SVB Financial Group (SIVB) Position Reduced by Stevens Capital Management LP

Stevens Capital Management LP lowered its position in shares of SVB Financial Group (NASDAQ:SIVB) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,064 shares of the bank’s stock after selling 1,288 shares during the period. Stevens Capital Management LP’s holdings in SVB Financial Group were worth $1,509,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BDO Wealth Advisors LLC bought a new stake in SVB Financial Group during the second quarter valued at approximately $109,000. Exane Derivatives bought a new stake in SVB Financial Group during the second quarter valued at approximately $119,000. Peddock Capital Advisors LLC bought a new stake in SVB Financial Group during the second quarter valued at approximately $130,000. Whittier Trust Co. of Nevada Inc. lifted its position in SVB Financial Group by 79.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after purchasing an additional 343 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in SVB Financial Group by 58.6% during the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 289 shares during the last quarter. 94.52% of the stock is owned by institutional investors.

SVB Financial Group (NASDAQ:SIVB) opened at $208.88 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market cap of $11,016.48, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.00 and a beta of 1.64. SVB Financial Group has a 1 year low of $138.16 and a 1 year high of $223.82.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 EPS. equities research analysts predict that SVB Financial Group will post 9.5 earnings per share for the current year.

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In other news, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the sale, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the sale, the director now directly owns 6,672 shares in the company, valued at $1,147,650.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,150 shares of company stock worth $1,476,106. Insiders own 0.73% of the company’s stock.

Several equities research analysts have issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $216.00 target price on shares of SVB Financial Group in a research report on Friday, August 11th. BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Wells Fargo & Company reiterated an “outperform” rating and set a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a research report on Thursday. Maxim Group boosted their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $214.00.

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.

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

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