State of Wisconsin Investment Board grew its holdings in SVB Financial Group (NASDAQ:SIVB) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 107,034 shares of the bank’s stock after acquiring an additional 4,285 shares during the period. State of Wisconsin Investment Board’s holdings in SVB Financial Group were worth $25,021,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of SVB Financial Group by 525.6% in the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 657 shares in the last quarter. Green Square Capital LLC purchased a new position in shares of SVB Financial Group in the 3rd quarter worth $206,000. Lourd Capital LLC purchased a new position in shares of SVB Financial Group in the 4th quarter worth $207,000. IPG Investment Advisors LLC purchased a new position in shares of SVB Financial Group in the 4th quarter worth $213,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of SVB Financial Group in the 4th quarter worth $214,000. 88.49% of the stock is owned by institutional investors and hedge funds.
In related news, insider Philip C. Cox sold 1,175 shares of SVB Financial Group stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total transaction of $297,004.75. Following the completion of the sale, the insider now owns 4,097 shares in the company, valued at approximately $1,035,598.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory W. Becker sold 9,511 shares of SVB Financial Group stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total transaction of $2,213,019.48. The disclosure for this sale can be found here. Insiders have sold a total of 17,186 shares of company stock valued at $4,057,749 in the last quarter. 0.73% of the stock is currently owned by company insiders.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $248.81 on Tuesday. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $263.09. The firm has a market cap of $13,145.92, a PE ratio of 25.11, a P/E/G ratio of 1.63 and a beta of 1.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the previous year, the business earned $1.89 EPS. equities analysts forecast that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.
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SVB Financial Group Company Profile
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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