CI Investments Inc. acquired a new stake in shares of SVB Financial Group (NASDAQ:SIVB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 512,600 shares of the bank’s stock, valued at approximately $95,902,000. CI Investments Inc. owned about 0.97% of SVB Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of SIVB. Harbour Capital Advisors LLC increased its position in SVB Financial Group by 17,141.0% during the second quarter. Harbour Capital Advisors LLC now owns 1,389,972 shares of the bank’s stock valued at $7,907,000 after acquiring an additional 1,381,910 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in SVB Financial Group during the second quarter valued at $173,726,000. BlackRock Inc. increased its position in SVB Financial Group by 16.5% during the second quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock valued at $929,507,000 after acquiring an additional 748,591 shares during the last quarter. JPMorgan Chase & Co. increased its position in SVB Financial Group by 41.9% during the second quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock valued at $375,282,000 after acquiring an additional 629,917 shares during the last quarter. Finally, State Street Corp increased its position in SVB Financial Group by 13.5% in the second quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after buying an additional 288,697 shares in the last quarter. Institutional investors own 94.52% of the company’s stock.

SVB Financial Group (SIVB) traded up $0.65 during midday trading on Monday, hitting $208.88. The stock had a trading volume of 278,700 shares, compared to its average volume of 494,969. The company has a market capitalization of $11,016.48, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.00 and a beta of 1.64. 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 has a 1 year low of $138.16 and a 1 year high of $223.82.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.12 earnings per share. sell-side analysts forecast that SVB Financial Group will post 9.5 earnings per share for the current fiscal year.

SIVB has been the subject of a number of analyst reports. BidaskClub cut SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stephens restated a “buy” rating and issued a $205.00 price target on shares of SVB Financial Group in a research report on Friday, July 28th. Maxim Group upped their price target on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $216.00 price target on shares of SVB Financial Group in a research report on Friday, August 11th. Finally, ValuEngine upgraded SVB Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $214.00.

ILLEGAL ACTIVITY WARNING: “CI Investments Inc. Acquires New Stake in SVB Financial Group (SIVB)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/ci-investments-inc-acquires-new-stake-in-svb-financial-group-sivb/1700530.html.

In other 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 transaction, the insider now owns 890 shares of the company’s stock, valued at $195,978. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the transaction, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,150 shares of company stock valued at $1,476,106. Corporate insiders own 0.73% of the company’s stock.

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)

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with Analyst Ratings Network's FREE daily email newsletter.