IFM Investors Pty Ltd grew its stake in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,988 shares of the bank's stock after buying an additional 618 shares during the period. IFM Investors Pty Ltd's holdings in SVB Financial Group were worth $3,945,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in SIVB. Capital International Investors grew its stake in shares of SVB Financial Group by 28.0% during the 1st quarter. Capital International Investors now owns 2,449,195 shares of the bank's stock valued at $1,370,224,000 after buying an additional 535,924 shares during the period. Norges Bank purchased a new stake in shares of SVB Financial Group during the 4th quarter valued at $346,160,000. Alecta Tjanstepension Omsesidigt grew its stake in shares of SVB Financial Group by 20.8% during the 2nd quarter. Alecta Tjanstepension Omsesidigt now owns 2,150,000 shares of the bank's stock valued at $849,766,000 after buying an additional 370,500 shares during the period. CI Investments Inc. grew its stake in shares of SVB Financial Group by 3,527,342.9% during the 1st quarter. CI Investments Inc. now owns 246,921 shares of the bank's stock valued at $138,140,000 after buying an additional 246,914 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of SVB Financial Group by 67.3% during the 1st quarter. Ninety One UK Ltd now owns 598,112 shares of the bank's stock valued at $334,614,000 after buying an additional 240,526 shares during the period. 91.48% of the stock is owned by hedge funds and other institutional investors.
Get
SVB Financial Group alerts:
Wall Street Analysts Forecast Growth
SIVB has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered shares of SVB Financial Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $600.00 to $450.00 in a report on Wednesday, August 3rd. Jefferies Financial Group reduced their target price on shares of SVB Financial Group from $534.00 to $498.00 in a report on Monday, July 11th. JPMorgan Chase & Co. reduced their target price on shares of SVB Financial Group from $875.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Royal Bank of Canada reduced their target price on shares of SVB Financial Group from $515.00 to $495.00 and set an "outperform" rating on the stock in a report on Tuesday, September 13th. Finally, Oppenheimer lowered shares of SVB Financial Group from an "outperform" rating to a "market perform" rating and set a $404.85 target price on the stock. in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, SVB Financial Group has a consensus rating of "Moderate Buy" and a consensus target price of $547.57.
SVB Financial Group Trading Down 0.5 %
Shares of NASDAQ:SIVB opened at $340.83 on Friday. The company has a 50 day moving average of $407.57 and a 200-day moving average of $454.73. The firm has a market cap of $20.14 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.46 and a beta of 1.72. SVB Financial Group has a twelve month low of $331.60 and a twelve month high of $763.22. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.27.
SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The bank reported $5.60 earnings per share for the quarter, missing analysts' consensus estimates of $7.76 by ($2.16). SVB Financial Group had a return on equity of 13.43% and a net margin of 25.58%. During the same quarter last year, the business earned $9.09 earnings per share. As a group, analysts anticipate that SVB Financial Group will post 29.22 earnings per share for the current fiscal year.
SVB Financial Group Profile
(Get Rating)
SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.
Featured Articles
- Get a free copy of the StockNews.com research report on SVB Financial Group (SIVB)
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- 2 Semiconductor Stocks To Watch For Reversals
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 – Get Rating).
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.
