SVB Financial Group (NASDAQ:SIVB) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in SVB Financial Group (NASDAQ:SIVB – Get Rating) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,677 shares of the bank’s stock after purchasing an additional 1,773 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SVB Financial Group were worth $2,917,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in SVB Financial Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 6,501,639 shares of the bank’s stock worth $2,183,121,000 after acquiring an additional 77,764 shares during the period. State Street Corp grew its holdings in SVB Financial Group by 9.3% during the third quarter. State Street Corp now owns 3,077,777 shares of the bank’s stock worth $1,033,456,000 after acquiring an additional 261,078 shares during the period. Alecta Tjanstepension Omsesidigt grew its holdings in SVB Financial Group by 9.3% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 2,633,100 shares of the bank’s stock worth $605,613,000 after acquiring an additional 225,000 shares during the period. Artisan Partners Limited Partnership grew its holdings in SVB Financial Group by 82.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,413,144 shares of the bank’s stock worth $474,505,000 after acquiring an additional 638,862 shares during the period. Finally, Royal Bank of Canada grew its holdings in SVB Financial Group by 2.7% in the third quarter. Royal Bank of Canada now owns 1,235,205 shares of the bank’s stock valued at $414,759,000 after purchasing an additional 32,214 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Maxim Group downgraded SVB Financial Group from a “buy” rating to a “sell” rating in a research report on Friday, March 10th. Raymond James downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 10th. Wedbush reduced their price objective on SVB Financial Group from $250.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. The Goldman Sachs Group lifted their price objective on SVB Financial Group from $280.00 to $312.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Finally, Truist Financial downgraded SVB Financial Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $174.00 to $100.00 in a research report on Friday, March 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SVB Financial Group presently has a consensus rating of “Hold” and an average target price of $338.39.

SVB Financial Group Trading Down 62.8 %

Shares of NASDAQ SIVB opened at $39.40 on Monday. SVB Financial Group has a twelve month low of $39.40 and a twelve month high of $597.16. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $22.48 and a 200-day simple moving average of $170.28. The stock has a market capitalization of $2.33 billion, a PE ratio of 1.55, a PEG ratio of 0.91 and a beta of 1.57.

Insider Activity

In related news, CFO Daniel J. Beck sold 2,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $287.59, for a total transaction of $575,180.00. Following the completion of the transaction, the chief financial officer now directly owns 4,207 shares of the company’s stock, valued at approximately $1,209,891.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $287.42, for a total transaction of $3,578,666.42. Following the transaction, the chief executive officer now owns 92,552 shares in the company, valued at approximately $26,601,295.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel J. Beck sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $287.59, for a total value of $575,180.00. Following the transaction, the chief financial officer now owns 4,207 shares in the company, valued at approximately $1,209,891.13. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

About SVB Financial Group

(Get Rating)

SVB Financial Group is a holding company, which engages in the provision of banking and financial services to clients primarily in the technology and life science/healthcare industries, as well as global private equity and venture capital clients. It operates through the following segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities.