SVB Financial Group (SIVB) Shares Bought by Arizona State Retirement System

Arizona State Retirement System boosted its position in SVB Financial Group (NASDAQ:SIVB) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,800 shares of the bank’s stock after buying an additional 477 shares during the period. Arizona State Retirement System’s holdings in SVB Financial Group were worth $4,057,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of SVB Financial Group by 1.6% in the fourth quarter. State Street Corp now owns 2,327,094 shares of the bank’s stock valued at $399,465,000 after buying an additional 36,708 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of SVB Financial Group by 14.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,710,822 shares of the bank’s stock valued at $293,680,000 after buying an additional 213,842 shares during the period. Janus Capital Management LLC increased its stake in shares of SVB Financial Group by 174.8% in the fourth quarter. Janus Capital Management LLC now owns 845,827 shares of the bank’s stock valued at $145,194,000 after buying an additional 538,044 shares during the period. FMR LLC increased its stake in shares of SVB Financial Group by 193.3% in the fourth quarter. FMR LLC now owns 766,129 shares of the bank’s stock valued at $131,514,000 after buying an additional 504,929 shares during the period. Finally, Strs Ohio increased its stake in shares of SVB Financial Group by 0.5% in the first quarter. Strs Ohio now owns 418,191 shares of the bank’s stock valued at $77,821,000 after buying an additional 2,191 shares during the period. 95.82% of the stock is currently owned by institutional investors.

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

SVB Financial Group (NASDAQ:SIVB) traded down 0.50% during midday trading on Friday, hitting $178.88. The stock had a trading volume of 633,046 shares. SVB Financial Group has a one year low of $82.90 and a one year high of $198.83. The company has a market cap of $9.39 billion, a P/E ratio of 23.24 and a beta of 1.55. The stock’s 50-day moving average is $178.41 and its 200-day moving average is $178.80.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, April 27th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $427.65 million during the quarter, compared to analysts’ expectations of $429.13 million. SVB Financial Group had a net margin of 23.67% and a return on equity of 10.77%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Equities analysts predict that SVB Financial Group will post $8.67 EPS for the current fiscal year.

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Several analysts recently issued reports on the company. Zacks Investment Research downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Stephens reissued a “buy” rating on shares of SVB Financial Group in a report on Thursday, April 27th. Keefe, Bruyette & Woods set a $191.00 target price on SVB Financial Group and gave the company a “buy” rating in a research report on Monday, April 3rd. Jefferies Group LLC restated a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research report on Tuesday, April 4th. Finally, BidaskClub upgraded SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $182.45.

In other SVB Financial Group news, insider Bruce Wallace sold 8,790 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the completion of the sale, the insider now owns 14,248 shares in the company, valued at approximately $2,601,399.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Descheneaux sold 7,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the completion of the sale, the chief financial officer now owns 18,419 shares of the company’s stock, valued at approximately $3,396,095.22. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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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