AMP Capital Investors Ltd boosted its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 40.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,167 shares of the bank’s stock after purchasing an additional 4,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in SVB Financial Group were worth $2,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BDO Wealth Advisors LLC purchased a new position in shares of SVB Financial Group in the 2nd quarter valued at about $109,000. Peddock Capital Advisors LLC purchased a new position in shares of SVB Financial Group in the 2nd quarter valued at about $130,000. Global X Management Co. LLC increased its holdings in shares of SVB Financial Group by 58.6% in the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after acquiring an additional 289 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of SVB Financial Group by 525.6% in the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after acquiring an additional 657 shares during the last quarter. Finally, Tredje AP fonden purchased a new position in shares of SVB Financial Group in the 2nd quarter valued at about $144,000. Institutional investors own 91.77% of the company’s stock.

A number of research analysts have recently commented on SIVB shares. Zacks Investment Research downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Barclays set a $217.00 price objective on SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Maxim Group reiterated a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Wells Fargo & Company reiterated an “outperform” rating and issued a $240.00 price objective (up previously from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, ValuEngine downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $216.21.

Shares of SVB Financial Group (NASDAQ SIVB) opened at $237.55 on Monday. The stock has a market capitalization of $12,530.00, a PE ratio of 26.66, a P/E/G ratio of 2.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $239.40.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. research analysts anticipate that SVB Financial Group will post 9.57 earnings per share for the current year.

In related news, insider Kamran F. Husain sold 2,890 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the sale, the insider now directly owns 890 shares of the company’s stock, valued at approximately $195,978. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the company’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 $3,503,079.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,291 shares of company stock valued at $4,558,918. Insiders own 0.73% of the company’s stock.

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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.

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

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