California Public Employees Retirement System lifted its holdings in SVB Financial Group (NASDAQ:SIVB) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,055 shares of the bank’s stock after acquiring an additional 5,155 shares during the period. California Public Employees Retirement System owned 0.26% of SVB Financial Group worth $26,016,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oakbrook Investments LLC lifted its holdings in shares of SVB Financial Group by 84.3% in the 3rd quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock valued at $767,000 after acquiring an additional 1,875 shares during the last quarter. Strs Ohio lifted its stake in SVB Financial Group by 4.3% in the third quarter. Strs Ohio now owns 407,764 shares of the bank’s stock worth $76,288,000 after purchasing an additional 16,811 shares during the last quarter. Principal Financial Group Inc. lifted its stake in SVB Financial Group by 6.8% in the second quarter. Principal Financial Group Inc. now owns 223,271 shares of the bank’s stock worth $39,249,000 after purchasing an additional 14,145 shares during the last quarter. Comerica Bank lifted its stake in SVB Financial Group by 0.9% in the second quarter. Comerica Bank now owns 42,407 shares of the bank’s stock worth $7,560,000 after purchasing an additional 365 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in SVB Financial Group by 14.4% in the second quarter. Synovus Financial Corp now owns 7,139 shares of the bank’s stock worth $1,253,000 after purchasing an additional 897 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on SIVB. Morgan Stanley reissued an “overweight” rating and issued a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reissued a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research note on Friday, November 17th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $240.00 price objective (up previously from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $216.21.

In other news, insider Christopher Edmonds-Waters sold 3,630 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the transaction, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction that occurred on 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 have sold 20,291 shares of company stock worth $4,558,918. Corporate insiders own 0.73% of the company’s stock.

SVB Financial Group (NASDAQ SIVB) opened at $240.65 on Tuesday. The company has a market cap of $12,528.63, a P/E ratio of 26.66, a PEG ratio of 2.26 and a beta of 1.62. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $242.92. 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 (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $2.12 earnings per share. research analysts anticipate that SVB Financial Group will post 9.57 EPS for the current year.

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About SVB Financial Group

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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