Sei Investments Co. increased its holdings in SVB Financial Group (NASDAQ:SIVB) by 18.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,629 shares of the bank’s stock after buying an additional 6,226 shares during the period. Sei Investments Co. owned about 0.08% of SVB Financial Group worth $11,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of SVB Financial Group by 46.5% in the first quarter. Wells Fargo & Company MN now owns 125,985 shares of the bank’s stock valued at $30,237,000 after buying an additional 39,976 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of SVB Financial Group by 3.1% in the first quarter. Daiwa Securities Group Inc. now owns 14,834 shares of the bank’s stock valued at $3,561,000 after buying an additional 444 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of SVB Financial Group in the first quarter valued at about $919,000. Fulton Bank N.A. raised its holdings in shares of SVB Financial Group by 4.3% in the first quarter. Fulton Bank N.A. now owns 6,426 shares of the bank’s stock valued at $1,542,000 after buying an additional 262 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of SVB Financial Group by 2.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,252 shares of the bank’s stock valued at $1,741,000 after buying an additional 189 shares during the last quarter. 90.56% of the stock is owned by institutional investors.

Shares of NASDAQ:SIVB opened at $320.76 on Friday. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 1.68 and a beta of 1.49. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $333.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.56. The firm had revenue of $659.10 million during the quarter, compared to analysts’ expectations of $612.75 million. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 EPS. sell-side analysts expect that SVB Financial Group will post 17.19 EPS for the current year.

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their price target on SVB Financial Group from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. SunTrust Banks lifted their price target on SVB Financial Group to $350.00 and gave the company a “buy” rating in a report on Monday, July 30th. Maxim Group lifted their price target on SVB Financial Group to $365.00 and gave the company a “buy” rating in a report on Monday, July 30th. Barclays reaffirmed a “hold” rating on shares of SVB Financial Group in a report on Sunday, July 29th. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, July 27th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and a consensus price target of $352.94.

In other news, Director John F. Robinson sold 500 shares of the company’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $304.25, for a total value of $152,125.00. Following the completion of the sale, the director now directly owns 5,517 shares of the company’s stock, valued at approximately $1,678,547.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kate Mitchell sold 737 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $314.78, for a total value of $231,992.86. Following the completion of the sale, the director now directly owns 7,949 shares of the company’s stock, valued at $2,502,186.22. The disclosure for this sale can be found here. Insiders have sold a total of 21,109 shares of company stock valued at $6,664,724 over the last three months. Company insiders own 0.74% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card 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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