Advisory Research Inc. Maintains Stake in SVB Financial Group (SIVB)

Advisory Research Inc. continued to hold its position in SVB Financial Group (NASDAQ:SIVB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,692 shares of the bank’s stock at the close of the second quarter. Advisory Research Inc.’s holdings in SVB Financial Group were worth $1,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in SVB Financial Group by 16.5% during the 2nd quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after buying an additional 748,591 shares during the period. Vanguard Group Inc. raised its stake in SVB Financial Group by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock worth $769,356,000 after buying an additional 170,941 shares during the period. State Street Corp raised its stake in SVB Financial Group by 13.5% during the 2nd quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after buying an additional 288,697 shares during the period. JPMorgan Chase & Co. raised its stake in SVB Financial Group by 41.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock worth $375,282,000 after buying an additional 629,917 shares during the period. Finally, Capital Research Global Investors raised its stake in SVB Financial Group by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 2,106,730 shares of the bank’s stock worth $370,342,000 after buying an additional 45,620 shares during the period. 92.12% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on SIVB. Jefferies Group LLC reissued a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday, August 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $195.00 price objective on shares of SVB Financial Group in a research note on Friday, July 14th. Maxim Group increased their price objective on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $203.00.

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SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 earnings per share 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 during the quarter, compared to analyst estimates of $451.96 million. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis.

In related news, insider Michael Descheneaux sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the transaction, the insider now directly owns 14,064 shares in the company, valued at approximately $2,560,632.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the transaction, the director now owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,524 shares of company stock valued at $1,534,052. 0.73% of the stock is owned by company insiders.

SVB Financial Group 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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