Rampart Investment Management Company LLC Sells 960 Shares of SVB Financial Group (NASDAQ:SIVB)

Rampart Investment Management Company LLC reduced its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 58.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674 shares of the bank’s stock after selling 960 shares during the period. Rampart Investment Management Company LLC’s holdings in SVB Financial Group were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC raised its holdings in SVB Financial Group by 11.0% during the second quarter. Advisory Services Network LLC now owns 503 shares of the bank’s stock valued at $113,000 after buying an additional 50 shares in the last quarter. Nordea Investment Management AB grew its position in shares of SVB Financial Group by 1.7% in the first quarter. Nordea Investment Management AB now owns 3,250 shares of the bank’s stock valued at $723,000 after purchasing an additional 54 shares during the last quarter. Altman Advisors Inc. grew its position in shares of SVB Financial Group by 0.7% in the second quarter. Altman Advisors Inc. now owns 7,392 shares of the bank’s stock valued at $1,660,000 after purchasing an additional 54 shares during the last quarter. Seeyond grew its position in shares of SVB Financial Group by 11.6% in the second quarter. Seeyond now owns 518 shares of the bank’s stock valued at $116,000 after purchasing an additional 54 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of SVB Financial Group by 5.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,155 shares of the bank’s stock valued at $257,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 91.21% of the company’s stock.

In related news, insider Philip C. Cox sold 848 shares of SVB Financial Group stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $225.00, for a total transaction of $190,800.00. Following the sale, the insider now directly owns 8,264 shares of the company’s stock, valued at $1,859,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc C. Cadieux sold 2,000 shares of SVB Financial Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $229.94, for a total value of $459,880.00. Following the sale, the insider now directly owns 14,147 shares in the company, valued at $3,252,961.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,395 shares of company stock worth $1,379,838. 0.73% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on SIVB shares. Piper Jaffray Companies set a $265.00 price target on SVB Financial Group and gave the company a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $300.00 to $255.00 in a research report on Sunday, July 7th. Raymond James downgraded SVB Financial Group from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 8th. Barclays lowered their price target on SVB Financial Group from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Finally, JMP Securities lowered their price target on SVB Financial Group to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $269.15.

SIVB stock traded up $0.52 during trading on Friday, reaching $216.58. 474,420 shares of the stock were exchanged, compared to its average volume of 458,955. SVB Financial Group has a twelve month low of $177.70 and a twelve month high of $330.50. The company has a market capitalization of $11.23 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.37 and a beta of 2.14. The stock has a 50 day simple moving average of $201.72 and a 200-day simple moving average of $222.86. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.12.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 25th. The bank reported $6.08 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $1.10. SVB Financial Group had a return on equity of 21.44% and a net margin of 35.83%. The business had revenue of $863.15 million for the quarter, compared to the consensus estimate of $787.38 million. During the same period last year, the business earned $4.42 earnings per share. Equities analysts predict that SVB Financial Group will post 21.25 EPS 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. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

Recommended Story: Equal Weight Rating

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

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.