SVB Financial Group (SIVB) Shares Sold by Standard Life Aberdeen plc

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Standard Life Aberdeen plc reduced its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,815 shares of the bank’s stock after selling 12,308 shares during the period. Standard Life Aberdeen plc’s holdings in SVB Financial Group were worth $2,626,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its stake in SVB Financial Group by 24.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 37,676 shares of the bank’s stock valued at $11,708,000 after purchasing an additional 7,472 shares during the last quarter. US Bancorp DE grew its stake in SVB Financial Group by 12.3% during the 3rd quarter. US Bancorp DE now owns 2,077 shares of the bank’s stock valued at $645,000 after purchasing an additional 228 shares during the last quarter. Private Advisor Group LLC purchased a new stake in SVB Financial Group during the 3rd quarter valued at about $769,000. Stratos Wealth Partners LTD. purchased a new stake in SVB Financial Group during the 3rd quarter valued at about $146,000. Finally, Wells Fargo & Company MN grew its stake in SVB Financial Group by 16.2% during the 3rd quarter. Wells Fargo & Company MN now owns 139,698 shares of the bank’s stock valued at $43,422,000 after purchasing an additional 19,447 shares during the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.

A number of analysts have recently commented on SIVB shares. ValuEngine downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Bank of America set a $280.00 target price on SVB Financial Group and gave the stock a “buy” rating in a research note on Tuesday, March 5th. BidaskClub upgraded SVB Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 29th. SunTrust Banks increased their target price on SVB Financial Group to $280.00 and gave the company a “buy” rating in a report on Monday, January 28th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $291.00 target price on SVB Financial Group and gave the company a “buy” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $313.35.

In other news, insider John China sold 11,200 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total transaction of $2,790,144.00. Following the completion of the transaction, the insider now directly owns 22,172 shares in the company, valued at $5,523,488.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michelle Draper sold 1,748 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $238.44, for a total value of $416,793.12. Following the transaction, the insider now owns 7,573 shares of the company’s stock, valued at $1,805,706.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,617 shares of company stock valued at $4,096,266. Company insiders own 0.74% of the company’s stock.

Shares of SIVB traded up $1.38 during midday trading on Friday, hitting $246.86. 103,760 shares of the stock were exchanged, compared to its average volume of 511,667. SVB Financial Group has a 52-week low of $177.70 and a 52-week high of $333.74. The firm has a market cap of $12.68 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.58 and a beta of 2.03. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, January 24th. The bank reported $4.96 EPS for the quarter, topping the consensus estimate of $4.69 by $0.27. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The business had revenue of $673.69 million during the quarter, compared to analyst estimates of $697.89 million. During the same period last year, the business posted $2.19 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Sell-side analysts expect that SVB Financial Group will post 20.39 earnings per share for the current year.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.

Read More: What is a good rate of return for a mutual fund?

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

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