Hanseatic Management Services Inc. Has $753,000 Position in SVB Financial Group (SIVB)
Hanseatic Management Services Inc. cut its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 69.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,023 shares of the bank’s stock after selling 9,157 shares during the quarter. Hanseatic Management Services Inc.’s holdings in SVB Financial Group were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. BDO Wealth Advisors LLC purchased a new stake in SVB Financial Group during the 2nd quarter valued at about $109,000. Exane Derivatives purchased a new stake in SVB Financial Group during the 2nd quarter valued at about $119,000. Peddock Capital Advisors LLC purchased a new stake in SVB Financial Group in the 2nd quarter worth approximately $130,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 worth $136,000 after buying an additional 343 shares during the period. Finally, Global X Management Co. LLC lifted its holdings 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 worth $137,000 after buying an additional 289 shares during the period. Institutional investors own 94.52% of the company’s stock.
SIVB has been the subject of several research analyst reports. BidaskClub cut SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Stephens reiterated a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Maxim Group increased their price objective on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Finally, ValuEngine upgraded SVB Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $214.00.
In other news, insider Kamran F. Husain sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the transaction, the insider now owns 890 shares in the company, valued at approximately $195,978. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,150 shares of company stock valued at $1,476,106. 0.73% of the stock is currently owned by company insiders.
SVB Financial Group (NASDAQ SIVB) traded up $1.02 on Wednesday, hitting $213.28. The stock had a trading volume of 354,700 shares, compared to its average volume of 494,465. The stock has a market cap of $11,250.00, a PE ratio of 23.82, a PEG ratio of 2.03 and a beta of 1.63. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 52 week low of $144.31 and a 52 week high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. sell-side analysts predict that SVB Financial Group will post 9.5 EPS for the current fiscal year.
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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