BARING ASSET MANAGEMENT Ltd lowered its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,074 shares of the bank’s stock after selling 7 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in SVB Financial Group were worth $364,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of SVB Financial Group during the first quarter valued at about $117,000. Exane Derivatives acquired a new stake in shares of SVB Financial Group during the second quarter valued at about $119,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after buying an additional 343 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 289 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of SVB Financial Group by 11.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after buying an additional 90 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Shares of SVB Financial Group (SIVB) opened at 166.30 on Friday. The stock has a market capitalization of $8.76 billion, a P/E ratio of 20.21 and a beta of 1.59. The firm has a 50 day moving average of $179.10 and a 200-day moving average of $181.04. SVB Financial Group has a 12 month low of $103.12 and a 12 month high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. The firm had revenue of $471.70 million during the quarter, compared to the consensus estimate of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. Analysts forecast that SVB Financial Group will post $8.99 earnings per share for the current year.

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SIVB has been the topic of a number of recent research reports. Barclays PLC reiterated a “hold” rating and set a $188.00 price objective on shares of SVB Financial Group in a research note on Monday, May 1st. Wedbush reiterated a “neutral” rating and set a $192.00 price objective on shares of SVB Financial Group in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Stephens reiterated a “buy” rating on shares of SVB Financial Group in a research note on Thursday, April 27th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. SVB Financial Group currently has a consensus rating of “Buy” and an average target price of $202.75.

In related news, insider Philip C. Cox sold 3,024 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the sale, the insider now owns 2,872 shares of the company’s stock, valued at $525,001.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Descheneaux sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the sale, the insider now directly owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

SVB Financial Group Company Profile

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.

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

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