SG Americas Securities LLC Sells 193 Shares of SVB Financial Group (NASDAQ:SIVB)

SG Americas Securities LLC trimmed its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,048 shares of the bank’s stock after selling 193 shares during the quarter. SG Americas Securities LLC’s holdings in SVB Financial Group were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its holdings in SVB Financial Group by 30.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. First Mercantile Trust Co. increased its holdings in SVB Financial Group by 18.8% in the 1st quarter. First Mercantile Trust Co. now owns 525 shares of the bank’s stock valued at $79,000 after purchasing an additional 83 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in SVB Financial Group by 63.9% in the 4th quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock valued at $50,000 after purchasing an additional 85 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of SVB Financial Group by 77.4% in the first quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of SVB Financial Group by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,089 shares of the bank’s stock worth $274,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

In other news, insider John China sold 1,264 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $200.00, for a total value of $252,800.00. Following the completion of the sale, the insider now directly owns 22,279 shares of the company’s stock, valued at $4,455,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Edmonds-Waters sold 804 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $219.05, for a total transaction of $176,116.20. Following the completion of the sale, the insider now directly owns 4,804 shares of the company’s stock, valued at $1,052,316.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,476 shares of company stock valued at $4,811,007. 0.78% of the stock is owned by corporate insiders.

Shares of SIVB opened at $224.27 on Friday. SVB Financial Group has a 1-year low of $127.39 and a 1-year high of $270.95. The stock has a market cap of $11.55 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.00 and a beta of 2.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a fifty day moving average price of $215.17 and a 200 day moving average price of $206.69.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $1.46. SVB Financial Group had a net margin of 25.26% and a return on equity of 13.61%. The firm had revenue of $881.78 million during the quarter, compared to analysts’ expectations of $757.21 million. During the same period in the previous year, the company earned $6.08 earnings per share. As a group, equities analysts expect that SVB Financial Group will post 14.1 EPS for the current fiscal year.

Several equities analysts have commented on SIVB shares. Oppenheimer started coverage on shares of SVB Financial Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $329.00 price target for the company. Raymond James upgraded shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a research note on Wednesday, June 17th. JPMorgan Chase & Co. boosted their price target on shares of SVB Financial Group from $250.00 to $275.00 in a research note on Friday, July 24th. Barclays boosted their price target on shares of SVB Financial Group from $214.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, Bank of America boosted their price target on shares of SVB Financial Group from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $232.63.

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.

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

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