Vontobel Holding Ltd. decreased its position in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) by 28.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 893 shares of the bank's stock after selling 363 shares during the quarter. Vontobel Holding Ltd.'s holdings in SVB Financial Group were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SIVB. First Horizon Advisors Inc. lifted its holdings in SVB Financial Group by 200.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 72 shares of the bank's stock worth $27,000 after buying an additional 48 shares during the period. Private Trust Co. NA raised its position in shares of SVB Financial Group by 107.8% in the 3rd quarter. Private Trust Co. NA now owns 106 shares of the bank's stock worth $36,000 after acquiring an additional 55 shares in the last quarter. JCSD Capital LLC bought a new position in shares of SVB Financial Group in the 2nd quarter worth about $39,000. Geneos Wealth Management Inc. raised its position in shares of SVB Financial Group by 100.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 72 shares of the bank's stock worth $40,000 after acquiring an additional 36 shares in the last quarter. Finally, Twin Lakes Capital Management LLC bought a new position in shares of SVB Financial Group in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 92.35% of the company's stock.

Insider Transactions at SVB Financial Group

In other news, CMO Michelle Draper sold 2,414 shares of the business's stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $215.61, for a total value of $520,482.54. Following the transaction, the chief marketing officer now owns 2,997 shares in the company, valued at approximately $646,183.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Beverly Kay Matthews acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, January 3rd. The shares were acquired at an average price of $232.06 per share, for a total transaction of $232,060.00. Following the completion of the purchase, the director now owns 2,374 shares in the company, valued at $550,910.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Michelle Draper sold 2,414 shares of the company's stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $215.61, for a total value of $520,482.54. Following the completion of the transaction, the chief marketing officer now owns 2,997 shares in the company, valued at approximately $646,183.17. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

SVB Financial Group Price Performance

SVB Financial Group (NASDAQ:SIVB – Get Rating) last announced its earnings results on Thursday, January 19th. The bank reported $4.62 earnings per share for the quarter, missing analysts' consensus estimates of $5.26 by ($0.64). SVB Financial Group had a return on equity of 13.02% and a net margin of 22.05%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm earned $6.22 EPS. SVB Financial Group's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that SVB Financial Group will post 19.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SIVB. Maxim Group lowered their price objective on SVB Financial Group from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, January 23rd. Wells Fargo & Company lowered their price objective on SVB Financial Group from $400.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, December 15th. Piper Sandler lowered their price objective on SVB Financial Group from $265.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, December 7th. Raymond James boosted their target price on SVB Financial Group from $260.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, January 20th. Finally, Royal Bank of Canada decreased their target price on SVB Financial Group from $474.00 to $350.00 and set an "outperform" rating for the company in a research report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $359.52.

SVB Financial Group Company Profile

(Get Rating)

SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

Featured Stories

• Get a free copy of the StockNews.com research report on SVB Financial Group (SIVB)
• Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
• Mullen Automotive Stock Gains Momentum On Positive News
• Harley-Davidson Inc. Stock, Is It Time To Buy?
• The Bottom Is In For Meta Platforms, Volatility Is Not Over
• Analyzing Alaska Air's Recent Earnings

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.