Harding Loevner LP boosted its position in shares of SVB Financial Group (NASDAQ:SIVB) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,891,241 shares of the company’s stock after buying an additional 7,558 shares during the period. SVB Financial Group accounts for 2.3% of Harding Loevner LP’s portfolio, making the stock its 12th largest position. Harding Loevner LP owned approximately 5.56% of SVB Financial Group worth $319,598,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SIVB. Raymond James Trust N.A. raised its position in SVB Financial Group by 0.7% in the second quarter. Raymond James Trust N.A. now owns 2,341 shares of the company’s stock worth $223,000 after buying an additional 17 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in SVB Financial Group by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,943 shares of the company’s stock worth $851,000 after buying an additional 39 shares during the period. Synovus Financial Corp raised its position in SVB Financial Group by 0.5% in the second quarter. Synovus Financial Corp now owns 15,878 shares of the company’s stock worth $1,509,000 after buying an additional 79 shares during the period. Independent Portfolio Consultants Inc. raised its position in SVB Financial Group by 3.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,265 shares of the company’s stock worth $250,000 after buying an additional 80 shares during the period. Finally, IBM Retirement Fund raised its position in SVB Financial Group by 1.7% in the second quarter. IBM Retirement Fund now owns 5,230 shares of the company’s stock worth $498,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 91.92% of the company’s stock.

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

Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.69% on Friday, reaching $150.84. 368,188 shares of the company traded hands. SVB Financial Group has a 52-week low of $77.87 and a 52-week high of $153.39. The company has a market capitalization of $7.85 billion, a PE ratio of 21.25 and a beta of 1.44. The firm has a 50-day moving average of $123.82 and a 200-day moving average of $108.05.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 20th. The company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.39. SVB Financial Group had a return on equity of 10.44% and a net margin of 22.84%. The business earned $433.50 million during the quarter. During the same period in the prior year, the business earned $1.57 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts forecast that SVB Financial Group will post $7.19 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research report on Friday, July 22nd. DA Davidson lowered shares of SVB Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. Barclays PLC decreased their target price on shares of SVB Financial Group from $122.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. Maxim Group decreased their target price on shares of SVB Financial Group from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of SVB Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. SVB Financial Group has a consensus rating of “Buy” and a consensus target price of $133.08.

In related news, insider Kamran F. Husain sold 3,289 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $139.45, for a total value of $458,651.05. Following the completion of the transaction, the insider now owns 1,187 shares in the company, valued at approximately $165,527.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John China sold 3,023 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $130.00, for a total value of $392,990.00. Following the completion of the transaction, the insider now owns 9,843 shares of the company’s stock, valued at approximately $1,279,590. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

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.

5 Day Chart for NASDAQ:SIVB

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