49,350 Shares in SVB Financial Group (SIVB) Purchased by DE Burlo Group Inc.

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DE Burlo Group Inc. bought a new stake in SVB Financial Group (NASDAQ:SIVB) in the first quarter, HoldingsChannel reports. The firm bought 49,350 shares of the bank’s stock, valued at approximately $10,973,000. SVB Financial Group makes up about 2.2% of DE Burlo Group Inc.’s holdings, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of SIVB. Tech Square Trading LP purchased a new stake in shares of SVB Financial Group in the first quarter valued at about $415,000. Synovus Financial Corp boosted its stake in SVB Financial Group by 20.7% during the first quarter. Synovus Financial Corp now owns 7,306 shares of the bank’s stock worth $1,622,000 after buying an additional 1,251 shares during the period. Magnus Financial Group LLC purchased a new position in SVB Financial Group during the first quarter worth about $202,000. Acadian Asset Management LLC purchased a new position in SVB Financial Group during the first quarter worth about $60,000. Finally, ARP Americas LP purchased a new position in SVB Financial Group during the first quarter worth about $356,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Shares of NASDAQ:SIVB opened at $224.60 on Monday. The company has a market capitalization of $11.82 billion, a P/E ratio of 12.32, a PEG ratio of 1.55 and a beta of 2.03. SVB Financial Group has a fifty-two week low of $177.70 and a fifty-two week high of $333.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.70 and a current ratio of 0.70.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.73 by $0.71. The firm had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a net margin of 36.09% and a return on equity of 20.83%. During the same quarter last year, the company earned $3.63 earnings per share. As a group, analysts predict that SVB Financial Group will post 20.37 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 590 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $251.10, for a total transaction of $148,149.00. Following the sale, the insider now owns 3,630 shares of the company’s stock, valued at $911,493. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John China sold 11,200 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 22,172 shares in the company, valued at approximately $5,523,488.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,383 shares of company stock worth $5,003,767. 0.73% of the stock is owned by corporate insiders.

Several brokerages have weighed in on SIVB. BidaskClub raised shares of SVB Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. ValuEngine lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Maxim Group lowered their target price on shares of SVB Financial Group to $325.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Bank of America set a $280.00 target price on shares of SVB Financial Group and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, SunTrust Banks increased their target price on shares of SVB Financial Group to $280.00 and gave the stock a “buy” rating in a research note on Monday, January 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $309.60.

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SVB Financial Group 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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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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