New Mexico Educational Retirement Board Acquires Shares of 13,000 SVB Financial Group (SIVB)

New Mexico Educational Retirement Board acquired a new position in shares of SVB Financial Group (NASDAQ:SIVB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,000 shares of the bank’s stock, valued at approximately $3,039,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Harding Loevner LP lifted its holdings in shares of SVB Financial Group by 209.0% during the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after buying an additional 3,258,700 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SVB Financial Group by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after buying an additional 354,948 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SVB Financial Group by 29.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock valued at $302,746,000 after buying an additional 364,303 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of SVB Financial Group by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 995,702 shares of the bank’s stock valued at $186,286,000 after buying an additional 7,440 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of SVB Financial Group by 3.3% during the 3rd quarter. Victory Capital Management Inc. now owns 725,850 shares of the bank’s stock valued at $135,799,000 after buying an additional 22,905 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

SVB Financial Group (NASDAQ SIVB) opened at $247.49 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a one year low of $159.44 and a one year high of $263.09. The firm has a market capitalization of $12,651.39, a P/E ratio of 24.16, a P/E/G ratio of 1.57 and a beta of 1.49.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The company had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. During the same period in the previous year, the business posted $1.89 earnings per share. research analysts predict that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.

In related news, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total value of $2,213,019.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The disclosure for this sale can be found here. Insiders sold a total of 17,186 shares of company stock worth $4,057,749 over the last three months. 0.73% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lifted their price target on SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Barclays reiterated a “hold” rating and set a $273.00 price target on shares of SVB Financial Group in a report on Sunday, January 28th. Finally, Jefferies Group reiterated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. SVB Financial Group presently has a consensus rating of “Buy” and a consensus price target of $239.92.

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

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