SVB Financial Group (SIVB) Holdings Held by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. continued to hold its stake in SVB Financial Group (NASDAQ:SIVB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,986 shares of the bank’s stock at the end of the 2nd quarter. Westwood Holdings Group Inc.’s holdings in SVB Financial Group were worth $2,986,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BDO Wealth Advisors LLC acquired a new stake in SVB Financial Group during the second quarter worth about $109,000. Exane Derivatives acquired a new stake in SVB Financial Group during the second quarter worth about $119,000. Peddock Capital Advisors LLC acquired a new stake in SVB Financial Group during the second quarter worth about $130,000. Whittier Trust Co. of Nevada Inc. grew its stake in 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 in the last quarter. Finally, Global X Management Co. LLC grew its stake in SVB Financial Group by 58.6% during the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 92.12% of the company’s stock.
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SVB Financial Group (SIVB) traded down 1.74% during midday trading on Friday, hitting $184.16. 376,449 shares of the stock were exchanged. The company has a market capitalization of $9.70 billion, a P/E ratio of 22.38 and a beta of 1.63. SVB Financial Group has a 1-year low of $114.22 and a 1-year high of $198.83. The company’s 50 day moving average is $177.25 and its 200 day moving average is $178.34.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.27. The company had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. SVB Financial Group’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. Analysts predict that SVB Financial Group will post $8.99 earnings per share for the current fiscal year.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $172.01, for a total value of $344,020.00. Following the completion of the sale, the director now owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Descheneaux sold 3,500 shares of the company’s 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 completion of the sale, 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. Over the last 90 days, insiders sold 8,524 shares of company stock worth $1,534,052. 0.73% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on SIVB shares. ValuEngine upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Wedbush reiterated a “neutral” rating and set a $192.00 price objective on shares of SVB Financial Group in a research note on Tuesday, June 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $212.00 price objective on shares of SVB Financial Group in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. SVB Financial Group presently has a consensus rating of “Buy” and a consensus target price of $203.00.
SVB Financial Group 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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