Northern Trust Corp lifted its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 484,264 shares of the bank’s stock after purchasing an additional 43,105 shares during the quarter. Northern Trust Corp owned about 0.92% of SVB Financial Group worth $85,128,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Penn Capital Management Co. Inc. boosted its holdings in shares of SVB Financial Group by 129.4% during the second quarter. Penn Capital Management Co. Inc. now owns 15,091 shares of the bank’s stock worth $2,690,000 after purchasing an additional 8,512 shares during the last quarter. Citigroup Inc. raised its position in shares of SVB Financial Group by 39.6% in the 2nd quarter. Citigroup Inc. now owns 2,006 shares of the bank’s stock worth $352,000 after buying an additional 569 shares during the period. Pinebridge Investments L.P. raised its position in shares of SVB Financial Group by 4.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 28,259 shares of the bank’s stock worth $4,968,000 after buying an additional 1,327 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of SVB Financial Group by 280.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 122,624 shares of the bank’s stock worth $21,556,000 after buying an additional 90,360 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in shares of SVB Financial Group in the 2nd quarter worth $4,429,000. Institutional investors and hedge funds own 92.12% of the company’s stock.

In related news, insider Philip C. Cox sold 3,024 shares of SVB Financial Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the sale, the insider now owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the sale, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,524 shares of company stock worth $1,534,052. 0.73% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on the company. BidaskClub raised SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a $191.00 target price (up from $188.00) on shares of SVB Financial Group in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $212.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research report on Sunday, June 11th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. SVB Financial Group has an average rating of “Buy” and an average price target of $202.75.

SVB Financial Group (NASDAQ SIVB) opened at 187.09 on Friday. SVB Financial Group has a 52-week low of $104.84 and a 52-week high of $198.83. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 22.74 and a beta of 1.61. The firm has a 50-day moving average price of $172.02 and a 200 day moving average price of $178.69.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The business had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $451.96 million. During the same period in the previous year, the company posted $1.78 EPS. SVB Financial Group’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that SVB Financial Group will post $8.99 EPS for the current year.

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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.

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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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