Summit Wealth & Retirement Planning Inc. reduced its holdings in SVB Financial Group (NASDAQ:SIVB) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,937 shares of the bank’s stock after selling 78 shares during the period. Summit Wealth & Retirement Planning Inc.’s holdings in SVB Financial Group were worth $1,139,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SIVB. Ninety One North America Inc. purchased a new position in shares of SVB Financial Group during the 3rd quarter valued at approximately $5,288,000. NN Investment Partners Holdings N.V. increased its stake in SVB Financial Group by 98.6% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 9,354 shares of the bank’s stock worth $3,628,000 after buying an additional 4,643 shares in the last quarter. Cibc World Markets Corp raised its holdings in shares of SVB Financial Group by 11.3% during the third quarter. Cibc World Markets Corp now owns 18,181 shares of the bank’s stock valued at $4,375,000 after acquiring an additional 1,851 shares during the last quarter. Mathes Company Inc. lifted its position in shares of SVB Financial Group by 682.8% in the fourth quarter. Mathes Company Inc. now owns 8,415 shares of the bank’s stock valued at $3,264,000 after acquiring an additional 7,340 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of SVB Financial Group by 44.1% in the fourth quarter. Toronto Dominion Bank now owns 47,603 shares of the bank’s stock worth $18,461,000 after acquiring an additional 14,559 shares during the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

A number of brokerages recently issued reports on SIVB. Bank of America upped their price objective on shares of SVB Financial Group from $465.00 to $550.00 and gave the company a “buy” rating in a report on Friday, January 22nd. Maxim Group raised their price target on shares of SVB Financial Group from $510.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, January 25th. They noted that the move was a valuation call. Wells Fargo & Company lifted their price target on shares of SVB Financial Group from $325.00 to $400.00 and gave the company an “equal weight” rating in a research report on Friday, January 22nd. Royal Bank of Canada increased their price objective on SVB Financial Group from $494.00 to $508.00 and gave the stock an “outperform” rating in a research report on Friday, January 22nd. Finally, Barclays cut SVB Financial Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $305.00 to $440.00 in a research note on Monday, January 4th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $416.60.

In other SVB Financial Group news, CMO Michelle Draper sold 213 shares of the stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $355.12, for a total value of $75,640.56. Following the sale, the chief marketing officer now directly owns 4,012 shares of the company’s stock, valued at approximately $1,424,741.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Devon Daniels acquired 500 shares of SVB Financial Group stock in a transaction dated Tuesday, February 16th. The stock was purchased at an average price of $523.30 per share, for a total transaction of $261,650.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at approximately $261,650. The disclosure for this purchase can be found here. Insiders have sold a total of 40,700 shares of company stock valued at $19,179,592 over the last three months. 0.78% of the stock is currently owned by insiders.

SVB Financial Group stock traded down $23.21 during mid-day trading on Tuesday, reaching $513.52. 14,813 shares of the company’s stock were exchanged, compared to its average volume of 482,155. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. SVB Financial Group has a twelve month low of $127.39 and a twelve month high of $545.39. The company has a market cap of $26.60 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.23 and a beta of 2.14. The company has a fifty day moving average of $471.22 and a 200-day moving average of $340.64.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Wednesday, January 20th. The bank reported $7.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $3.65. SVB Financial Group had a return on equity of 15.40% and a net margin of 28.60%. Equities research analysts expect that SVB Financial Group will post 19.21 earnings per share for the current fiscal year.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. 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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