Credit Agricole S A cut its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 56.3% in the 4th quarter, Holdings Channel reports. The firm owned 38,503 shares of the bank’s stock after selling 49,686 shares during the quarter. Credit Agricole S A’s holdings in SVB Financial Group were worth $9,001,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Green Square Capital LLC bought a new position in SVB Financial Group in the 3rd quarter worth approximately $206,000. Lourd Capital LLC bought a new position in SVB Financial Group in the 4th quarter worth approximately $207,000. IPG Investment Advisors LLC bought a new position in SVB Financial Group in the 4th quarter worth approximately $213,000. Pinnacle Financial Partners Inc. bought a new position in SVB Financial Group in the 4th quarter worth approximately $214,000. Finally, Wade G W & Inc. bought a new position in SVB Financial Group in the 3rd quarter worth approximately $222,000. 88.49% of the stock is owned by institutional investors.
In other news, insider Gregory W. Becker sold 9,511 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total transaction of $2,213,019.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michelle Draper sold 2,510 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $248.95, for a total value of $624,864.50. Following the sale, the insider now owns 7,879 shares of the company’s stock, valued at approximately $1,961,477.05. The disclosure for this sale can be found here. Insiders sold 19,696 shares of company stock valued at $4,682,614 over the last 90 days. 0.73% of the stock is currently owned by insiders.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at $248.98 on Thursday. The firm has a market capitalization of $13,085.69, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $263.09.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). The firm had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same quarter last year, the company earned $1.89 earnings per share. equities analysts predict that SVB Financial Group will post 13.86 EPS for the current fiscal year.
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.
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