Pioneer Investment Management Inc. raised its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 54.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 79,461 shares of the bank’s stock after buying an additional 28,077 shares during the period. Pioneer Investment Management Inc.’s holdings in SVB Financial Group were worth $13,968,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Moody Lynn & Lieberson LLC raised its stake in SVB Financial Group by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,942 shares of the bank’s stock valued at $547,000 after buying an additional 8 shares during the period. Capital One National Association raised its stake in SVB Financial Group by 0.8% in the first quarter. Capital One National Association now owns 4,342 shares of the bank’s stock valued at $808,000 after buying an additional 35 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in SVB Financial Group by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,015 shares of the bank’s stock valued at $1,678,000 after buying an additional 38 shares during the period. Teacher Retirement System of Texas raised its stake in SVB Financial Group by 1.8% in the first quarter. Teacher Retirement System of Texas now owns 4,130 shares of the bank’s stock valued at $769,000 after buying an additional 75 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in SVB Financial Group by 4.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,217 shares of the bank’s stock valued at $413,000 after buying an additional 90 shares during the period. 95.12% of the stock is currently owned by institutional investors and hedge funds.

SVB Financial Group (NASDAQ:SIVB) opened at 172.03 on Friday. SVB Financial Group has a 1-year low of $103.05 and a 1-year high of $198.83. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 20.91 and a beta of 1.59. The company has a 50-day moving average of $179.24 and a 200-day moving average of $181.13.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.27. The company had revenue of $471.70 million for the quarter, compared to the consensus estimate of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Analysts anticipate that SVB Financial Group will post $8.98 earnings per share for the current fiscal year.

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Several research firms have commented on SIVB. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday. Maxim Group increased their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, July 31st. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Stephens reiterated a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a research note on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $212.00 price objective on shares of SVB Financial Group in a research note on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. SVB Financial Group has a consensus rating of “Buy” and a consensus price target of $202.75.

In other SVB Financial Group news, insider Philip C. Cox sold 3,024 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at $525,001.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Descheneaux sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the sale, the chief financial officer now directly owns 18,419 shares of the company’s stock, valued at $3,396,095.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,314 shares of company stock worth $4,085,570. 0.73% of the stock is owned by insiders.

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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