National Asset Management Inc. Grows Position in SVB Financial Group (NASDAQ:SIVB)

National Asset Management Inc. boosted its stake in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) by 44.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,533 shares of the bank’s stock after purchasing an additional 473 shares during the period. National Asset Management Inc.’s holdings in SVB Financial Group were worth $858,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of SVB Financial Group in the 4th quarter valued at $25,000. Charter Oak Capital Management LLC purchased a new stake in shares of SVB Financial Group in the 4th quarter valued at $28,000. McDonald Partners LLC purchased a new stake in shares of SVB Financial Group in the 4th quarter valued at $33,000. CVA Family Office LLC boosted its holdings in shares of SVB Financial Group by 140.0% in the 1st quarter. CVA Family Office LLC now owns 60 shares of the bank’s stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in shares of SVB Financial Group in the 1st quarter valued at $45,000. 88.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Garen K. Staglin sold 500 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $504.03, for a total value of $252,015.00. Following the completion of the sale, the director now directly owns 14,180 shares in the company, valued at $7,147,145.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Garen K. Staglin sold 500 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $504.03, for a total value of $252,015.00. Following the completion of the sale, the director now directly owns 14,180 shares in the company, valued at $7,147,145.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Michelle Draper sold 50 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $524.79, for a total transaction of $26,239.50. Following the completion of the sale, the chief marketing officer now owns 3,184 shares of the company’s stock, valued at $1,670,931.36. The disclosure for this sale can be found here. Insiders sold 1,840 shares of company stock worth $919,852 over the last three months. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SIVB. Jefferies Financial Group dropped their price objective on shares of SVB Financial Group from $534.00 to $498.00 in a report on Monday, July 11th. Raymond James dropped their price objective on shares of SVB Financial Group from $565.00 to $480.00 in a report on Friday. The Goldman Sachs Group dropped their price objective on shares of SVB Financial Group from $674.00 to $554.50 and set a “buy” rating on the stock in a report on Tuesday, May 31st. Barclays lowered their price target on shares of SVB Financial Group from $789.00 to $638.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Evercore ISI raised shares of SVB Financial Group from an “in-line” rating to an “outperform” rating and set a $430.00 price target on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $582.34.

SVB Financial Group Stock Performance

NASDAQ:SIVB opened at $391.16 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. The company has a fifty day moving average of $429.01 and a two-hundred day moving average of $519.34. The stock has a market capitalization 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 has a fifty-two week low of $355.37 and a fifty-two week high of $763.22.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $7.76 by ($2.16). SVB Financial Group had a return on equity of 13.43% and a net margin of 25.58%. During the same quarter last year, the firm earned $9.09 EPS. As a group, research analysts forecast that SVB Financial Group will post 35.37 earnings per share for the current fiscal year.

SVB Financial Group Company Profile

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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.