Axa lessened its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 77.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,238 shares of the bank’s stock after selling 14,348 shares during the period. Axa’s holdings in SVB Financial Group were worth $745,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SIVB. BDO Wealth Advisors LLC bought a new position in shares of SVB Financial Group during the 2nd quarter valued at about $109,000. Exane Derivatives bought a new position in shares of SVB Financial Group during the 2nd quarter valued at about $119,000. Peddock Capital Advisors LLC bought a new position in shares of SVB Financial Group during the 2nd quarter valued at about $130,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of SVB Financial Group by 79.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock valued at $136,000 after purchasing an additional 343 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of SVB Financial Group by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 179.82 on Monday. SVB Financial Group has a 12 month low of $104.84 and a 12 month high of $198.83. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 21.85 and a beta of 1.61. The company has a 50-day moving average price of $172.02 and a 200-day moving average price of $178.69.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27. The business had revenue of $471.70 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $1.78 earnings per share. Analysts forecast that SVB Financial Group will post $8.99 earnings per share for the current fiscal year.

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In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total value of $637,245.00. Following the transaction, the insider now owns 14,064 shares in the company, valued at $2,560,632.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip C. Cox sold 3,024 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 in the company, valued at approximately $525,001.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,524 shares of company stock worth $1,534,052. Corporate insiders own 0.73% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded SVB Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Barclays PLC reiterated an “equal weight” rating and set a $191.00 price objective (up previously from $188.00) on shares of SVB Financial Group in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $195.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $212.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a report on Sunday, June 11th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. SVB Financial Group has an average rating of “Buy” and an average target price of $202.75.

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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