Moody National Bank Trust Division Invests $227,000 in SVB Financial Group (NASDAQ:SIVB)

Moody National Bank Trust Division bought a new position in SVB Financial Group (NASDAQ:SIVBGet Rating) in the 2nd quarter, HoldingsChannel reports. The fund bought 574 shares of the bank’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spence Asset Management boosted its position in SVB Financial Group by 0.7% during the second quarter. Spence Asset Management now owns 19,942 shares of the bank’s stock valued at $7,877,000 after purchasing an additional 135 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SVB Financial Group by 10.5% in the first quarter. Bank of America Corp DE now owns 709,564 shares of the bank’s stock worth $396,966,000 after purchasing an additional 67,494 shares during the period. Walleye Capital LLC bought a new position in SVB Financial Group during the first quarter valued at about $7,819,000. Ninety One UK Ltd increased its stake in SVB Financial Group by 67.3% during the first quarter. Ninety One UK Ltd now owns 598,112 shares of the bank’s stock valued at $334,614,000 after acquiring an additional 240,526 shares during the period. Finally, Resources Management Corp CT ADV increased its stake in SVB Financial Group by 6.3% during the first quarter. Resources Management Corp CT ADV now owns 2,402 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 91.48% of the company’s stock.

SVB Financial Group Stock Down 0.2 %

SVB Financial Group stock opened at $365.17 on Wednesday. SVB Financial Group has a fifty-two week low of $354.74 and a fifty-two week high of $763.22. The stock has a market cap of $21.57 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.72. The firm’s 50-day simple moving average is $410.88 and its 200 day simple moving average is $458.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its earnings results 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 net margin of 25.58% and a return on equity of 13.43%. During the same quarter in the previous year, the firm earned $9.09 earnings per share. Research analysts predict that SVB Financial Group will post 29.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SIVB. Keefe, Bruyette & Woods downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $600.00 to $450.00 in a report on Wednesday, August 3rd. Royal Bank of Canada reduced their target price on SVB Financial Group from $515.00 to $495.00 and set an “outperform” rating on the stock in a report on Tuesday, September 13th. Jefferies Financial Group reduced their price objective on SVB Financial Group from $534.00 to $498.00 in a report on Monday, July 11th. Maxim Group dropped their target price on shares of SVB Financial Group from $1,100.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Finally, Oppenheimer cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating and set a $404.85 target price for the company. in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $547.57.

SVB Financial Group Company Profile

(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

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

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