Lateef Investment Management L.P. lessened its holdings in SVB Financial Group (NASDAQ:SIVB) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,900 shares of the bank’s stock after selling 7,117 shares during the period. Lateef Investment Management L.P.’s holdings in SVB Financial Group were worth $6,055,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in SIVB. Harding Loevner LP increased its position in SVB Financial Group by 209.0% in the third quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock worth $284,617,000 after purchasing an additional 3,258,700 shares during the last quarter. CI Investments Inc. bought a new stake in SVB Financial Group in the third quarter worth $95,902,000. Bank of New York Mellon Corp increased its position in SVB Financial Group by 29.1% in the third quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock worth $302,746,000 after purchasing an additional 364,303 shares during the last quarter. JPMorgan Chase & Co. increased its position in SVB Financial Group by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock worth $464,570,000 after purchasing an additional 354,948 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in SVB Financial Group by 778.6% in the third quarter. Prudential Financial Inc. now owns 291,144 shares of the bank’s stock worth $54,470,000 after purchasing an additional 258,006 shares during the last quarter. Institutional investors own 89.70% of the company’s stock.
Several equities research analysts recently weighed in on the stock. SunTrust Banks boosted their price target on shares of SVB Financial Group to $300.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. BidaskClub upgraded shares of SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Jefferies Group restated a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Stephens restated a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Finally, Barclays restated a “hold” rating and issued a $273.00 price target on shares of SVB Financial Group in a research report on Sunday, January 28th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. SVB Financial Group currently has an average rating of “Buy” and an average target price of $248.62.
SVB Financial Group (NASDAQ SIVB) opened at $271.20 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $14,318.31, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.78 and a beta of 1.43. SVB Financial Group has a one year low of $159.44 and a one year high of $271.79.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the consensus estimate of $2.60 by ($0.41). The firm had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same period in the previous year, the firm earned $1.89 earnings per share. equities analysts anticipate that SVB Financial Group will post 13.86 EPS for the current fiscal year.
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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.
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