SVB Financial Group (SIVB) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 25.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,279,305 shares of the bank’s stock after selling 429,295 shares during the period. Artisan Partners Limited Partnership owned about 2.43% of SVB Financial Group worth $224,889,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of SVB Financial Group by 0.3% during the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after acquiring an additional 4 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in SVB Financial Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after buying an additional 20 shares during the period. Teacher Retirement System of Texas increased its holdings in SVB Financial Group by 1.8% during the first quarter. Teacher Retirement System of Texas now owns 4,130 shares of the bank’s stock valued at $769,000 after buying an additional 75 shares during the period. Pacer Advisors Inc. increased its holdings in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after buying an additional 87 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after buying an additional 90 shares during the period. 92.10% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total value of $344,020.00. Following the transaction, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip C. Cox sold 3,024 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the transaction, the insider now directly owns 2,872 shares in the company, valued at $525,001.60. The disclosure for this sale can be found here. Insiders sold a total of 8,524 shares of company stock worth $1,534,052 over the last ninety days. Insiders own 0.73% of the company’s stock.

SVB Financial Group (NASDAQ SIVB) traded up 0.49% during midday trading on Monday, hitting $171.43. 97,781 shares of the stock traded hands. SVB Financial Group has a one year low of $104.84 and a one year high of $198.83. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 20.83 and a beta of 1.61. The company has a 50-day moving average price of $172.31 and a 200 day moving average price of $179.20.

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.27. The firm had revenue of $471.70 million for the quarter, compared to the consensus estimate of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Equities research analysts anticipate that SVB Financial Group will post $8.99 earnings per share for the current year.

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Several brokerages recently issued reports on SIVB. ValuEngine raised shares of SVB Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Jefferies Group LLC reissued a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Maxim Group lifted their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Stephens reissued a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. SVB Financial Group currently has an average rating of “Buy” and a consensus target price of $202.75.

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

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