5,864 Shares in SVB Financial Group (NASDAQ:SIVB) Purchased by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC purchased a new position in SVB Financial Group (NASDAQ:SIVBGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,864 shares of the bank’s stock, valued at approximately $3,280,000.

A number of other institutional investors also recently bought and sold shares of SIVB. Norges Bank bought a new position in SVB Financial Group in the fourth quarter worth about $346,160,000. Nissay Asset Management Corp Japan ADV increased its stake in shares of SVB Financial Group by 1,556.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 151,836 shares of the bank’s stock valued at $102,981,000 after purchasing an additional 142,668 shares in the last quarter. Strs Ohio increased its stake in shares of SVB Financial Group by 210.5% during the first quarter. Strs Ohio now owns 150,604 shares of the bank’s stock valued at $84,255,000 after purchasing an additional 102,093 shares in the last quarter. Sound Shore Management Inc. CT increased its stake in shares of SVB Financial Group by 83.9% during the first quarter. Sound Shore Management Inc. CT now owns 221,618 shares of the bank’s stock valued at $123,984,000 after purchasing an additional 101,118 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of SVB Financial Group by 1.7% during the fourth quarter. BlackRock Inc. now owns 5,147,972 shares of the bank’s stock valued at $3,491,564,000 after purchasing an additional 88,284 shares in the last quarter. 88.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Garen K. Staglin sold 500 shares of SVB Financial Group stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $484.41, for a total transaction of $242,205.00. Following the completion of the transaction, the director now directly owns 13,680 shares of the company’s stock, valued at approximately $6,626,728.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

SVB Financial Group Price Performance

Shares of NASDAQ:SIVB traded down $3.05 on Friday, reaching $413.21. The company’s stock had a trading volume of 302,509 shares, compared to its average volume of 594,565. SVB Financial Group has a 52-week low of $355.37 and a 52-week high of $763.22. The company has a market cap of $24.32 billion, a P/E ratio of 15.90, a PEG ratio of 1.70 and a beta of 1.75. The company has a 50-day simple moving average of $419.74 and a 200 day simple moving average of $502.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The bank reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $7.76 by ($2.16). SVB Financial Group had a return on equity of 13.43% and a net margin of 25.58%. During the same quarter in the previous year, the firm earned $9.09 earnings per share. As a group, equities research analysts anticipate that SVB Financial Group will post 30.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wolfe Research cut their price target on shares of SVB Financial Group from $723.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, May 26th. Argus upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $550.00 price target on the stock in a report on Wednesday, May 4th. They noted that the move was a valuation call. Barclays cut their price target on shares of SVB Financial Group from $789.00 to $638.00 and set an “equal weight” rating on the stock in a report on Monday, July 25th. Oppenheimer cut their price target on shares of SVB Financial Group from $640.00 to $591.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company cut their price target on shares of SVB Financial Group from $650.00 to $550.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $574.73.

SVB Financial Group Profile

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SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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

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