Sei Investments Co. lowered its position in shares of SVB Financial Group (NASDAQ:SIVB) by 25.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 45,892 shares of the bank’s stock after selling 15,878 shares during the period. Sei Investments Co.’s holdings in SVB Financial Group were worth $8,068,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Credit Agricole S A boosted its position in shares of SVB Financial Group by 924.5% in the first quarter. Credit Agricole S A now owns 1,128,284 shares of the bank’s stock worth $44,547,000 after buying an additional 1,018,151 shares during the last quarter. Columbus Circle Investors purchased a new position in shares of SVB Financial Group during the first quarter worth about $51,840,000. Karp Capital Management Corp purchased a new position in shares of SVB Financial Group during the first quarter worth about $2,853,000. American International Group Inc. boosted its position in shares of SVB Financial Group by 4.1% in the first quarter. American International Group Inc. now owns 104,418 shares of the bank’s stock worth $19,431,000 after buying an additional 4,133 shares during the last quarter. Finally, First Manhattan Co. boosted its position in shares of SVB Financial Group by 23.7% in the first quarter. First Manhattan Co. now owns 3,000 shares of the bank’s stock worth $331,000 after buying an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 95.12% of the company’s stock.

SVB Financial Group (NASDAQ:SIVB) opened at 172.03 on Friday. The firm’s 50-day moving average is $179.24 and its 200 day moving average is $181.13. SVB Financial Group has a 1-year low of $103.05 and a 1-year high of $198.83. The company has a market cap of $9.06 billion, a PE ratio of 20.91 and a beta of 1.59.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.27. The business had revenue of $471.70 million during the quarter, compared to the consensus estimate of $451.96 million. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. Analysts predict that SVB Financial Group will post $8.98 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on SIVB. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Wedbush reiterated a “neutral” rating and issued a $192.00 price target on shares of SVB Financial Group in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 price target on shares of SVB Financial Group in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price target on shares of SVB Financial Group in a research note on Friday. Finally, Barclays PLC reiterated a “hold” rating and issued a $188.00 price target on shares of SVB Financial Group in a research note on Monday, May 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $202.75.

In other SVB Financial Group news, insider Bruce Wallace sold 8,790 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $182.58, for a total value of $1,604,878.20. Following the completion of the sale, the insider now owns 14,248 shares of the company’s stock, valued at $2,601,399.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Descheneaux sold 7,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $184.38, for a total value of $1,290,660.00. Following the completion of the sale, the chief financial officer now directly owns 18,419 shares of the company’s stock, valued at approximately $3,396,095.22. The disclosure for this sale can be found here. In the last three months, insiders sold 22,314 shares of company stock valued at $4,085,570. Corporate insiders own 0.73% of the company’s stock.

About SVB Financial Group

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

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