Mn Services Vermogensbeheer B.V. acquired a new stake in SVB Financial Group (NASDAQ:SIVB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,501 shares of the bank’s stock, valued at approximately $1,494,000.
Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in SVB Financial Group during the first quarter valued at about $117,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of SVB Financial Group by 11.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after buying an additional 90 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of SVB Financial Group during the first quarter worth $171,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of SVB Financial Group during the second quarter worth $176,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of SVB Financial Group during the first quarter worth $201,000. 95.52% of the stock is owned by institutional investors and hedge funds.
SVB Financial Group (NASDAQ:SIVB) traded up 0.17% on Friday, reaching $166.59. 429,131 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 20.25 and a beta of 1.59. SVB Financial Group has a 1-year low of $103.12 and a 1-year high of $198.83. The stock’s 50 day moving average price is $179.10 and its 200 day moving average price is $181.04.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the consensus estimate of $2.05 by $0.27. The business had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. On average, analysts expect that SVB Financial Group will post $8.99 earnings per share for the current year.
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A number of brokerages recently weighed in on SIVB. Stephens reissued a “buy” rating on shares of SVB Financial Group in a research report on Thursday, April 27th. BidaskClub raised shares of SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Barclays PLC reissued an “equal weight” rating and issued a $191.00 price target (up from $188.00) on shares of SVB Financial Group in a research report on Wednesday, July 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $212.00 price target on shares of SVB Financial Group in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $195.00 price target on shares of SVB Financial Group in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. SVB Financial Group presently has an average rating of “Buy” and a consensus target price of $202.75.
In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of SVB Financial Group stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the sale, the insider now directly owns 14,064 shares in the company, valued at $2,560,632.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip C. Cox sold 3,024 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now owns 2,872 shares of the company’s stock, valued at $525,001.60. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
SVB Financial Group Company Profile
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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