KBC Group NV maintained its position in shares of SVB Financial Group (NASDAQ:SIVB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,417 shares of the company’s stock at the end of the third quarter. KBC Group NV owned about 0.18% of SVB Financial Group worth $10,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SIVB. TimesSquare Capital Management LLC boosted its position in SVB Financial Group by 161.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,250,100 shares of the company’s stock valued at $118,960,000 after buying an additional 771,200 shares in the last quarter. MD Sass Investors Services Inc. acquired a new position in SVB Financial Group during the second quarter valued at $40,875,000. Artisan Partners Limited Partnership boosted its position in SVB Financial Group by 41.8% in the second quarter. Artisan Partners Limited Partnership now owns 946,852 shares of the company’s stock valued at $90,102,000 after buying an additional 278,963 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in SVB Financial Group during the third quarter valued at $24,456,000. Finally, Columbia Wanger Asset Management LLC boosted its position in SVB Financial Group by 29.3% in the second quarter. Columbia Wanger Asset Management LLC now owns 848,326 shares of the company’s stock valued at $80,727,000 after buying an additional 192,396 shares in the last quarter. Hedge funds and other institutional investors own 92.63% of the company’s stock.

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

SVB Financial Group (NASDAQ:SIVB) traded down 2.15% during midday trading on Monday, hitting $152.61. The stock had a trading volume of 550,910 shares. The company’s 50 day moving average is $130.09 and its 200 day moving average is $110.10. SVB Financial Group has a 1-year low of $77.87 and a 1-year high of $156.76. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 21.49 and a beta of 1.44.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data 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. The company earned $433.50 million during the quarter. SVB Financial Group had a return on equity of 10.44% and a net margin of 22.84%. SVB Financial Group’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. On average, equities analysts anticipate that SVB Financial Group will post $7.20 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of international copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/28/svb-financial-group-sivb-stake-held-by-kbc-group-nv.html.

Several research firms recently weighed in on SIVB. RBC Capital Markets reissued an “outperform” rating and set a $146.00 price objective (up previously from $125.00) on shares of SVB Financial Group in a research report on Thursday, November 10th. Royal Bank Of Canada boosted their price objective on SVB Financial Group from $125.00 to $146.00 and gave the stock an “outperform” rating in a research report on Thursday, November 10th. Barclays PLC cut SVB Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $127.00 to $130.00 in a research report on Tuesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday, October 25th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of SVB Financial Group in a research report on Wednesday, October 12th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and an average price target of $133.08.

In related news, insider Bruce Wallace sold 2,611 shares of SVB Financial Group stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $151.86, for a total transaction of $396,506.46. Following the completion of the transaction, the insider now owns 12,027 shares in the company, valued at $1,826,420.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kamran F. Husain sold 3,289 shares of SVB Financial Group stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $139.45, for a total value of $458,651.05. Following the transaction, the insider now owns 1,187 shares of the company’s stock, valued at approximately $165,527.15. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

SVB Financial Group Company Profile

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

Receive News & Stock Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related stocks with our FREE daily email newsletter.