Artisan Partners Limited Partnership Has $229.77 Million Position in SVB Financial Group (SIVB)
Artisan Partners Limited Partnership decreased its position in shares of SVB Financial Group (NASDAQ:SIVB) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,228,119 shares of the bank’s stock after selling 51,186 shares during the period. Artisan Partners Limited Partnership owned 2.33% of SVB Financial Group worth $229,769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of SIVB. Aperio Group LLC lifted 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. lifted 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 approximately $690,000. Great West Life Assurance Co. Can lifted its position in SVB Financial Group by 36.2% during the second quarter. Great West Life Assurance Co. Can now owns 49,517 shares of the bank’s stock valued at $8,696,000 after acquiring an additional 13,164 shares during the last quarter. Finally, Lebenthal Lisanti Capital Growth LLC purchased a new stake in SVB Financial Group during the second quarter valued at approximately $787,000. 97.79% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $245.00 price target on shares of SVB Financial Group in a research note on Friday, November 17th. Jefferies Group restated a “buy” rating and set a $216.00 price target on shares of SVB Financial Group in a research note on Friday, August 11th. Zacks Investment Research lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley restated an “overweight” rating and set a $213.00 price target (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Finally, Barclays set a $217.00 price target on shares of SVB Financial Group and gave the company a “hold” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. SVB Financial Group presently has a consensus rating of “Buy” and a consensus target price of $216.21.
SVB Financial Group (NASDAQ:SIVB) opened at $228.17 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 52 week low of $158.24 and a 52 week high of $233.46. The stock has a market cap of $12,005.90, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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%. SVB Financial Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 EPS. equities research analysts expect that SVB Financial Group will post 9.5 earnings per share for the current fiscal year.
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SVB Financial Group Company 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.
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