First Republic Investment Management Inc. Buys 2,454 Shares of SVB Financial Group (SIVB)

First Republic Investment Management Inc. increased its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,360 shares of the bank’s stock after acquiring an additional 2,454 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.10% of SVB Financial Group worth $12,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of SIVB. Suntrust Banks Inc. grew its position in shares of SVB Financial Group by 2.2% in the 4th quarter. Suntrust Banks Inc. now owns 20,453 shares of the bank’s stock worth $4,780,000 after buying an additional 432 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in shares of SVB Financial Group in the 4th quarter worth approximately $10,987,000. Driehaus Capital Management LLC grew its position in shares of SVB Financial Group by 133.5% in the 4th quarter. Driehaus Capital Management LLC now owns 8,174 shares of the bank’s stock worth $1,911,000 after buying an additional 4,674 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of SVB Financial Group by 1.5% in the 4th quarter. Two Sigma Advisers LP now owns 168,502 shares of the bank’s stock worth $39,391,000 after buying an additional 2,477 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of SVB Financial Group in the 4th quarter worth approximately $226,000. Institutional investors and hedge funds own 89.61% of the company’s stock.

Shares of SVB Financial Group opened at $319.46 on Monday, MarketBeat reports. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 12-month low of $159.44 and a 12-month high of $327.91.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, April 26th. The bank reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.50. The business had revenue of $575.38 million for the quarter, compared to the consensus estimate of $535.60 million. SVB Financial Group had a net margin of 26.89% and a return on equity of 14.53%. During the same period last year, the company posted $1.91 EPS. research analysts anticipate that SVB Financial Group will post 15.91 EPS for the current year.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “strong-buy” rating and set a $345.00 target price for the company in a research note on Wednesday, May 2nd. ValuEngine upgraded SVB Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Maxim Group raised their target price on SVB Financial Group from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, April 30th. They noted that the move was a valuation call. JMP Securities raised their target price on SVB Financial Group from $290.00 to $345.00 and gave the company a “market outperform” rating in a research note on Monday, April 30th. Finally, DA Davidson raised their target price on SVB Financial Group from $285.00 to $315.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $306.29.

In other SVB Financial Group news, insider Philip C. Cox sold 1,028 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $303.00, for a total transaction of $311,484.00. Following the sale, the insider now directly owns 6,048 shares in the company, valued at approximately $1,832,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory W. Becker sold 3,028 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $233.52, for a total transaction of $707,098.56. The disclosure for this sale can be found here. Insiders have sold a total of 8,306 shares of company stock worth $2,349,040 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card 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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