Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,661 shares of the bank’s stock after buying an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SVB Financial Group were worth $1,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BDO Wealth Advisors LLC bought a new stake in shares of SVB Financial Group during the second quarter worth approximately $109,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of SVB Financial Group during the first quarter worth approximately $117,000. Exane Derivatives bought a new stake in shares of SVB Financial Group during the second quarter worth approximately $119,000. Peddock Capital Advisors LLC bought a new stake in shares of SVB Financial Group during the second quarter worth approximately $130,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of SVB Financial Group by 79.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock worth $136,000 after buying an additional 343 shares during the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

SVB Financial Group (NASDAQ:SIVB) opened at 162.46 on Friday. SVB Financial Group has a 12-month low of $103.12 and a 12-month high of $198.83. The firm has a market cap of $8.56 billion, a PE ratio of 19.74 and a beta of 1.61. The stock has a 50 day moving average of $173.61 and a 200 day moving average of $179.87.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The company had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter in the previous year, the business posted $1.78 EPS. SVB Financial Group’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that SVB Financial Group will post $8.99 EPS for the current fiscal year.

SIVB has been the subject of a number of recent research reports. 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 note on Tuesday, July 4th. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a report on Sunday, June 11th. Stephens restated a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $212.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $202.75.

In related news, insider Michael Descheneaux sold 3,500 shares of SVB Financial Group stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the sale, the insider now owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Philip C. Cox sold 3,024 shares of SVB Financial Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. In the last three months, insiders sold 8,524 shares of company stock valued at $1,534,052. 0.73% of the stock is currently owned by insiders.

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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.

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

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