SG Americas Securities LLC Raises Holdings in SVB Financial Group (NASDAQ:SIVB)

SG Americas Securities LLC increased its stake in shares of SVB Financial Group (NASDAQ:SIVBGet Rating) by 107.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,437 shares of the bank’s stock after purchasing an additional 1,780 shares during the quarter. SG Americas Securities LLC’s holdings in SVB Financial Group were worth $1,923,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Park Avenue Securities LLC increased its holdings in shares of SVB Financial Group by 7.6% in the first quarter. Park Avenue Securities LLC now owns 1,704 shares of the bank’s stock valued at $953,000 after purchasing an additional 120 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of SVB Financial Group by 43.3% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 10,727 shares of the bank’s stock valued at $6,001,000 after acquiring an additional 3,241 shares in the last quarter. Full18 Capital LLC purchased a new position in shares of SVB Financial Group in the first quarter valued at approximately $12,899,000. Nisa Investment Advisors LLC lifted its position in shares of SVB Financial Group by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 14,761 shares of the bank’s stock valued at $8,258,000 after acquiring an additional 198 shares in the last quarter. Finally, Tran Capital Management L.P. lifted its position in SVB Financial Group by 37.2% during the first quarter. Tran Capital Management L.P. now owns 41,384 shares of the bank’s stock worth $23,152,000 after buying an additional 11,230 shares in the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SVB Financial Group

In other SVB Financial Group news, CMO Michelle Draper sold 50 shares of the stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $524.79, for a total value of $26,239.50. Following the completion of the sale, the chief marketing officer now owns 3,184 shares in the company, valued at $1,670,931.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other SVB Financial Group news, CMO Michelle Draper sold 50 shares of SVB Financial Group stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $524.79, for a total value of $26,239.50. Following the completion of the sale, the chief marketing officer now owns 3,184 shares in the company, valued at approximately $1,670,931.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Garen K. Staglin sold 500 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $484.41, for a total transaction of $242,205.00. Following the sale, 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 sold 1,840 shares of company stock valued at $919,852 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

SVB Financial Group Stock Performance

NASDAQ:SIVB opened at $391.16 on Tuesday. The firm’s 50-day moving average is $429.01 and its 200-day moving average is $519.34. SVB Financial Group has a 52-week low of $355.37 and a 52-week high of $763.22. 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 market cap of $23.02 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.28 and a beta of 1.83.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its quarterly earnings results on Thursday, July 21st. The bank reported $5.60 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $9.09 earnings per share. Equities research analysts anticipate that SVB Financial Group will post 35.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SIVB shares. Janney Montgomery Scott raised SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 target price for the company in a research note on Friday, April 22nd. downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Barclays reduced their target price on SVB Financial Group from $789.00 to $638.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group reduced their target price on SVB Financial Group from $534.00 to $498.00 in a report on Monday, July 11th. Finally, Oppenheimer reduced their price objective on SVB Financial Group from $640.00 to $591.00 in a research note on Friday. One research 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. Based on data from MarketBeat.com, SVB Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $582.34.

About SVB Financial Group

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVBGet Rating).

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

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.