Bank of Montreal Can boosted its stake in SVB Financial Group (NASDAQ:SIVB) by 8.9% during the 4th quarter, Holdings Channel reports. The fund owned 326,062 shares of the bank’s stock after acquiring an additional 26,664 shares during the period. Bank of Montreal Can’s holdings in SVB Financial Group were worth $76,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its holdings in shares of SVB Financial Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after buying an additional 122 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of SVB Financial Group by 3.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock worth $1,316,000 after buying an additional 232 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of SVB Financial Group by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,709 shares of the bank’s stock worth $2,761,000 after buying an additional 289 shares in the last quarter. Aureus Asset Management LLC boosted its holdings in shares of SVB Financial Group by 0.4% during the 3rd quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock worth $14,664,000 after buying an additional 300 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of SVB Financial Group by 0.3% during the 3rd quarter. American International Group Inc. now owns 107,799 shares of the bank’s stock worth $20,168,000 after buying an additional 357 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

In other news, insider Marc C. Cadieux sold 2,260 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the sale, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the sale, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,291 shares of company stock worth $4,558,918. 0.73% of the stock is owned by company insiders.

SIVB has been the topic of a number of research analyst reports. Maxim Group restated a “buy” rating and set a $300.00 price target (up from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Wednesday, December 27th. Barclays increased their price target on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $240.00 price target (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $229.29.

SVB Financial Group (NASDAQ:SIVB) opened at $253.99 on Friday. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $257.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $13,430.00, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.72 and a beta of 1.62.

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, topping analysts’ consensus estimates 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 company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same period last year, the business earned $2.12 EPS. SVB Financial Group’s quarterly revenue was up 23.0% compared to the same quarter last year. analysts predict that SVB Financial Group will post 9.47 earnings per share for the current 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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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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