New Mexico Educational Retirement Board Invests $3.04 Million in SVB Financial Group (SIVB)

New Mexico Educational Retirement Board purchased a new stake in shares of SVB Financial Group (NASDAQ:SIVB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,000 shares of the bank’s stock, valued at approximately $3,039,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC acquired a new position in shares of SVB Financial Group during the fourth quarter valued at $8,336,000. IPG Investment Advisors LLC acquired a new position in SVB Financial Group during the fourth quarter worth about $213,000. Candriam Luxembourg S.C.A. acquired a new position in SVB Financial Group during the fourth quarter worth about $947,000. EFG Asset Management Americas Corp. grew its holdings in SVB Financial Group by 8.8% during the fourth quarter. EFG Asset Management Americas Corp. now owns 17,941 shares of the bank’s stock worth $4,194,000 after acquiring an additional 1,451 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in SVB Financial Group by 25.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,012 shares of the bank’s stock worth $237,000 after acquiring an additional 208 shares during the period. 90.11% of the stock is currently owned by institutional investors.

SVB Financial Group (NASDAQ:SIVB) opened at $247.49 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $263.09. The firm has a market capitalization of $12,651.39, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.57 and a beta of 1.49.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The company had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. During the same quarter last year, the business earned $1.89 EPS. research analysts expect that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.

In related news, insider Gregory W. Becker sold 4,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total value of $1,095,705.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory W. Becker sold 9,511 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total value of $2,213,019.48. The disclosure for this sale can be found here. Insiders sold a total of 17,186 shares of company stock valued at $4,057,749 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on SIVB. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. SunTrust Banks reaffirmed a “buy” rating and set a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $280.00 target price (up from $240.00) on shares of SVB Financial Group in a report on Tuesday, January 9th. Finally, Morgan Stanley lifted their target price on SVB Financial Group from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and a consensus target price of $239.92.

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About SVB Financial Group

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

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