New Amsterdam Partners LLC NY cut its position in shares of SVB Financial Group (NASDAQ:SIVB) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,953 shares of the bank’s stock after selling 3,148 shares during the period. New Amsterdam Partners LLC NY’s holdings in SVB Financial Group were worth $3,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SIVB. Teachers Advisors LLC raised its position in shares of SVB Financial Group by 14.0% in the fourth quarter. Teachers Advisors LLC now owns 128,661 shares of the bank’s stock worth $22,086,000 after buying an additional 15,814 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of SVB Financial Group during the first quarter worth $273,000. Bank of Montreal Can raised its position in shares of SVB Financial Group by 185.5% in the first quarter. Bank of Montreal Can now owns 298,849 shares of the bank’s stock worth $55,612,000 after buying an additional 194,180 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of SVB Financial Group by 8.0% in the first quarter. Capstone Asset Management Co. now owns 4,774 shares of the bank’s stock worth $888,000 after buying an additional 354 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of SVB Financial Group during the first quarter worth $264,000. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SVB Financial Group (NASDAQ SIVB) opened at 172.03 on Friday. The firm has a market cap of $9.06 billion, a P/E ratio of 20.91 and a beta of 1.59. SVB Financial Group has a 12-month low of $103.05 and a 12-month high of $198.83. The company has a 50-day moving average of $179.24 and a 200 day moving average of $181.13.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter in the prior year, the business posted $1.78 earnings per share. SVB Financial Group’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that SVB Financial Group will post $8.98 earnings per share for the current fiscal year.

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SIVB has been the topic of a number of research reports. Piper Jaffray Companies decreased their price target on shares of SVB Financial Group from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. Stephens reissued a “buy” rating on shares of SVB Financial Group in a research note on Thursday, April 27th. Barclays PLC reissued a “hold” rating and issued a $188.00 target price on shares of SVB Financial Group in a research note on Monday, May 1st. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Morgan Stanley raised their target price on shares of SVB Financial Group from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $202.75.

In related news, CFO Michael Descheneaux sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the completion of the transaction, the chief financial officer now owns 18,419 shares of the company’s stock, valued at $3,396,095.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce Wallace sold 8,790 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the transaction, the insider now directly owns 14,248 shares of the company’s stock, valued at approximately $2,601,399.84. The disclosure for this sale can be found here. Insiders have sold 22,314 shares of company stock valued at $4,085,570 in the last ninety days. 0.73% of the stock is currently owned by company insiders.

About SVB Financial Group

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include 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.

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

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