Moody Aldrich Partners LLC Takes Position in SVB Financial Group (NASDAQ:SIVB)

Moody Aldrich Partners LLC acquired a new stake in shares of SVB Financial Group (NASDAQ:SIVB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,303 shares of the bank’s stock, valued at approximately $281,000.

Other large investors have also recently modified their holdings of the company. Lindbrook Capital LLC raised its stake in shares of SVB Financial Group by 77.4% during the first quarter. Lindbrook Capital LLC now owns 204 shares of the bank’s stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of SVB Financial Group by 63.9% during the fourth quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock valued at $50,000 after acquiring an additional 85 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of SVB Financial Group by 30.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Clean Yield Group raised its stake in shares of SVB Financial Group by 177.8% during the first quarter. Clean Yield Group now owns 350 shares of the bank’s stock valued at $53,000 after acquiring an additional 224 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of SVB Financial Group during the first quarter valued at about $67,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on SIVB. Barclays upped their price objective on shares of SVB Financial Group from $214.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wolfe Research started coverage on shares of SVB Financial Group in a research report on Friday. They set an “outperform” rating on the stock. Oppenheimer started coverage on shares of SVB Financial Group in a research report on Monday, June 8th. They set an “outperform” rating and a $329.00 price target on the stock. DA Davidson cut shares of SVB Financial Group from a “buy” rating to a “neutral” rating and set a $230.00 price target on the stock. in a research report on Monday, June 1st. Finally, Royal Bank of Canada boosted their price target on shares of SVB Financial Group from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $232.63.

In related news, insider Marc C. Cadieux sold 2,000 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $227.83, for a total transaction of $455,660.00. Following the transaction, the insider now owns 15,378 shares in the company, valued at $3,503,569.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Philip C. Cox sold 1,397 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $213.41, for a total transaction of $298,133.77. Following the transaction, the insider now owns 8,548 shares in the company, valued at approximately $1,824,228.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,476 shares of company stock worth $4,811,007. Corporate insiders own 0.78% of the company’s stock.

SIVB traded down $1.08 during midday trading on Friday, reaching $224.27. The company’s stock had a trading volume of 300,320 shares, compared to its average volume of 282,998. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.99 and a beta of 2.25. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. SVB Financial Group has a 1 year low of $127.39 and a 1 year high of $270.95. The stock’s 50-day moving average is $215.17 and its 200-day moving average is $206.69.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $4.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.96 by $1.46. SVB Financial Group had a net margin of 25.26% and a return on equity of 13.61%. The firm had revenue of $881.78 million for the quarter, compared to analysts’ expectations of $757.21 million. During the same quarter in the prior year, the company posted $6.08 earnings per share. As a group, equities research analysts forecast that SVB Financial Group will post 14.1 earnings per share for the current fiscal year.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, 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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