E Fund Management Co. Ltd. Takes Position in SVB Financial Group (NASDAQ:SIVB)

E Fund Management Co. Ltd. bought a new stake in shares of SVB Financial Group (NASDAQ:SIVB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 91 shares of the bank’s stock, valued at approximately $45,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of SVB Financial Group by 3.6% during the first quarter. BlackRock Inc. now owns 4,404,343 shares of the bank’s stock valued at $2,174,247,000 after purchasing an additional 151,778 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of SVB Financial Group by 4.2% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,236,500 shares of the bank’s stock worth $610,411,000 after buying an additional 50,000 shares during the period. Alliancebernstein L.P. boosted its position in shares of SVB Financial Group by 4.5% during the first quarter. Alliancebernstein L.P. now owns 786,963 shares of the bank’s stock worth $388,492,000 after buying an additional 34,019 shares during the period. Janus Henderson Group PLC boosted its position in shares of SVB Financial Group by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 693,552 shares of the bank’s stock worth $268,978,000 after buying an additional 2,439 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in shares of SVB Financial Group by 107.0% during the first quarter. Artisan Partners Limited Partnership now owns 601,177 shares of the bank’s stock worth $296,777,000 after buying an additional 310,820 shares during the period. 90.00% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Truist Securities boosted their price objective on SVB Financial Group from $605.00 to $625.00 in a research report on Monday, April 26th. Janney Montgomery Scott upgraded SVB Financial Group from a “neutral” rating to a “buy” rating and set a $600.00 target price for the company in a research report on Friday, April 23rd. Zacks Investment Research downgraded SVB Financial Group from a “strong-buy” rating to a “hold” rating and set a $547.00 target price for the company. in a research report on Tuesday, March 23rd. Piper Sandler upped their target price on SVB Financial Group from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 11th. Finally, Truist upped their target price on SVB Financial Group from $605.00 to $625.00 in a research report on Monday, April 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $566.60.

In other news, CAO Karen Hon sold 421 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $576.71, for a total value of $242,794.91. Following the transaction, the chief accounting officer now directly owns 3,524 shares of the company’s stock, valued at $2,032,326.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel J. Beck sold 4,646 shares of the company’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $597.61, for a total transaction of $2,776,496.06. Following the completion of the transaction, the chief financial officer now directly owns 4,804 shares in the company, valued at $2,870,918.44. The disclosure for this sale can be found here. Insiders sold 5,325 shares of company stock worth $3,168,819 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Shares of NASDAQ:SIVB opened at $566.47 on Friday. The firm’s fifty day moving average price is $555.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 12-month low of $199.70 and a 12-month high of $608.84. The firm has a market cap of $30.77 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.55 and a beta of 2.07.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, April 22nd. The bank reported $10.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.94 by $3.09. SVB Financial Group had a net margin of 34.63% and a return on equity of 20.13%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $2.55 EPS. The company’s revenue was up 69.9% on a year-over-year basis. Analysts expect that SVB Financial Group will post 28.31 EPS for the current year.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The 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 solutions comprising term loans, equipment and asset-based loans, revolving lines of credit, and credit card programs, as well as mezzanine lending, acquisition finance, and corporate working capital facilities; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, 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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