Westwood Holdings Group Inc. maintained its stake in shares of SVB Financial Group (NASDAQ:SIVB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,986 shares of the bank’s stock at the end of the first quarter. Westwood Holdings Group Inc.’s holdings in SVB Financial Group were worth $3,161,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of SVB Financial Group during the fourth quarter valued at approximately $201,000. FMR LLC boosted its stake in shares of SVB Financial Group by 193.3% in the fourth quarter. FMR LLC now owns 766,129 shares of the bank’s stock valued at $131,514,000 after buying an additional 504,929 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of SVB Financial Group by 3.5% in the fourth quarter. First Republic Investment Management Inc. now owns 2,723 shares of the bank’s stock valued at $467,000 after buying an additional 93 shares during the last quarter. Ellington Management Group LLC acquired a new stake in shares of SVB Financial Group during the fourth quarter valued at approximately $292,000. Finally, AQR Capital Management LLC boosted its stake in shares of SVB Financial Group by 12.3% in the fourth quarter. AQR Capital Management LLC now owns 26,600 shares of the bank’s stock valued at $4,566,000 after buying an additional 2,920 shares during the last quarter. Institutional investors own 95.82% of the company’s stock.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 1.24% during trading on Monday, hitting $172.95. 71,813 shares of the stock traded hands. SVB Financial Group has a 1-year low of $82.90 and a 1-year high of $198.83. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 22.47 and a beta of 1.55. The firm has a 50-day moving average of $178.46 and a 200-day moving average of $179.38.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $427.65 million during the quarter, compared to analysts’ expectations of $429.13 million. SVB Financial Group had a net margin of 23.67% and a return on equity of 10.77%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. On average, equities analysts forecast that SVB Financial Group will post $8.67 earnings per share for the current year.
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Several analysts have commented on SIVB shares. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Keefe, Bruyette & Woods set a $191.00 target price on shares of SVB Financial Group and gave the company a “buy” rating in a research report on Monday, April 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $216.00 target price on shares of SVB Financial Group in a research report on Tuesday, April 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $195.00 target price on shares of SVB Financial Group in a research report on Tuesday, April 4th. Finally, Barclays PLC upped their target price on shares of SVB Financial Group from $178.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, April 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $182.45.
In other news, insider Bruce Wallace sold 8,790 shares of SVB Financial Group stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the completion of the transaction, the insider now directly owns 14,248 shares in the company, valued at $2,601,399.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Descheneaux sold 7,000 shares of SVB Financial Group stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the transaction, the chief financial officer now owns 18,419 shares of the company’s stock, valued at $3,396,095.22. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.
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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