SVB Financial Group (SIVB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,362 shares of the bank’s stock after selling 4,875 shares during the period. SVB Financial Group makes up about 0.4% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Mutual of America Capital Management LLC owned 0.23% of SVB Financial Group worth $28,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SIVB. Macquarie Group Ltd. lifted its holdings in shares of SVB Financial Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after buying an additional 122 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of SVB Financial Group by 3.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock valued at $1,316,000 after buying an additional 232 shares during the period. First Manhattan Co. lifted its holdings in shares of SVB Financial Group by 10.3% during the 4th quarter. First Manhattan Co. now owns 2,675 shares of the bank’s stock valued at $625,000 after buying an additional 250 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of SVB Financial Group by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,709 shares of the bank’s stock valued at $2,761,000 after buying an additional 289 shares during the period. Finally, Aureus Asset Management LLC lifted its holdings in shares of SVB Financial Group by 0.4% during the 3rd quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock valued at $14,664,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Several research firms have recently weighed in on SIVB. Zacks Investment Research cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley increased their price target on SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BidaskClub cut SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Barclays reaffirmed a “hold” rating and issued a $273.00 target price on shares of SVB Financial Group in a report on Sunday, January 28th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $239.92.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at $247.49 on Thursday. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $263.09. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $12,651.39, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $545.97 million during the quarter, compared to analysts’ expectations of $523.45 million. During the same quarter in the previous year, the company posted $1.89 EPS. equities analysts expect that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.

In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $226.01, for a total value of $452,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 company insiders.

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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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