Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in SVB Financial Group (NASDAQ:SIVB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,856 shares of the bank’s stock, valued at approximately $2,787,000.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of SVB Financial Group during the first quarter worth about $117,000. Exane Derivatives bought a new position in SVB Financial Group during the second quarter valued at approximately $119,000. Peddock Capital Advisors LLC bought a new position in SVB Financial Group during the second quarter valued at approximately $130,000. Whittier Trust Co. of Nevada Inc. raised its position in 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 during the period. Finally, Global X Management Co. LLC raised its position in 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 during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 169.34 on Friday. The company’s 50 day moving average price is $175.86 and its 200 day moving average price is $180.51. SVB Financial Group has a 52-week low of $103.12 and a 52-week high of $198.83. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 20.58 and a beta of 1.59.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.27. The firm had revenue of $471.70 million for the quarter, compared to analyst estimates of $451.96 million. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. 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 several recent research reports. ValuEngine raised SVB Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BidaskClub lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Wedbush reissued a “neutral” rating and set a $192.00 price target on shares of SVB Financial Group in a research report on Tuesday, June 27th. Piper Jaffray Companies reissued a “buy” rating and set a $212.00 price target on shares of SVB Financial Group in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $202.75.

In other SVB Financial Group news, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 in the company, valued at approximately $525,001.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the sale, the insider now 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. 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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