Boston Partners Has $16.97 Million Holdings in SVB Financial Group (SIVB)
Boston Partners reduced its position in SVB Financial Group (NASDAQ:SIVB) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,726 shares of the bank’s stock after selling 2,369 shares during the period. Boston Partners owned approximately 0.17% of SVB Financial Group worth $16,974,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. BDO Wealth Advisors LLC purchased a new position in SVB Financial Group in the 2nd quarter valued at about $109,000. Exane Derivatives purchased a new position in SVB Financial Group in the 2nd quarter valued at about $119,000. Peddock Capital Advisors LLC purchased a new position in SVB Financial Group in the 2nd quarter valued at about $130,000. Whittier Trust Co. of Nevada Inc. boosted its position in SVB Financial Group by 79.6% in the 2nd 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 last quarter. Finally, Global X Management Co. LLC boosted its position in SVB Financial Group by 58.6% in the 2nd 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 last quarter. 94.52% of the stock is owned by institutional investors.
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A number of research firms have weighed in on SIVB. Wells Fargo & Company reissued an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of SVB Financial Group in a research report on Thursday, November 9th. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday. Barclays PLC set a $217.00 price objective on shares of SVB Financial Group and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. SVB Financial Group has an average rating of “Buy” and an average price target of $214.00.
Shares of SVB Financial Group (SIVB) opened at $212.26 on Tuesday. The stock has a market cap of $11,016.48, a PE ratio of 23.44, a PEG ratio of 2.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 12 month low of $144.31 and a 12 month high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.12 EPS. sell-side analysts forecast that SVB Financial Group will post 9.5 earnings per share for the current year.
In related news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the sale, the director now owns 6,672 shares in the company, valued at $1,147,650.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kamran F. Husain sold 2,890 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the sale, the insider now owns 890 shares in the company, valued at approximately $195,978. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,150 shares of company stock worth $1,476,106. 0.73% of the stock is 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.
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