Atria Investments LLC Sells 619 Shares of SVB Financial Group (NASDAQ:SIVB)

Atria Investments LLC reduced its stake in shares of SVB Financial Group (NASDAQ:SIVBGet Rating) by 19.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,645 shares of the bank’s stock after selling 619 shares during the quarter. Atria Investments LLC’s holdings in SVB Financial Group were worth $1,480,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SIVB. Fifth Third Bancorp grew its stake in shares of SVB Financial Group by 47.6% during the first quarter. Fifth Third Bancorp now owns 23,428 shares of the bank’s stock valued at $13,107,000 after buying an additional 7,556 shares during the last quarter. Bank of New Hampshire bought a new position in shares of SVB Financial Group during the first quarter valued at approximately $57,000. Xponance Inc. grew its stake in shares of SVB Financial Group by 6.3% during the first quarter. Xponance Inc. now owns 3,896 shares of the bank’s stock valued at $2,180,000 after buying an additional 232 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of SVB Financial Group during the fourth quarter valued at approximately $3,290,000. Finally, CIBC World Markets Inc. boosted its holdings in shares of SVB Financial Group by 24.6% in the fourth quarter. CIBC World Markets Inc. now owns 13,498 shares of the bank’s stock valued at $9,155,000 after purchasing an additional 2,667 shares during the period. 88.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SIVB. Morgan Stanley lowered their price target on SVB Financial Group from $523.00 to $493.00 and set an “overweight” rating for the company in a report on Friday. Jefferies Financial Group lowered their price target on SVB Financial Group from $534.00 to $498.00 in a report on Monday, July 11th. The Goldman Sachs Group lowered their price target on SVB Financial Group from $674.00 to $554.50 and set a “buy” rating for the company in a report on Tuesday, May 31st. Wedbush lowered SVB Financial Group from an “outperform” rating to a “neutral” rating in a report on Thursday, June 30th. Finally, Wolfe Research lowered their target price on SVB Financial Group from $723.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $582.34.

SVB Financial Group Stock Performance

Shares of SIVB opened at $391.16 on Tuesday. SVB Financial Group has a 12 month low of $355.37 and a 12 month high of $763.22. The stock has a fifty day moving average price of $429.01 and a 200-day moving average price of $519.34. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.27. The firm has a market cap of $23.02 billion, a PE ratio of 15.06, a P/E/G ratio of 1.28 and a beta of 1.83.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its earnings results on Thursday, July 21st. The bank reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($2.16). SVB Financial Group had a net margin of 25.58% and a return on equity of 13.43%. During the same period last year, the company earned $9.09 earnings per share. Equities research analysts predict that SVB Financial Group will post 35.37 earnings per share for the current fiscal year.

Insider Activity at SVB Financial Group

In related news, CMO Michelle Draper sold 50 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $524.79, for a total value of $26,239.50. Following the transaction, the chief marketing officer now directly owns 3,184 shares of the company’s stock, valued at approximately $1,670,931.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CMO Michelle Draper sold 50 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $524.79, for a total value of $26,239.50. Following the transaction, the chief marketing officer now directly owns 3,184 shares of the company’s stock, valued at approximately $1,670,931.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Garen K. Staglin sold 500 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $484.41, for a total value of $242,205.00. Following the completion of the transaction, the director now directly owns 13,680 shares in the company, valued at $6,626,728.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,840 shares of company stock valued at $919,852 in the last ninety days. Company insiders own 0.62% of the company’s stock.

About SVB Financial Group

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SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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