SG Americas Securities LLC Cuts Stock Holdings in SVB Financial Group (NASDAQ:SIVB)

SG Americas Securities LLC lowered its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,048 shares of the bank’s stock after selling 193 shares during the period. SG Americas Securities LLC’s holdings in SVB Financial Group were worth $872,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SIVB. Ladenburg Thalmann Financial Services Inc. raised its stake in SVB Financial Group by 11.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,089 shares of the bank’s stock worth $274,000 after purchasing an additional 108 shares during the period. Baird Financial Group Inc. purchased a new position in shares of SVB Financial Group in the 4th quarter valued at $752,000. Man Group plc raised its stake in shares of SVB Financial Group by 941.9% in the 4th quarter. Man Group plc now owns 19,567 shares of the bank’s stock valued at $4,913,000 after acquiring an additional 17,689 shares during the period. Pearl River Capital LLC raised its stake in shares of SVB Financial Group by 178.0% in the 4th quarter. Pearl River Capital LLC now owns 798 shares of the bank’s stock valued at $200,000 after acquiring an additional 511 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of SVB Financial Group by 17.6% in the 4th quarter. Macquarie Group Ltd. now owns 41,633 shares of the bank’s stock valued at $10,452,000 after acquiring an additional 6,226 shares during the period. 90.74% of the stock is currently owned by institutional investors.

In other news, CEO Gregory W. Becker sold 12,343 shares of SVB Financial Group stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $211.07, for a total value of $2,605,237.01. Also, CFO Daniel J. Beck sold 2,205 shares of SVB Financial Group stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $240.15, for a total transaction of $529,530.75. Following the completion of the transaction, the chief financial officer now directly owns 2,312 shares of the company’s stock, valued at $555,226.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,476 shares of company stock valued at $4,811,007. 0.78% of the stock is owned by company insiders.

Shares of SIVB stock opened at $224.27 on Friday. The firm has a market cap of $11.55 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.00 and a beta of 2.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.72. SVB Financial Group has a 1-year low of $127.39 and a 1-year high of $270.95. The firm has a fifty day moving average of $215.17 and a two-hundred day moving average of $206.69.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $4.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.96 by $1.46. The company had revenue of $881.78 million during the quarter, compared to analyst estimates of $757.21 million. SVB Financial Group had a net margin of 25.26% and a return on equity of 13.61%. During the same period last year, the business earned $6.08 EPS. On average, sell-side analysts expect that SVB Financial Group will post 14.1 EPS for the current year.

A number of equities analysts have recently commented on SIVB shares. Bank of America raised their target price on shares of SVB Financial Group from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 24th. DA Davidson downgraded shares of SVB Financial Group from a “buy” rating to a “neutral” rating and set a $230.00 target price on the stock. in a research note on Monday, June 1st. JPMorgan Chase & Co. raised their target price on shares of SVB Financial Group from $250.00 to $275.00 in a research note on Friday, July 24th. SunTrust Banks raised their target price on shares of SVB Financial Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Wolfe Research began coverage on shares of SVB Financial Group in a report on Friday. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $232.63.

SVB Financial Group Company 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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