New England Research & Management Inc. Takes Position in SVB Financial Group (SIVB)

New England Research & Management Inc. acquired a new position in SVB Financial Group (NASDAQ:SIVB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,175 shares of the bank’s stock, valued at approximately $261,000.

Other hedge funds also recently bought and sold shares of the company. We Are One Seven LLC grew its holdings in shares of SVB Financial Group by 5.9% in the 4th quarter. We Are One Seven LLC now owns 1,090 shares of the bank’s stock valued at $207,000 after buying an additional 61 shares during the period. Park National Corp OH boosted its stake in SVB Financial Group by 3.9% in the 4th quarter. Park National Corp OH now owns 2,275 shares of the bank’s stock worth $432,000 after purchasing an additional 85 shares during the period. Harrington Investments INC boosted its stake in SVB Financial Group by 0.7% in the 4th quarter. Harrington Investments INC now owns 16,291 shares of the bank’s stock worth $3,094,000 after purchasing an additional 107 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in SVB Financial Group by 135.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock worth $37,000 after purchasing an additional 111 shares during the period. Finally, Synovus Financial Corp boosted its stake in SVB Financial Group by 2.1% in the 4th quarter. Synovus Financial Corp now owns 6,055 shares of the bank’s stock worth $1,146,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 91.17% of the company’s stock.

In other SVB Financial Group news, insider John China sold 11,200 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $249.12, for a total transaction of $2,790,144.00. Following the transaction, the insider now owns 22,172 shares in the company, valued at approximately $5,523,488.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michelle Draper sold 1,748 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $238.44, for a total transaction of $416,793.12. Following the transaction, the insider now owns 7,573 shares in the company, valued at approximately $1,805,706.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,617 shares of company stock worth $4,096,266. 0.73% of the stock is owned by company insiders.

SIVB has been the subject of a number of research analyst reports. ValuEngine raised shares of SVB Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Piper Jaffray Companies reduced their target price on shares of SVB Financial Group to $285.00 and set an “overweight” rating for the company in a research note on Thursday, January 3rd. Morgan Stanley reduced their target price on shares of SVB Financial Group from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $242.00 target price for the company in a research note on Tuesday, January 15th. Finally, Royal Bank of Canada reduced their target price on shares of SVB Financial Group to $300.00 and set an “outperform” rating for the company in a research note on Friday, January 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $311.96.

Shares of SIVB stock traded up $0.27 on Friday, reaching $247.63. The stock had a trading volume of 1,106,639 shares, compared to its average volume of 512,316. SVB Financial Group has a 12 month low of $177.70 and a 12 month high of $333.74. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.65 and a beta of 2.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 EPS for the quarter, beating the Zacks’ consensus estimate of $4.73 by $0.71. SVB Financial Group had a net margin of 35.87% and a return on equity of 19.90%. The business had revenue of $793.26 million for the quarter, compared to analyst estimates of $744.49 million. During the same quarter in the prior year, the business earned $3.63 EPS. Sell-side analysts predict that SVB Financial Group will post 20.22 EPS for the current fiscal year.

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SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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

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