World Asset Management Inc lowered its position in shares of SVB Financial Group (NASDAQ:SIVB) by 40.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,083 shares of the bank’s stock after selling 743 shares during the period. World Asset Management Inc’s holdings in SVB Financial Group were worth $233,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC grew its position in SVB Financial Group by 77.4% during the 1st quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock worth $31,000 after acquiring an additional 89 shares during the last quarter. Quadrant Capital Group LLC grew its position in SVB Financial Group by 63.9% during the 4th quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock worth $50,000 after acquiring an additional 85 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in SVB Financial Group by 30.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $41,000 after buying an additional 64 shares during the period. Clean Yield Group lifted its holdings in SVB Financial Group by 177.8% during the 1st quarter. Clean Yield Group now owns 350 shares of the bank’s stock worth $53,000 after buying an additional 224 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in SVB Financial Group during the 1st quarter worth about $67,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

SIVB stock opened at $224.27 on Friday. The stock’s 50 day simple moving average is $215.17 and its 200 day simple moving average is $206.69. SVB Financial Group has a fifty-two week low of $127.39 and a fifty-two week high of $270.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.71. The company has a market cap of $11.48 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 2.03 and a beta of 2.25.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $1.46. SVB Financial Group had a return on equity of 13.61% and a net margin of 25.26%. The business had revenue of $881.78 million for the quarter, compared to the consensus estimate of $757.21 million. During the same period in the prior year, the business earned $6.08 EPS. Equities analysts predict that SVB Financial Group will post 14.1 earnings per share for the current year.

SIVB has been the topic of several recent research reports. DA Davidson downgraded SVB Financial Group from a “buy” rating to a “neutral” rating and set a $230.00 target price on the stock. in a report on Monday, June 1st. BidaskClub raised SVB Financial Group from a “sell” rating to a “hold” rating in a report on Friday, May 29th. Barclays lifted their target price on SVB Financial Group from $214.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Wells Fargo & Co lifted their target price on SVB Financial Group from $125.00 to $140.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, SunTrust Banks lifted their target price on SVB Financial Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $232.63.

In related news, insider Marc C. Cadieux sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $227.83, for a total transaction of $455,660.00. Following the transaction, the insider now directly owns 15,378 shares of the company’s stock, valued at approximately $3,503,569.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John China sold 1,264 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $200.00, for a total value of $252,800.00. Following the transaction, the insider now directly owns 22,279 shares in the company, valued at $4,455,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,476 shares of company stock worth $4,811,007. 0.78% of the stock is owned by company insiders.

SVB Financial Group Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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

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