Moody Lynn & Lieberson LLC Raises Stake in SVB Financial Group (NASDAQ:SIVB)

Moody Lynn & Lieberson LLC increased its position in SVB Financial Group (NASDAQ:SIVB) by 127.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,701 shares of the bank’s stock after buying an additional 3,759 shares during the period. Moody Lynn & Lieberson LLC’s holdings in SVB Financial Group were worth $1,178,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Credit Agricole S A boosted its stake in SVB Financial Group by 924.5% in the first quarter. Credit Agricole S A now owns 1,128,284 shares of the bank’s stock worth $44,547,000 after buying an additional 1,018,151 shares during the period. Columbus Circle Investors bought a new stake in SVB Financial Group during the first quarter worth approximately $51,840,000. Karp Capital Management Corp bought a new stake in SVB Financial Group during the first quarter worth approximately $2,853,000. American International Group Inc. boosted its stake in SVB Financial Group by 4.1% in the first quarter. American International Group Inc. now owns 104,418 shares of the bank’s stock worth $19,431,000 after buying an additional 4,133 shares during the period. Finally, First Manhattan Co. boosted its stake in SVB Financial Group by 23.7% in the first quarter. First Manhattan Co. now owns 3,000 shares of the bank’s stock worth $331,000 after buying an additional 575 shares during the period. 95.24% of the stock is currently owned by institutional investors.

Shares of SVB Financial Group (NASDAQ SIVB) opened at 176.99 on Friday. SVB Financial Group has a one year low of $96.86 and a one year high of $198.83. The firm’s 50-day moving average is $178.97 and its 200-day moving average is $180.60. The company has a market cap of $9.29 billion, a PE ratio of 22.99 and a beta of 1.60.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.27. SVB Financial Group had a net margin of 23.67% and a return on equity of 10.77%. The company had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that SVB Financial Group will post $8.66 EPS for the current year.

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SIVB has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 price target on shares of SVB Financial Group in a report on Tuesday, April 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $195.00 price target on shares of SVB Financial Group in a report on Tuesday, April 4th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Keefe, Bruyette & Woods set a $191.00 price target on shares of SVB Financial Group and gave the stock a “buy” rating in a report on Monday, April 3rd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $200.67.

In related news, CFO Michael Descheneaux sold 7,000 shares of SVB Financial Group stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the completion of the sale, the chief financial officer now owns 18,419 shares in the company, valued at approximately $3,396,095.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Wallace sold 8,790 shares of SVB Financial Group stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the sale, the insider now owns 14,248 shares of the company’s stock, valued at approximately $2,601,399.84. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

About SVB Financial Group

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

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