Sei Investments Co. lowered its holdings in SVB Financial Group (NASDAQ:SIVB) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,657 shares of the bank’s stock after selling 11,235 shares during the quarter. Sei Investments Co. owned 0.07% of SVB Financial Group worth $6,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SIVB. State of Alaska Department of Revenue increased its position in SVB Financial Group by 58.2% during the second quarter. State of Alaska Department of Revenue now owns 1,455 shares of the bank’s stock valued at $255,000 after acquiring an additional 535 shares during the last quarter. Aperio Group LLC increased its position in SVB Financial Group by 1.8% during the second quarter. Aperio Group LLC now owns 15,609 shares of the bank’s stock valued at $2,744,000 after acquiring an additional 280 shares during the last quarter. Shell Asset Management Co. increased its position in SVB Financial Group by 89.8% during the second quarter. Shell Asset Management Co. now owns 3,638 shares of the bank’s stock valued at $640,000 after acquiring an additional 1,721 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in SVB Financial Group during the second quarter valued at $690,000. Finally, Moody Lynn & Lieberson LLC increased its position in SVB Financial Group by 127.8% during the second quarter. Moody Lynn & Lieberson LLC now owns 6,701 shares of the bank’s stock valued at $1,178,000 after acquiring an additional 3,759 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

A number of analysts recently commented on SIVB shares. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 price objective for the company in a research report on Tuesday, October 31st. Maxim Group reiterated a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Stephens reiterated a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a research report on Friday, July 28th. ValuEngine upgraded SVB Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $216.21.

Shares of SVB Financial Group (NASDAQ SIVB) opened at $213.10 on Friday. SVB Financial Group has a fifty-two week low of $152.06 and a fifty-two week high of $223.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11,290.73, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.64.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business had revenue of $533.40 million during the quarter, compared to analyst estimates of $490.56 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. SVB Financial Group’s revenue for the quarter was up 23.0% on a year-over-year basis. equities research analysts expect that SVB Financial Group will post 9.5 EPS for the current fiscal year.

In other news, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was 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 $3,503,079.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $172.01, for a total value of $344,020.00. Following the completion of the transaction, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The disclosure for this sale can be found here. Insiders have sold 10,780 shares of company stock valued at $2,237,898 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

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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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