Czech National Bank acquired a new position in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,866 shares of the bank’s stock, valued at approximately $2,305,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of SVB Financial Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 6,346,725 shares of the bank’s stock worth $3,550,675,000 after purchasing an additional 92,553 shares during the period. Capital International Investors boosted its position in shares of SVB Financial Group by 28.0% during the 1st quarter. Capital International Investors now owns 2,449,195 shares of the bank’s stock worth $1,370,224,000 after purchasing an additional 535,924 shares during the period. JPMorgan Chase & Co. boosted its position in SVB Financial Group by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,431,504 shares of the bank’s stock valued at $960,423,000 after buying an additional 66,796 shares during the period. Alecta Tjanstepension Omsesidigt boosted its position in SVB Financial Group by 20.8% in the 2nd quarter. Alecta Tjanstepension Omsesidigt now owns 2,150,000 shares of the bank’s stock valued at $849,766,000 after buying an additional 370,500 shares during the period. Finally, Capital World Investors boosted its position in SVB Financial Group by 6.2% in the 1st quarter. Capital World Investors now owns 925,129 shares of the bank’s stock valued at $517,563,000 after buying an additional 54,341 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Raymond James decreased their price target on shares of SVB Financial Group from $345.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, December 22nd. StockNews.com cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, December 5th. Royal Bank of Canada decreased their price target on shares of SVB Financial Group from $474.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. JPMorgan Chase & Co. decreased their price target on shares of SVB Financial Group from $375.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, December 13th. Finally, Wedbush reduced their price objective on shares of SVB Financial Group from $385.00 to $275.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, SVB Financial Group currently has an average rating of “Hold” and an average target price of $362.18.
Insiders Place Their Bets
In other news, CMO Michelle Draper sold 2,414 shares of SVB Financial Group stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $215.61, for a total value of $520,482.54. Following the sale, the chief marketing officer now owns 2,997 shares of the company’s stock, valued at $646,183.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Beverly Kay Matthews acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were purchased at an average price of $232.06 per share, with a total value of $232,060.00. Following the completion of the acquisition, the director now owns 2,374 shares in the company, valued at $550,910.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Michelle Draper sold 2,414 shares of the business’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $215.61, for a total transaction of $520,482.54. Following the sale, the chief marketing officer now directly owns 2,997 shares in the company, valued at approximately $646,183.17. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.
SVB Financial Group Trading Down 0.5 %
Shares of SVB Financial Group stock opened at $253.82 on Friday. SVB Financial Group has a 1 year low of $198.10 and a 1 year high of $743.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $15.00 billion, a P/E ratio of 9.42, a PEG ratio of 1.56 and a beta of 1.47. The company’s fifty day moving average is $224.72 and its two-hundred day moving average is $322.52.
SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its quarterly earnings data on Thursday, October 20th. The bank reported $7.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.79 by $0.42. SVB Financial Group had a net margin of 25.57% and a return on equity of 13.72%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm posted $7.26 EPS. SVB Financial Group’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts forecast that SVB Financial Group will post 26.07 earnings per share for the current year.
SVB Financial Group Company Profile
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SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.
See Also
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