BNP Paribas Arbitrage SA Has $8.02 Million Stake in SVB Financial Group (SIVB)
BNP Paribas Arbitrage SA grew its stake in SVB Financial Group (NASDAQ:SIVB) by 37.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,877 shares of the bank’s stock after purchasing an additional 11,740 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.08% of SVB Financial Group worth $8,022,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SIVB. Nomura Asset Management Co. Ltd. increased its position in shares of SVB Financial Group by 11.7% in the 1st 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of SVB Financial Group in the 2nd quarter valued at $176,000. Xact Kapitalforvaltning AB bought a new stake in shares of SVB Financial Group in the 2nd quarter valued at $715,000. Capstone Asset Management Co. increased its position in shares of SVB Financial Group by 8.1% in the 2nd quarter. Capstone Asset Management Co. now owns 5,160 shares of the bank’s stock valued at $907,000 after buying an additional 386 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in shares of SVB Financial Group by 1.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,530 shares of the bank’s stock valued at $1,499,000 after buying an additional 145 shares in the last quarter. 94.52% of the stock is currently owned by institutional investors.
In other news, insider Kamran F. Husain sold 2,890 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the sale, the insider now directly owns 890 shares in the company, valued at $195,978. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 7,150 shares of company stock valued at $1,476,106 over the last 90 days. Company insiders own 0.73% of the company’s stock.
SIVB has been the subject of a number of research reports. SunTrust Banks, Inc. increased their target price on SVB Financial Group to $245.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company reiterated an “outperform” rating and set a $240.00 target price (up previously from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and an average price target of $216.21.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $214.23 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market cap of $11,272.80, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64. SVB Financial Group has a 1 year low of $147.56 and a 1 year high of $223.82.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the business posted $2.12 earnings per share. sell-side analysts anticipate that SVB Financial Group will post 9.5 EPS for the current fiscal year.
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.
Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVB).
Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.