Aptus Capital Advisors LLC Buys New Position in SVB Financial Group (NASDAQ:SIVB)

Aptus Capital Advisors LLC acquired a new stake in shares of SVB Financial Group (NASDAQ:SIVBGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,970 shares of the bank’s stock, valued at approximately $3,899,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. National Asset Management Inc. grew its holdings in shares of SVB Financial Group by 44.6% during the 1st quarter. National Asset Management Inc. now owns 1,533 shares of the bank’s stock worth $858,000 after purchasing an additional 473 shares during the period. Fifth Third Bancorp boosted its holdings in SVB Financial Group by 47.6% in the 1st quarter. Fifth Third Bancorp now owns 23,428 shares of the bank’s stock worth $13,107,000 after acquiring an additional 7,556 shares during the period. Bank of New Hampshire purchased a new position in SVB Financial Group in the 1st quarter worth approximately $57,000. Xponance Inc. boosted its holdings in SVB Financial Group by 6.3% in the 1st quarter. Xponance Inc. now owns 3,896 shares of the bank’s stock worth $2,180,000 after acquiring an additional 232 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in SVB Financial Group in the 4th quarter worth approximately $3,290,000. Institutional investors and hedge funds own 88.80% of the company’s stock.

SVB Financial Group Trading Up 4.0 %

NASDAQ:SIVB opened at $379.43 on Thursday. SVB Financial Group has a 1 year low of $355.37 and a 1 year high of $763.22. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.50 and a beta of 1.83. The business has a fifty day moving average of $427.35 and a 200-day moving average of $516.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46.

SVB Financial Group (NASDAQ:SIVBGet Rating) last announced its earnings results on Thursday, July 21st. The bank reported $5.60 earnings per share for the quarter, missing the consensus estimate of $7.76 by ($2.16). SVB Financial Group had a net margin of 25.58% and a return on equity of 13.43%. During the same period in the prior year, the firm posted $9.09 EPS. Equities analysts predict that SVB Financial Group will post 32.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SIVB. Wells Fargo & Company decreased their price target on SVB Financial Group from $650.00 to $550.00 in a report on Friday, July 22nd. Barclays decreased their price target on SVB Financial Group from $789.00 to $638.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group cut their target price on SVB Financial Group from $674.00 to $554.50 and set a “buy” rating on the stock in a research report on Tuesday, May 31st. Jefferies Financial Group cut their target price on SVB Financial Group from $534.00 to $498.00 in a research report on Monday, July 11th. Finally, lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $574.73.

Insider Activity at SVB Financial Group

In related news, Director Garen K. Staglin sold 500 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $484.41, for a total value of $242,205.00. Following the completion of the transaction, the director now owns 13,680 shares in the company, valued at approximately $6,626,728.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Michelle Draper sold 50 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $524.79, for a total transaction of $26,239.50. Following the completion of the sale, the chief marketing officer now directly owns 3,184 shares of the company’s stock, valued at approximately $1,670,931.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Garen K. Staglin sold 500 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $484.41, for a total value of $242,205.00. Following the transaction, the director now directly owns 13,680 shares in the company, valued at approximately $6,626,728.80. The disclosure for this sale can be found here. Insiders sold 1,840 shares of company stock valued at $919,852 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

SVB Financial Group Company Profile

(Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

See Also

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

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