Schwab Charles Investment Management Inc. Acquires 7,742 Shares of SVB Financial Group (NASDAQ:SIVB)

Schwab Charles Investment Management Inc. boosted its position in SVB Financial Group (NASDAQ:SIVB) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,225 shares of the bank’s stock after purchasing an additional 7,742 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.38% of SVB Financial Group worth $46,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SIVB. Citigroup Inc. increased its holdings in shares of SVB Financial Group by 39.6% in the 2nd quarter. Citigroup Inc. now owns 2,006 shares of the bank’s stock worth $352,000 after buying an additional 569 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of SVB Financial Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after buying an additional 122 shares during the last quarter. State Street Corp increased its holdings in shares of SVB Financial Group by 13.5% in the 2nd quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after buying an additional 288,697 shares during the last quarter. BlueCrest Capital Management Ltd increased its holdings in shares of SVB Financial Group by 10.2% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 6,946 shares of the bank’s stock worth $1,221,000 after buying an additional 644 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of SVB Financial Group in the 2nd quarter worth $1,402,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

In other news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory W. Becker sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total transaction of $1,095,705.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,186 shares of company stock valued at $4,057,749. Corporate insiders own 0.73% of the company’s stock.

Shares of SVB Financial Group (NASDAQ SIVB) traded up $8.04 on Thursday, reaching $247.49. 482,500 shares of the company’s stock traded hands, compared to its average volume of 428,626. The stock has a market cap of $13,160.00, a PE ratio of 27.12, a P/E/G ratio of 1.57 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $263.09.

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

Several research firms recently commented on SIVB. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Maxim Group reaffirmed a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. Jefferies Group reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Barclays reaffirmed a “hold” rating and set a $273.00 target price on shares of SVB Financial Group in a report on Sunday, January 28th. Finally, BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $239.92.

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SVB Financial Group 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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