Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of SVB Financial Group (NASDAQ:SIVB) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 45,437 shares of the bank’s stock, valued at approximately $10,905,000. SVB Financial Group makes up 1.1% of Kiwi Wealth Investments Limited Partnership’s investment portfolio, making the stock its 28th largest position. Kiwi Wealth Investments Limited Partnership owned approximately 0.09% of SVB Financial Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIVB. Aperio Group LLC grew its position in SVB Financial Group by 5.7% in the fourth quarter. Aperio Group LLC now owns 16,242 shares of the bank’s stock worth $3,797,000 after acquiring an additional 875 shares in the last quarter. ING Groep NV purchased a new position in SVB Financial Group in the fourth quarter worth $364,000. Teacher Retirement System of Texas purchased a new position in SVB Financial Group in the fourth quarter worth $3,318,000. Daiwa Securities Group Inc. grew its position in SVB Financial Group by 859.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,390 shares of the bank’s stock worth $3,364,000 after acquiring an additional 12,890 shares in the last quarter. Finally, KBC Group NV grew its position in SVB Financial Group by 41.3% in the fourth quarter. KBC Group NV now owns 5,389 shares of the bank’s stock worth $1,260,000 after acquiring an additional 1,576 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of SVB Financial Group from $345.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of SVB Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 31st. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 30th. Morgan Stanley boosted their price target on shares of SVB Financial Group from $280.00 to $335.00 and gave the stock an “overweight” rating in a research note on Monday, April 30th. Finally, SunTrust Banks boosted their price target on shares of SVB Financial Group to $335.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $310.87.

SVB Financial Group opened at $318.05 on Thursday, MarketBeat reports. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.83 and a beta of 1.40. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.42. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $329.65.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, April 26th. The bank reported $3.63 EPS for the quarter, beating the consensus estimate of $3.13 by $0.50. The firm had revenue of $575.38 million during the quarter, compared to the consensus estimate of $535.60 million. SVB Financial Group had a net margin of 26.89% and a return on equity of 14.53%. During the same period in the prior year, the firm posted $1.91 earnings per share. equities analysts anticipate that SVB Financial Group will post 15.95 EPS for the current fiscal year.

In other news, insider Gregory W. Becker sold 3,028 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $233.52, for a total transaction of $707,098.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kate Mitchell sold 737 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $314.78, for a total transaction of $231,992.86. Following the transaction, the director now directly owns 7,949 shares of the company’s stock, valued at $2,502,186.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,043 shares of company stock valued at $2,581,033. Insiders own 0.74% of the company’s stock.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card 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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