SVB Financial Group (SIVB) Shares Bought by Andra AP fonden
Andra AP fonden boosted its stake in SVB Financial Group (NASDAQ:SIVB) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,100 shares of the bank’s stock after purchasing an additional 1,600 shares during the period. Andra AP fonden’s holdings in SVB Financial Group were worth $2,638,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in SVB Financial Group by 16.5% in the 2nd quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after purchasing an additional 748,591 shares during the period. Vanguard Group Inc. grew its position in SVB Financial Group by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock worth $769,356,000 after purchasing an additional 170,941 shares during the period. State Street Corp grew its position in SVB Financial Group by 13.5% in the 2nd quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after purchasing an additional 288,697 shares during the period. JPMorgan Chase & Co. grew its position in SVB Financial Group by 41.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock worth $375,282,000 after purchasing an additional 629,917 shares during the period. Finally, Capital Research Global Investors grew its position in SVB Financial Group by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 2,106,730 shares of the bank’s stock worth $370,342,000 after purchasing an additional 45,620 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.
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In related news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total value of $344,020.00. Following the completion of the transaction, the director now owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was 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 a total of 7,150 shares of company stock valued at $1,476,106 in the last ninety days. 0.73% of the stock is currently owned by insiders.
SVB Financial Group (NASDAQ SIVB) opened at $208.88 on Friday. The firm has a market cap of $10,982.20, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.99 and a beta of 1.64. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 1-year low of $138.16 and a 1-year high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. SVB Financial Group’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. analysts expect that SVB Financial Group will post 9.5 earnings per share for the current fiscal year.
SIVB has been the subject of a number of research analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Stephens reaffirmed a “buy” rating and issued a $205.00 target price on shares of SVB Financial Group in a research report on Friday, July 28th. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. 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, Keefe, Bruyette & Woods reissued a “buy” rating and set a $195.00 price objective on shares of SVB Financial Group in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $214.00.
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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