Crestline Management LP Invests $2.33 Million in SVB Financial Group (SIVB) Stock

Crestline Management LP bought a new stake in SVB Financial Group (NASDAQ:SIVB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,284 shares of the bank’s stock, valued at approximately $2,333,000.

A number of other large investors have also bought and sold shares of the business. Clean Yield Group bought a new stake in shares of SVB Financial Group in the fourth quarter valued at about $47,000. JOYN Advisors Inc. lifted its holdings in shares of SVB Financial Group by 106.9% in the fourth quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock valued at $51,000 after purchasing an additional 140 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of SVB Financial Group in the third quarter valued at about $93,000. Stratos Wealth Partners LTD. bought a new stake in shares of SVB Financial Group in the third quarter valued at about $146,000. Finally, Heritage Trust Co bought a new stake in shares of SVB Financial Group in the fourth quarter valued at about $95,000. 89.26% of the stock is owned by hedge funds and other institutional investors.

SIVB opened at $246.21 on Friday. SVB Financial Group has a 52-week low of $177.70 and a 52-week high of $333.74. The stock has a market cap of $12.68 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.58 and a beta of 2.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 24th. The bank reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.27. The business had revenue of $673.69 million for the quarter, compared to analyst estimates of $697.89 million. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. SVB Financial Group’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.19 earnings per share. Equities research analysts predict that SVB Financial Group will post 20.39 EPS for the current year.

A number of analysts have recently commented on SIVB shares. Morgan Stanley cut their price target on SVB Financial Group from $320.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. Barclays upgraded SVB Financial Group from an “equal weight” rating to an “overweight” rating and set a $236.25 price target on the stock in a report on Wednesday, November 28th. Wells Fargo & Co dropped their target price on SVB Financial Group from $345.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, December 6th. Royal Bank of Canada dropped their target price on SVB Financial Group to $300.00 and set an “outperform” rating on the stock in a report on Friday, January 25th. They noted that the move was a valuation call. Finally, Jefferies Financial Group dropped their target price on SVB Financial Group from $288.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $313.35.

In other SVB Financial Group news, insider Michelle Draper sold 1,748 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $238.44, for a total value of $416,793.12. Following the sale, the insider now owns 7,573 shares in the company, valued at $1,805,706.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John China sold 11,200 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $249.12, for a total value of $2,790,144.00. Following the completion of the sale, the insider now owns 22,172 shares in the company, valued at approximately $5,523,488.64. The disclosure for this sale can be found here. Insiders sold 16,617 shares of company stock worth $4,096,266 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.

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SVB Financial Group Profile

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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