Appleton Partners Inc. MA Has $7.31 Million Holdings in SVB Financial Group (SIVB)

Appleton Partners Inc. MA raised its position in SVB Financial Group (NASDAQ:SIVB) by 5.9% during the third quarter, HoldingsChannel.com reports. The fund owned 23,521 shares of the bank’s stock after purchasing an additional 1,314 shares during the quarter. Appleton Partners Inc. MA’s holdings in SVB Financial Group were worth $7,311,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of SVB Financial Group by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 335,372 shares of the bank’s stock valued at $80,493,000 after purchasing an additional 19,303 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of SVB Financial Group during the 1st quarter valued at about $244,000. Sei Investments Co. boosted its stake in shares of SVB Financial Group by 8.1% during the 1st quarter. Sei Investments Co. now owns 34,403 shares of the bank’s stock valued at $8,258,000 after purchasing an additional 2,583 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of SVB Financial Group by 8.7% during the 1st quarter. Stifel Financial Corp now owns 36,001 shares of the bank’s stock valued at $8,641,000 after purchasing an additional 2,882 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of SVB Financial Group by 10.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 84,817 shares of the bank’s stock valued at $20,357,000 after purchasing an additional 8,285 shares in the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

In other news, insider Gregory W. Becker sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $325.40, for a total transaction of $2,277,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John F. Robinson sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $324.07, for a total transaction of $162,035.00. Following the transaction, the director now directly owns 5,017 shares of the company’s stock, valued at $1,625,859.19. The disclosure for this sale can be found here. Insiders have sold 20,372 shares of company stock valued at $6,442,641 over the last three months. 0.74% of the stock is owned by corporate insiders.

A number of brokerages have recently weighed in on SIVB. Royal Bank of Canada reaffirmed a “buy” rating and set a $355.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. SunTrust Banks lifted their target price on shares of SVB Financial Group to $350.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Wedbush lifted their target price on shares of SVB Financial Group from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $355.88.

Shares of SIVB traded down $2.27 during mid-day trading on Tuesday, hitting $316.10. 37,798 shares of the company traded hands, compared to its average volume of 529,213. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. SVB Financial Group has a 1 year low of $180.32 and a 1 year high of $333.74. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.63 and a beta of 1.48.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, beating the consensus estimate of $3.86 by $0.56. SVB Financial Group had a net margin of 29.56% and a return on equity of 16.47%. The firm had revenue of $659.10 million during the quarter, compared to analysts’ expectations of $612.75 million. During the same period in the previous year, the company earned $2.32 earnings per share. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, analysts expect that SVB Financial Group will post 17.29 earnings per share for the current year.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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

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