SVB Financial Group (SIVB) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 187,221 shares of the bank’s stock after buying an additional 1,028 shares during the period. Ameriprise Financial Inc. owned approximately 0.36% of SVB Financial Group worth $35,027,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BDO Wealth Advisors LLC acquired a new stake in SVB Financial Group during the 2nd quarter worth approximately $109,000. Peddock Capital Advisors LLC acquired a new stake in SVB Financial Group during the 2nd quarter worth approximately $130,000. Global X Management Co. LLC raised its holdings in SVB Financial Group by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 289 shares during the period. Toronto Dominion Bank raised its holdings in SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 657 shares during the period. Finally, Tredje AP fonden acquired a new stake in SVB Financial Group during the 2nd quarter worth approximately $144,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

SVB Financial Group (NASDAQ SIVB) opened at $228.17 on Monday. The firm has a market cap of $12,033.91, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.18 and a beta of 1.62. SVB Financial Group has a fifty-two week low of $158.24 and a fifty-two week high of $233.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 earnings per share. analysts anticipate that SVB Financial Group will post 9.5 EPS for the current year.

In other SVB Financial Group news, insider Marc C. Cadieux sold 2,260 shares of SVB Financial Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the transaction, the insider now directly owns 15,971 shares of the company’s stock, valued at $3,503,079.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of SVB Financial Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the transaction, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,780 shares of company stock worth $1,893,878. 0.73% of the stock is owned by corporate insiders.

Several brokerages have commented on SIVB. SunTrust Banks restated a “buy” rating and set a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. Jefferies Group reiterated a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Barclays set a $217.00 price objective on shares of SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $216.21.

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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.

Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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