Retirement Systems of Alabama reduced its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,217 shares of the bank’s stock after selling 14,285 shares during the period. Retirement Systems of Alabama owned approximately 0.27% of SVB Financial Group worth $26,607,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of SVB Financial Group by 0.3% during the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after buying an additional 4 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of SVB Financial Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after buying an additional 20 shares during the period. Pacer Advisors Inc. lifted its stake in shares of SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after buying an additional 87 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after buying an additional 90 shares during the period. Finally, Utah Retirement Systems lifted its stake in shares of SVB Financial Group by 1.1% during the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 94.52% of the company’s stock.

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SVB Financial Group (SIVB) opened at $212.26 on Tuesday. SVB Financial Group has a fifty-two week low of $144.31 and a fifty-two week high of $223.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $11,016.48, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.00 and a beta of 1.64.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter in the previous year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. equities research analysts expect that SVB Financial Group will post 9.5 EPS for the current fiscal year.

In other SVB Financial Group news, insider Kamran F. Husain sold 2,890 shares of SVB Financial Group stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the transaction, the insider now owns 890 shares of the company’s stock, valued at $195,978. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc C. Cadieux sold 2,260 shares of SVB Financial Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the transaction, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. Insiders sold 7,150 shares of company stock valued at $1,476,106 in the last ninety days. 0.73% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 price objective for the company in a research note on Tuesday, October 31st. Maxim Group restated a “buy” rating and set a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Barclays PLC set a $217.00 target price on shares of SVB Financial Group and gave the company a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Company restated an “outperform” rating and set a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a research report on Thursday, November 9th. Finally, ValuEngine downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $214.00.

About SVB Financial Group

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.

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

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