Jaffetilchin Investment Partners LLC bought a new position in shares of SVB Financial Group (NASDAQ:SIVB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,894 shares of the bank’s stock, valued at approximately $443,000.

Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. grew its position in SVB Financial Group by 2.7% during the second quarter. Prudential Financial Inc. now owns 33,138 shares of the bank’s stock valued at $5,825,000 after buying an additional 861 shares during the period. Pacer Advisors Inc. grew its position in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after buying an additional 87 shares during the period. Tredje AP fonden acquired a new stake in SVB Financial Group during the second quarter valued at $144,000. Engineers Gate Manager LP acquired a new stake in SVB Financial Group during the second quarter valued at $614,000. Finally, Wells Fargo & Company MN grew its position in SVB Financial Group by 75.9% during the second quarter. Wells Fargo & Company MN now owns 99,690 shares of the bank’s stock valued at $17,525,000 after buying an additional 43,016 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on SIVB shares. SunTrust Banks restated a “buy” rating and set a $245.00 price target on shares of SVB Financial Group in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research report on Wednesday, December 27th. Maxim Group restated a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Barclays raised their price target on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $229.29.

In other news, insider Kamran F. Husain sold 2,890 shares of SVB Financial Group stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total value of $636,378.00. Following the sale, the insider now owns 890 shares in the company, valued at $195,978. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of SVB Financial Group stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the sale, the insider now owns 5,918 shares in the company, valued at approximately $1,241,951.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,291 shares of company stock worth $4,558,918. Company insiders own 0.73% of the company’s stock.

Shares of SVB Financial Group (SIVB) opened at $250.65 on Friday. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $254.10. The stock has a market cap of $13,220.00, a PE ratio of 28.16, a PEG ratio of 1.82 and a beta of 1.62. 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 (NASDAQ:SIVB) last announced its 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 net margin of 25.07% and a return on equity of 11.88%. The business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. During the same quarter last year, the business earned $2.12 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. sell-side analysts forecast that SVB Financial Group will post 9.64 EPS for the current year.

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

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