Baldwin Brothers Inc. MA raised its position in shares of SVB Financial Group (NASDAQ:SIVB) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,912 shares of the bank’s stock after acquiring an additional 701 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in SVB Financial Group were worth $743,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of SIVB. We Are One Seven LLC boosted its position in shares of SVB Financial Group by 5.9% during the 4th quarter. We Are One Seven LLC now owns 1,090 shares of the bank’s stock worth $207,000 after purchasing an additional 61 shares in the last quarter. Park National Corp OH boosted its position in shares of SVB Financial Group by 3.9% during the 4th quarter. Park National Corp OH now owns 2,275 shares of the bank’s stock worth $432,000 after purchasing an additional 85 shares in the last quarter. Harrington Investments INC boosted its position in shares of SVB Financial Group by 0.7% during the 4th quarter. Harrington Investments INC now owns 16,291 shares of the bank’s stock worth $3,094,000 after purchasing an additional 107 shares in the last quarter. Nelson Roberts Investment Advisors LLC boosted its position in shares of SVB Financial Group by 0.7% during the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 24,518 shares of the bank’s stock worth $7,621,000 after purchasing an additional 171 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of SVB Financial Group by 25.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,063 shares of the bank’s stock worth $330,000 after purchasing an additional 215 shares in the last quarter. 88.53% of the stock is currently owned by institutional investors and hedge funds.
SIVB opened at $235.83 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.13. SVB Financial Group has a fifty-two week low of $177.70 and a fifty-two week high of $333.74. The stock has a market capitalization of $12.69 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.17 and a beta of 2.05.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, January 24th. The bank reported $4.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.69 by $0.27. SVB Financial Group had a net margin of 35.87% and a return on equity of 19.90%. The company had revenue of $673.69 million for the quarter, compared to analyst estimates of $697.89 million. During the same quarter in the prior year, the business posted $2.19 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. Equities analysts forecast that SVB Financial Group will post 20.39 EPS for the current fiscal year.
SVB Financial Group announced that its board has approved a stock buyback plan on Tuesday, November 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the bank to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of research firms have recently issued reports on SIVB. BidaskClub raised shares of SVB Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 29th. SunTrust Banks increased their price objective on shares of SVB Financial Group to $280.00 and gave the stock a “buy” rating in a research report on Monday, January 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $291.00 price objective on shares of SVB Financial Group and gave the stock a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, Royal Bank of Canada cut their price objective on shares of SVB Financial Group to $300.00 and set an “outperform” rating on the stock in a research report on Friday, January 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. SVB Financial Group has a consensus rating of “Buy” and an average price target of $317.24.
In other SVB Financial Group news, insider Michelle Draper sold 1,748 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $238.44, for a total value of $416,793.12. Following the completion of the sale, the insider now owns 7,573 shares in the company, valued at approximately $1,805,706.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Philip C. Cox sold 620 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $238.96, for a total transaction of $148,155.20. Following the completion of the sale, the insider now owns 6,511 shares of the company’s stock, valued at approximately $1,555,868.56. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.
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SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.
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