Grandeur Peak Global Advisors LLC boosted its position in shares of SVB Financial Group (NASDAQ:SIVB) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 50,525 shares of the bank’s stock after acquiring an additional 1,700 shares during the period. SVB Financial Group accounts for about 1.5% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 17th biggest holding. Grandeur Peak Global Advisors LLC’s holdings in SVB Financial Group were worth $11,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of SVB Financial Group by 3.0% in the 4th quarter. BlackRock Inc. now owns 5,104,914 shares of the bank’s stock valued at $1,193,377,000 after buying an additional 146,741 shares in the last quarter. Harding Loevner LP boosted its holdings in shares of SVB Financial Group by 209.0% in the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after buying an additional 3,258,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SVB Financial Group by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after buying an additional 354,948 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of SVB Financial Group by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 995,702 shares of the bank’s stock valued at $186,286,000 after buying an additional 7,440 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of SVB Financial Group by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 462,108 shares of the bank’s stock valued at $107,963,000 after buying an additional 6,947 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

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Several brokerages have recently issued reports on SIVB. Maxim Group restated a “buy” rating and issued a $300.00 target price (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. UBS began coverage on shares of SVB Financial Group in a report on Thursday. They issued a “neutral” rating for the company. Barclays restated a “hold” rating and issued a $273.00 target price on shares of SVB Financial Group in a report on Sunday, January 28th. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley upped their target price on shares of SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $248.62.

Shares of SVB Financial Group stock opened at $261.76 on Thursday. The firm has a market cap of $13,994.10, a price-to-earnings ratio of 28.78, a P/E/G ratio of 1.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $271.79.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). The business had revenue of $545.97 million for the quarter, compared to analyst estimates of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same quarter in the prior year, the company earned $1.89 EPS. analysts forecast that SVB Financial Group will post 13.86 earnings per share for the current year.

In related news, insider Gregory W. Becker sold 4,500 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle Draper sold 2,510 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total transaction of $624,864.50. Following the sale, the insider now owns 7,879 shares of the company’s stock, valued at approximately $1,961,477.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,185 shares of company stock valued at $2,017,574. 0.74% of the stock is owned by company insiders.

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SVB Financial Group 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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