Samlyn Capital LLC Invests $25.23 Million in SVB Financial Group (SIVB)
Samlyn Capital LLC purchased a new stake in SVB Financial Group (NASDAQ:SIVB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 143,508 shares of the bank’s stock, valued at approximately $25,227,000. Samlyn Capital LLC owned approximately 0.27% of SVB Financial Group as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Trust N.A. increased its holdings in SVB Financial Group by 0.3% in 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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 valued at $1,347,000 after acquiring an additional 20 shares in the last quarter. Teacher Retirement System of Texas raised its position in SVB Financial Group by 1.8% during the first quarter. Teacher Retirement System of Texas now owns 4,130 shares of the bank’s stock valued at $769,000 after acquiring an additional 75 shares in the last quarter. Pacer Advisors Inc. raised its position in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after acquiring an additional 90 shares in the last quarter. 92.12% of the stock is owned by institutional investors and hedge funds.
In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the sale, the insider now owns 14,064 shares in the company, valued at $2,560,632.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction dated 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 transaction, 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 owned by corporate insiders.
SVB Financial Group (SIVB) traded down 0.64% on Tuesday, reaching $186.75. 80,487 shares of the company were exchanged. The stock has a 50 day moving average of $172.61 and a 200 day moving average of $177.98. The firm has a market capitalization of $9.84 billion, a PE ratio of 22.70 and a beta of 1.63. SVB Financial Group has a 12-month low of $109.67 and a 12-month high of $198.83.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data 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 return on equity of 11.27% and a net margin of 24.36%. The company had revenue of $471.70 million during the quarter, compared to the consensus estimate of $451.96 million. During the same quarter in the prior year, the firm posted $1.78 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts anticipate that SVB Financial Group will post $8.99 EPS for the current year.
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SIVB has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research note on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $195.00 price target on shares of SVB Financial Group in a research note on Friday, July 14th. Morgan Stanley increased their price target on shares of SVB Financial Group from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Maxim Group raised their price target on shares of SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Stephens restated a “buy” rating and set a $205.00 price target on shares of SVB Financial Group in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $202.75.
SVB Financial Group 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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