KAMES CAPITAL plc Acquires Shares of 176,912 SVB Financial Group (SIVB)

KAMES CAPITAL plc bought a new position in shares of SVB Financial Group (NASDAQ:SIVB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 176,912 shares of the bank’s stock, valued at approximately $41,357,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIVB. Prudential Financial Inc. lifted its holdings in shares of SVB Financial Group by 2.7% during the second quarter. Prudential Financial Inc. now owns 33,138 shares of the bank’s stock worth $5,825,000 after buying an additional 861 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after buying an additional 87 shares in the last quarter. Tredje AP fonden acquired a new stake in shares of SVB Financial Group during the second quarter worth $144,000. Engineers Gate Manager LP acquired a new stake in shares of SVB Financial Group during the second quarter worth $614,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of SVB Financial Group by 75.9% during the second quarter. Wells Fargo & Company MN now owns 99,690 shares of the bank’s stock worth $17,525,000 after buying an additional 43,016 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Maxim Group reissued a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday. Barclays lifted their target price on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. SunTrust Banks reissued a “buy” rating and set a $280.00 target price on shares of SVB Financial Group in a report on Wednesday, January 3rd. Morgan Stanley reissued an “overweight” rating and set a $213.00 target price (up previously from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $229.29.

In related news, insider Gregory W. Becker sold 9,511 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total value of $2,213,019.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,291 shares of company stock valued at $4,558,918. 0.73% of the stock is owned by insiders.

SVB Financial Group (NASDAQ:SIVB) traded up $1.00 during mid-day trading on Friday, reaching $250.65. The company had a trading volume of 268,500 shares, compared to its average volume of 392,375. The firm has a market capitalization of $13,220.00, a P/E ratio of 28.16, a PEG ratio of 1.82 and a beta of 1.62. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $254.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. SVB Financial Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. analysts anticipate that SVB Financial Group will post 9.64 EPS for the current fiscal year.

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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.

Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVB).

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

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