Segantii Capital Management Ltd Has $545,000 Position in SVB Financial Group (NASDAQ:SIVB)
Segantii Capital Management Ltd lowered its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 3,100 shares of the bank’s stock after selling 800 shares during the period. Segantii Capital Management Ltd’s holdings in SVB Financial Group were worth $545,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of SVB Financial Group during the first quarter valued at $117,000. Exane Derivatives purchased a new stake in shares of SVB Financial Group during the second quarter valued at $119,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after buying an additional 343 shares during the period. Global X Management Co. LLC increased its stake in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 289 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of SVB Financial Group by 11.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after buying an additional 90 shares during the period. 95.12% of the stock is owned by institutional investors.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at 172.82 on Friday. SVB Financial Group has a 52-week low of $101.28 and a 52-week high of $198.83. The company has a market cap of $9.11 billion, a P/E ratio of 21.00 and a beta of 1.59. The firm has a 50-day moving average of $179.31 and a 200-day moving average of $181.11.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.27. The business had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $451.96 million. SVB Financial Group had a net margin of 28.12% and a return on equity of 12.90%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. Equities research analysts forecast that SVB Financial Group will post $8.98 earnings per share for the current year.
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SIVB has been the subject of several analyst reports. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating and set a $216.00 price target on shares of SVB Financial Group in a research report on Sunday, June 11th. Stephens reissued a “buy” rating on shares of SVB Financial Group in a research report on Thursday, April 27th. Piper Jaffray Companies reduced their price target on shares of SVB Financial Group from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, April 17th. Finally, Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a research report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price 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 on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the transaction, the insider now owns 2,872 shares of the company’s stock, valued at $525,001.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,314 shares of company stock valued at $4,085,570. Corporate insiders own 0.73% of the company’s stock.
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.
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