First Hawaiian Bank purchased a new position in SVB Financial Group (NASDAQ:SIVB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,562 shares of the bank’s stock, valued at approximately $2,039,000.

Other institutional investors have also modified their holdings of the company. British Airways Pensions Investment Management Ltd raised its position in SVB Financial Group by 0.8% in the second quarter. British Airways Pensions Investment Management Ltd now owns 33,122 shares of the bank’s stock worth $9,564,000 after acquiring an additional 271 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in SVB Financial Group in the second quarter worth about $2,800,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in SVB Financial Group in the second quarter worth about $2,346,000. Northwestern Mutual Wealth Management Co. raised its position in SVB Financial Group by 458.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,129 shares of the bank’s stock worth $326,000 after acquiring an additional 927 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position in SVB Financial Group by 2.8% in the second quarter. AMP Capital Investors Ltd now owns 14,106 shares of the bank’s stock worth $4,073,000 after acquiring an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

NASDAQ:SIVB opened at $296.98 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. SVB Financial Group has a fifty-two week low of $180.32 and a fifty-two week high of $333.74. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.48.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.86 by $0.56. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The company had revenue of $659.10 million for the quarter, compared to analysts’ expectations of $612.75 million. During the same quarter in the previous year, the business posted $2.32 EPS. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. As a group, equities analysts forecast that SVB Financial Group will post 17.29 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Gregory W. Becker sold 7,000 shares of SVB Financial Group stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $325.40, for a total transaction of $2,277,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John F. Robinson sold 500 shares of SVB Financial Group stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $324.07, for a total value of $162,035.00. Following the transaction, the director now directly owns 5,017 shares in the company, valued at approximately $1,625,859.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,372 shares of company stock worth $6,442,641. Company insiders own 0.74% of the company’s stock.

SIVB has been the topic of several recent analyst reports. JMP Securities boosted their price objective on SVB Financial Group from $345.00 to $385.00 and gave the stock a “market outperform” rating in a report on Friday, July 27th. Jefferies Financial Group boosted their price objective on SVB Financial Group to $378.00 and gave the stock a “buy” rating in a report on Monday, August 27th. Stephens restated a “buy” rating and set a $350.00 price objective on shares of SVB Financial Group in a report on Friday, July 13th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $346.00 price objective on the stock in a report on Monday, July 23rd. Finally, Morgan Stanley boosted their price objective on SVB Financial Group from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $356.56.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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

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