Lisanti Capital Growth LLC Sells 1,385 Shares of SVB Financial Group (SIVB)

Lisanti Capital Growth LLC lowered its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 25.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,010 shares of the bank’s stock after selling 1,385 shares during the period. Lisanti Capital Growth LLC’s holdings in SVB Financial Group were worth $1,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SIVB. Poplar Forest Capital LLC boosted its stake in shares of SVB Financial Group by 24.8% in the 3rd quarter. Poplar Forest Capital LLC now owns 21,135 shares of the bank’s stock valued at $6,569,000 after purchasing an additional 4,199 shares in the last quarter. Ownership Capital B.V. boosted its stake in shares of SVB Financial Group by 0.6% in the 3rd quarter. Ownership Capital B.V. now owns 281,900 shares of the bank’s stock valued at $87,623,000 after purchasing an additional 1,791 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of SVB Financial Group by 4.6% in the 3rd quarter. Gulf International Bank UK Ltd now owns 17,480 shares of the bank’s stock valued at $5,433,000 after purchasing an additional 770 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of SVB Financial Group by 7.3% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 8,801 shares of the bank’s stock valued at $2,736,000 after purchasing an additional 600 shares in the last quarter. Finally, BP PLC boosted its stake in shares of SVB Financial Group by 142.9% in the 3rd quarter. BP PLC now owns 17,000 shares of the bank’s stock valued at $5,283,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.

SIVB has been the topic of several recent analyst reports. JMP Securities boosted their target price on shares of SVB Financial Group from $345.00 to $385.00 and gave the company a “market outperform” rating in a research note on Friday, July 27th. Bank of America reduced their target price on shares of SVB Financial Group from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group boosted their target price on shares of SVB Financial Group to $378.00 and gave the company a “buy” rating in a research note on Monday, August 27th. Barclays reduced their target price on shares of SVB Financial Group from $357.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Friday, October 26th. Finally, Royal Bank of Canada set a $330.00 price target on SVB Financial Group and gave the company a “buy” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $349.22.

In other SVB Financial Group news, insider Michael Descheneaux sold 1,750 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $239.73, for a total transaction of $419,527.50. Following the completion of the sale, the insider now directly owns 18,289 shares of the company’s stock, valued at approximately $4,384,421.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John F. Robinson sold 500 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $324.07, for a total value of $162,035.00. Following the sale, the director now directly owns 5,017 shares of the company’s stock, valued at $1,625,859.19. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

SVB Financial Group stock opened at $247.36 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.63 and a quick ratio of 0.60. SVB Financial Group has a 12-month low of $204.79 and a 12-month high of $333.74. The stock has a market capitalization of $13.42 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.68.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 25th. The bank reported $5.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.44 by $0.66. SVB Financial Group had a return on equity of 18.39% and a net margin of 32.44%. The business had revenue of $703.29 million during the quarter, compared to analysts’ expectations of $664.51 million. As a group, sell-side analysts predict that SVB Financial Group will post 17.93 EPS for the current fiscal year.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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