The SVB Financial Group (SIVB) Shares Sold by Capital One National Association

The SVB Financial Group (SIVB) Shares Sold by Capital One National Association

Capital One National Association lowered its position in shares of SVB Financial Group (NASDAQ:SIVB) by 68.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,384 shares of the company’s stock after selling 9,617 shares during the period. Capital One National Association’s holdings in SVB Financial Group were worth $485,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SIVB. Trillium Asset Management LLC boosted its stake in shares of SVB Financial Group by 0.6% in the second quarter. Trillium Asset Management LLC now owns 213,826 shares of the company’s stock worth $20,348,000 after buying an additional 1,277 shares during the period. Huntington National Bank purchased a new stake in shares of SVB Financial Group during the second quarter worth approximately $1,876,000. Essex Investment Management Co. LLC boosted its stake in shares of SVB Financial Group by 396.1% in the second quarter. Essex Investment Management Co. LLC now owns 27,384 shares of the company’s stock worth $2,606,000 after buying an additional 21,864 shares during the period. GW&K Investment Management LLC boosted its stake in shares of SVB Financial Group by 9.5% in the second quarter. GW&K Investment Management LLC now owns 195,533 shares of the company’s stock worth $18,607,000 after buying an additional 17,045 shares during the period. Finally, American Century Companies Inc. raised its position in shares of SVB Financial Group by 31.4% in the second quarter. American Century Companies Inc. now owns 478,729 shares of the company’s stock valued at $45,556,000 after buying an additional 114,499 shares in the last quarter. 92.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.74% during midday trading on Wednesday, reaching $168.81. 1,079,062 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.79 billion, a P/E ratio of 23.78 and a beta of 1.56. The firm has a 50-day moving average of $170.73 and a 200-day moving average of $127.88. SVB Financial Group has a 12-month low of $77.87 and a 12-month high of $180.48.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 20th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.39. The firm had revenue of $433.50 million for the quarter. SVB Financial Group had a net margin of 22.84% and a return on equity of 10.44%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. Analysts anticipate that SVB Financial Group will post $7.19 EPS for the current fiscal year.

Several equities analysts have recently weighed in on SIVB shares. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Friday, October 7th. Maxim Group upped their price objective on shares of SVB Financial Group from $150.00 to $195.00 and gave the company a “buy” rating in a report on Monday, December 19th. RBC Capital Markets reiterated a “buy” rating on shares of SVB Financial Group in a report on Saturday, December 17th. Barclays PLC lowered shares of SVB Financial Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $127.00 to $130.00 in a report on Tuesday, November 1st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada upped their price objective on shares of SVB Financial Group from $125.00 to $146.00 and gave the company an “outperform” rating in a report on Thursday, November 10th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $141.50.

In other news, insider Kamran F. Husain sold 3,289 shares of SVB Financial Group stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $139.45, for a total transaction of $458,651.05. Following the sale, the insider now owns 1,187 shares of the company’s stock, valued at approximately $165,527.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John China sold 1,200 shares of SVB Financial Group stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $124.40, for a total transaction of $149,280.00. Following the sale, the insider now directly owns 9,188 shares in the company, valued at approximately $1,142,987.20. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

SVB Financial Group Company Profile

SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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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