Trillium Asset Management LLC Buys 1,277 Shares of SVB Financial Group (SIVB)
Trillium Asset Management LLC increased its position in shares of SVB Financial Group (NASDAQ:SIVB) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,826 shares of the company’s stock after buying an additional 1,277 shares during the period. SVB Financial Group comprises approximately 1.3% of Trillium Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Trillium Asset Management LLC owned approximately 0.41% of SVB Financial Group worth $20,348,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Huntington National Bank bought a new stake in shares of SVB Financial Group during the second quarter worth $1,876,000. Essex Investment Management Co. LLC raised its stake in shares of SVB Financial Group by 396.1% in the second quarter. Essex Investment Management Co. LLC now owns 27,384 shares of the company’s stock worth $2,606,000 after buying an additional 21,864 shares in the last quarter. GW&K Investment Management LLC raised its stake in SVB Financial Group by 9.5% in the second quarter. GW&K Investment Management LLC now owns 195,533 shares of the company’s stock valued at $18,607,000 after buying an additional 17,045 shares during the period. American Century Companies Inc. raised its stake in SVB Financial Group by 31.4% in the second quarter. American Century Companies Inc. now owns 478,729 shares of the company’s stock valued at $45,556,000 after buying an additional 114,499 shares during the period. Finally, Hilton Capital Management LLC raised its stake in SVB Financial Group by 29.5% in the second quarter. Hilton Capital Management LLC now owns 4,758 shares of the company’s stock valued at $453,000 after buying an additional 1,085 shares during the period. Institutional investors and hedge funds own 92.23% of the company’s stock.
SVB Financial Group (NASDAQ:SIVB) traded up 3.04% on Tuesday, hitting $112.70. 538,002 shares of the company’s stock traded hands. The stock has a market cap of $5.86 billion, a PE ratio of 17.21 and a beta of 1.63. The stock has a 50-day moving average of $107.78 and a 200-day moving average of $103.08. SVB Financial Group has a one year low of $77.87 and a one year high of $141.75.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, July 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. SVB Financial Group had a net margin of 22.00% and a return on equity of 9.90%. On average, equities analysts forecast that SVB Financial Group will post $6.81 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, July 9th. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Royal Bank Of Canada restated a “buy” rating on shares of SVB Financial Group in a research note on Monday, July 11th. Maxim Group reduced their price objective on SVB Financial Group from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, Barclays PLC reduced their price objective on SVB Financial Group from $122.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $132.77.
In related news, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $106.38, for a total transaction of $212,760.00. Following the completion of the transaction, the director now directly owns 11,897 shares in the company, valued at $1,265,602.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Descheneaux sold 8,378 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $103.21, for a total transaction of $864,693.38. Following the transaction, the chief financial officer now owns 15,079 shares of the company’s stock, valued at $1,556,303.59. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
About SVB Financial Group
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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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