Moody Aldrich Partners LLC purchased a new stake in SVB Financial Group (NASDAQ:SIVB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,303 shares of the bank’s stock, valued at approximately $281,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in shares of SVB Financial Group by 77.4% in the 1st quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of SVB Financial Group by 63.9% in the 4th quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock valued at $50,000 after acquiring an additional 85 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of SVB Financial Group by 30.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Clean Yield Group lifted its stake in shares of SVB Financial Group by 177.8% in the 1st quarter. Clean Yield Group now owns 350 shares of the bank’s stock valued at $53,000 after acquiring an additional 224 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of SVB Financial Group in the 1st quarter valued at $67,000. Institutional investors own 90.74% of the company’s stock.
In other news, insider John China sold 1,264 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $200.00, for a total value of $252,800.00. Following the completion of the sale, the insider now directly owns 22,279 shares in the company, valued at approximately $4,455,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Descheneaux sold 1,050 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $183.01, for a total value of $192,160.50. Following the completion of the sale, the insider now owns 23,115 shares of the company’s stock, valued at $4,230,276.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,476 shares of company stock valued at $4,811,007. 0.78% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on SIVB shares. JPMorgan Chase & Co. increased their price objective on SVB Financial Group from $250.00 to $275.00 in a report on Friday, July 24th. TheStreet upgraded SVB Financial Group from a “c” rating to a “b-” rating in a report on Thursday, June 4th. Royal Bank of Canada increased their price objective on SVB Financial Group from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 24th. UBS Group increased their price objective on SVB Financial Group from $154.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, SunTrust Banks increased their price objective on SVB Financial Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $232.63.
Shares of SIVB traded down $1.08 during trading hours on Friday, hitting $224.27. The stock had a trading volume of 300,320 shares, compared to its average volume of 282,998. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $215.17 and a 200-day simple moving average of $206.69. The firm has a market capitalization of $11.55 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.99 and a beta of 2.25. SVB Financial Group has a 1-year low of $127.39 and a 1-year high of $270.95.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, July 23rd. The bank reported $4.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.96 by $1.46. The company had revenue of $881.78 million during the quarter, compared to the consensus estimate of $757.21 million. SVB Financial Group had a return on equity of 13.61% and a net margin of 25.26%. During the same period last year, the business posted $6.08 EPS. Equities analysts predict that SVB Financial Group will post 14.1 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. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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