Clearbridge Investments LLC lessened its position in shares of SVB Financial Group (NASDAQ:SIVB) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,039 shares of the bank’s stock after selling 7,447 shares during the period. Clearbridge Investments LLC owned 0.69% of SVB Financial Group worth $84,634,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lourd Capital LLC bought a new position in SVB Financial Group during the fourth quarter worth $207,000. IPG Investment Advisors LLC bought a new position in SVB Financial Group during the fourth quarter worth $213,000. Pinnacle Financial Partners Inc. acquired a new stake in SVB Financial Group in the fourth quarter worth $214,000. MANA Advisors LLC acquired a new stake in SVB Financial Group in the fourth quarter worth $215,000. Finally, Welch & Forbes LLC acquired a new stake in SVB Financial Group in the fourth quarter worth $222,000. 89.70% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. SunTrust Banks restated a “buy” rating and issued a $245.00 price target on shares of SVB Financial Group in a report on Friday, November 17th. FIG Partners cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Wells Fargo & Co restated an “outperform” rating and issued a $280.00 price target (up from $240.00) on shares of SVB Financial Group in a report on Tuesday, January 9th. Finally, Morgan Stanley raised their price target on shares of SVB Financial Group from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $248.62.
SVB Financial Group (NASDAQ:SIVB) opened at $267.48 on Tuesday. The stock has a market cap of $14,140.00, a PE ratio of 27.02, a PEG ratio of 1.78 and a beta of 1.43. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $271.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). The business had revenue of $545.97 million for the quarter, compared to analyst estimates of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter in the prior year, the business earned $1.89 earnings per share. sell-side analysts anticipate that SVB Financial Group will post 13.86 EPS for the current fiscal year.
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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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