New Jersey Better Educational Savings Trust Has $527,000 Stake in SVB Financial Group (NASDAQ:SIVB)

New Jersey Better Educational Savings Trust held its position in SVB Financial Group (NASDAQ:SIVB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the bank’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in SVB Financial Group were worth $527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SIVB. BlackRock Inc. raised its position in SVB Financial Group by 16,192.8% in the first quarter. BlackRock Inc. now owns 4,539,004 shares of the bank’s stock worth $844,664,000 after buying an additional 4,511,145 shares during the period. Harbour Capital Advisors LLC raised its position in SVB Financial Group by 17,141.0% in the second quarter. Harbour Capital Advisors LLC now owns 1,389,972 shares of the bank’s stock worth $7,907,000 after buying an additional 1,381,910 shares during the period. Credit Agricole S A raised its position in SVB Financial Group by 924.5% in the first quarter. Credit Agricole S A now owns 1,128,284 shares of the bank’s stock worth $44,547,000 after buying an additional 1,018,151 shares during the period. Columbus Circle Investors acquired a new position in SVB Financial Group during the first quarter worth $51,840,000. Finally, Vanguard Group Inc. raised its position in SVB Financial Group by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,205,626 shares of the bank’s stock worth $782,624,000 after buying an additional 275,274 shares during the period. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

SVB Financial Group (SIVB) opened at 179.55 on Thursday. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 21.82 and a beta of 1.59. The company’s 50 day moving average is $179.34 and its 200-day moving average is $181.16. SVB Financial Group has a 52-week low of $101.28 and a 52-week high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The company had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $451.96 million. During the same quarter last year, the business earned $1.78 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that SVB Financial Group will post $8.98 EPS for the current fiscal year.

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SIVB has been the topic of a number of recent research reports. Piper Jaffray Companies dropped their price objective on shares of SVB Financial Group from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. Barclays PLC reaffirmed a “hold” rating and issued a $188.00 price objective on shares of SVB Financial Group in a research note on Monday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $192.00 price objective on shares of SVB Financial Group in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $202.75.

In other SVB Financial Group news, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, the insider now owns 2,872 shares in the company, valued at approximately $525,001.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total transaction of $637,245.00. Following the sale, the insider now owns 14,064 shares in the company, valued at approximately $2,560,632.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,314 shares of company stock worth $4,085,570. 0.73% of the stock is owned by company insiders.

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.

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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