Northern Trust Corp grew its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 1.9% in the 1st quarter, Holdings Channel reports. The firm owned 552,857 shares of the bank’s stock after acquiring an additional 10,179 shares during the quarter. Northern Trust Corp’s holdings in SVB Financial Group were worth $122,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. OppenheimerFunds Inc. grew its holdings in SVB Financial Group by 182.4% in the 1st quarter. OppenheimerFunds Inc. now owns 453,143 shares of the bank’s stock worth $100,760,000 after buying an additional 292,696 shares in the last quarter. Bridgecreek Investment Management LLC grew its holdings in SVB Financial Group by 44.8% in the 1st quarter. Bridgecreek Investment Management LLC now owns 25,980 shares of the bank’s stock worth $5,777,000 after buying an additional 8,040 shares in the last quarter. Private Advisor Group LLC bought a new position in SVB Financial Group in the 1st quarter worth approximately $793,000. State of Wisconsin Investment Board grew its holdings in SVB Financial Group by 33.4% in the 1st quarter. State of Wisconsin Investment Board now owns 48,953 shares of the bank’s stock worth $10,885,000 after buying an additional 12,248 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in SVB Financial Group by 2.0% in the 1st quarter. King Luther Capital Management Corp now owns 10,675 shares of the bank’s stock worth $2,374,000 after buying an additional 210 shares in the last quarter. 91.05% of the stock is owned by institutional investors.

In other news, insider Christopher Edmonds-Waters sold 204 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $256.01, for a total transaction of $52,226.04. Following the completion of the sale, the insider now owns 3,494 shares in the company, valued at approximately $894,498.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John S. Clendening acquired 900 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $221.12 per share, with a total value of $199,008.00. Following the transaction, the director now directly owns 1,729 shares in the company, valued at approximately $382,316.48. The disclosure for this purchase can be found here. Insiders have sold a total of 9,183 shares of company stock valued at $2,213,623 in the last quarter. Insiders own 0.73% of the company’s stock.

A number of equities analysts have issued reports on the company. Raymond James increased their price target on SVB Financial Group from $280.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Friday, April 26th. BidaskClub lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. ValuEngine lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Sanford C. Bernstein lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 28th. Finally, Piper Jaffray Companies increased their price target on SVB Financial Group from $279.00 to $289.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $309.49.

Shares of NASDAQ SIVB opened at $217.54 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.38 and a beta of 2.12. SVB Financial Group has a 1 year low of $177.70 and a 1 year high of $333.74.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.71. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. The company had revenue of $793.26 million during the quarter, compared to the consensus estimate of $744.49 million. During the same quarter in the prior year, the firm earned $3.63 EPS. Equities research analysts forecast that SVB Financial Group will post 20.63 earnings per share for the current year.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. 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 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 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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