a net margin of 23.19% and a return on equity of 10.45%. During the same period in the prior year, the business posted $1.68 EPS. Equities research analysts anticipate that SVB Financial Group will post $8.54 EPS for the current fiscal year.
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A number of research analysts recently commented on SIVB shares. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research report on Tuesday, October 25th. Barclays PLC downgraded shares of SVB Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $127.00 to $130.00 in a research report on Tuesday, November 1st. They noted that the move was a valuation call. Royal Bank Of Canada boosted their price objective on shares of SVB Financial Group from $125.00 to $146.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. JMP Securities boosted their price objective on shares of SVB Financial Group from $195.00 to $200.00 in a research report on Friday, January 27th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $146.00 price objective (up from $125.00) on shares of SVB Financial Group in a research report on Thursday, November 10th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. SVB Financial Group currently has an average rating of “Buy” and a consensus target price of $149.82.
In related news, CFO Michael Descheneaux sold 13,183 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $2,248,228.82. Following the sale, the chief financial officer now directly owns 18,181 shares in the company, valued at approximately $3,100,587.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Edmonds-Waters sold 5,680 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $181.15, for a total transaction of $1,028,932.00. Following the completion of the sale, the insider now owns 7,556 shares in the company, valued at $1,368,769.40. The disclosure for this sale can be found here. Insiders sold a total of 31,442 shares of company stock worth $5,492,723 over the last quarter. 0.78% of the stock is currently owned by corporate insiders.
SVB Financial Group Company Profile
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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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