WINTON GROUP Ltd increased its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 46.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,680 shares of the bank’s stock after buying an additional 6,826 shares during the quarter. WINTON GROUP Ltd’s holdings in SVB Financial Group were worth $6,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in SVB Financial Group by 4.0% in the second quarter. CIBC Asset Management Inc now owns 4,829 shares of the bank’s stock valued at $1,394,000 after purchasing an additional 187 shares in the last quarter. Aureus Asset Management LLC grew its stake in SVB Financial Group by 0.3% in the second quarter. Aureus Asset Management LLC now owns 73,244 shares of the bank’s stock valued at $21,150,000 after purchasing an additional 190 shares in the last quarter. Middleton & Co Inc MA grew its stake in SVB Financial Group by 2.3% in the second quarter. Middleton & Co Inc MA now owns 8,436 shares of the bank’s stock valued at $2,436,000 after purchasing an additional 191 shares in the last quarter. Morse Asset Management Inc grew its stake in SVB Financial Group by 4.1% in the second quarter. Morse Asset Management Inc now owns 5,284 shares of the bank’s stock valued at $1,526,000 after purchasing an additional 209 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in SVB Financial Group by 10.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,551 shares of the bank’s stock valued at $612,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.

In other SVB Financial Group news, insider Gregory W. Becker sold 12,872 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $310.97, for a total value of $4,002,805.84. Following the completion of the sale, the insider now owns 18,039 shares of the company’s stock, valued at $5,609,587.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory W. Becker sold 7,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $325.40, for a total value of $2,277,800.00. The disclosure for this sale can be found here. Insiders sold 20,872 shares of company stock valued at $6,594,766 in the last ninety days. Insiders own 0.74% of the company’s stock.

A number of research analysts have commented on the company. Royal Bank of Canada restated a “buy” rating and issued a $355.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. Zacks Investment Research downgraded SVB Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 31st. BidaskClub downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. SunTrust Banks boosted their target price on SVB Financial Group to $350.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Wedbush boosted their target price on SVB Financial Group from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $354.06.

Shares of NASDAQ:SIVB opened at $324.09 on Friday. SVB Financial Group has a fifty-two week low of $177.72 and a fifty-two week high of $333.74. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 1.70 and a beta of 1.47. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.56. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The company had revenue of $659.10 million during the quarter, compared to analysts’ expectations of $612.75 million. During the same quarter in the previous year, the firm earned $2.32 earnings per share. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. analysts predict that SVB Financial Group will post 17.29 EPS for the current fiscal year.

SVB Financial Group Company Profile

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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