TimesSquare Capital Management LLC cut its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 81.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,900 shares of the bank’s stock after selling 412,500 shares during the period. TimesSquare Capital Management LLC owned about 0.18% of SVB Financial Group worth $16,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in SVB Financial Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after purchasing an additional 20 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in SVB Financial Group by 0.4% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,015 shares of the bank’s stock worth $1,678,000 after purchasing an additional 38 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in SVB Financial Group by 1.8% during the first quarter. Teacher Retirement System of Texas now owns 4,130 shares of the bank’s stock worth $769,000 after purchasing an additional 75 shares during the last quarter. Pacer Advisors Inc. lifted its stake in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after purchasing an additional 87 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total value of $344,020.00. Following the completion of the sale, the director now directly owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at $525,001.60. The disclosure for this sale can be found here. Insiders sold 8,524 shares of company stock valued at $1,534,052 over the last three months. 0.73% of the stock is currently owned by insiders.

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Shares of SVB Financial Group (NASDAQ SIVB) opened at 168.57 on Tuesday. SVB Financial Group has a 12-month low of $103.12 and a 12-month high of $198.83. The company has a 50-day moving average price of $173.50 and a 200-day moving average price of $179.69. The firm has a market capitalization of $8.88 billion, a P/E ratio of 20.49 and a beta of 1.61.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.27. The business 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 for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. Equities analysts predict that SVB Financial Group will post $8.99 EPS for the current year.

SIVB has been the subject of a number of research reports. BidaskClub upgraded SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Barclays PLC reiterated an “equal weight” rating and issued a $191.00 price target (up from $188.00) on shares of SVB Financial Group in a research note on Wednesday, July 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $212.00 price target on shares of SVB Financial Group in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 price target on shares of SVB Financial Group in a research note on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price target on shares of SVB Financial Group in a research note on Sunday, June 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $202.75.

SVB Financial Group 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.

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

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