SVB Financial Group (SIVB) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its holdings in SVB Financial Group (NASDAQ:SIVB) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,842 shares of the bank’s stock after selling 6,590 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SVB Financial Group were worth $8,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIVB. Vanguard Group Inc boosted its holdings in shares of SVB Financial Group by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 5,596,383 shares of the bank’s stock worth $1,739,523,000 after purchasing an additional 121,374 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of SVB Financial Group by 2.5% in the 4th quarter. BlackRock Inc. now owns 3,840,775 shares of the bank’s stock worth $729,440,000 after purchasing an additional 93,131 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of SVB Financial Group by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 1,063,554 shares of the bank’s stock worth $201,990,000 after purchasing an additional 57,752 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SVB Financial Group by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 713,667 shares of the bank’s stock worth $135,307,000 after purchasing an additional 33,689 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of SVB Financial Group by 2.8% in the 4th quarter. Northern Trust Corp now owns 542,678 shares of the bank’s stock worth $103,065,000 after purchasing an additional 14,982 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

A number of equities analysts have recently issued reports on SIVB shares. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a report on Wednesday, January 23rd. Royal Bank of Canada cut their price objective on SVB Financial Group to $300.00 and set an “outperform” rating for the company in a report on Friday, January 25th. They noted that the move was a valuation call. Piper Jaffray Companies set a $291.00 price objective on SVB Financial Group and gave the stock a “buy” rating in a report on Friday, January 25th. SunTrust Banks upped their price objective on SVB Financial Group to $280.00 and gave the stock a “buy” rating in a report on Monday, January 28th. They noted that the move was a valuation call. Finally, BidaskClub upgraded SVB Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $309.60.

Shares of SIVB stock opened at $236.85 on Wednesday. The stock has a market cap of $12.37 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.50 and a beta of 2.03. SVB Financial Group has a 1-year low of $177.70 and a 1-year high of $333.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.71. The company had revenue of $793.26 million during the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the prior year, the business posted $3.63 EPS. As a group, equities research analysts expect that SVB Financial Group will post 20.37 EPS for the current fiscal year.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 590 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $251.10, for a total transaction of $148,149.00. Following the completion of the transaction, the insider now owns 3,630 shares of the company’s stock, valued at approximately $911,493. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John China sold 11,200 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $249.12, for a total value of $2,790,144.00. Following the transaction, the insider now directly owns 22,172 shares of the company’s stock, valued at approximately $5,523,488.64. The disclosure for this sale can be found here. Insiders have sold a total of 20,383 shares of company stock valued at $5,003,767 over the last 90 days. 0.73% of the stock is currently owned by company insiders.

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SVB Financial Group 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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