Corient Capital Partners LLC Grows Stock Position in SVB Financial Group (NASDAQ:SIVB)

Corient Capital Partners LLC boosted its position in SVB Financial Group (NASDAQ:SIVBGet Rating) by 19.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,386 shares of the bank’s stock after purchasing an additional 226 shares during the period. Corient Capital Partners LLC’s holdings in SVB Financial Group were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in SVB Financial Group by 6.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 349 shares of the bank’s stock worth $195,000 after buying an additional 21 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of SVB Financial Group by 6.0% in the first quarter. Clearstead Advisors LLC now owns 390 shares of the bank’s stock valued at $218,000 after purchasing an additional 22 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of SVB Financial Group by 2.3% in the second quarter. Perigon Wealth Management LLC now owns 1,032 shares of the bank’s stock valued at $408,000 after purchasing an additional 23 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in shares of SVB Financial Group by 52.0% in the second quarter. TCI Wealth Advisors Inc. now owns 76 shares of the bank’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of SVB Financial Group by 73.0% in the first quarter. Valley National Advisers Inc. now owns 64 shares of the bank’s stock valued at $36,000 after purchasing an additional 27 shares in the last quarter. 91.48% of the stock is owned by hedge funds and other institutional investors.

SVB Financial Group Trading Up 2.3 %

Shares of SIVB stock opened at $222.20 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $287.08 and a two-hundred day moving average price of $376.87. SVB Financial Group has a 12-month low of $204.37 and a 12-month high of $752.68. The firm has a market cap of $13.13 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.52.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings results on Thursday, October 20th. The bank reported $7.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.95 by $0.26. SVB Financial Group had a return on equity of 13.72% and a net margin of 25.57%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $7.26 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that SVB Financial Group will post 26.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SIVB shares. The Goldman Sachs Group reduced their price target on SVB Financial Group from $450.00 to $360.00 and set a “buy” rating for the company in a research report on Friday, September 30th. Barclays reduced their price target on SVB Financial Group from $510.00 to $411.00 and set an “equal weight” rating for the company in a research report on Friday, October 21st. TheStreet cut SVB Financial Group from a “b-” rating to a “c+” rating in a research report on Thursday, September 29th. Royal Bank of Canada dropped their price objective on SVB Financial Group from $474.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Finally, Raymond James dropped their price objective on SVB Financial Group from $480.00 to $345.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SVB Financial Group currently has a consensus rating of “Hold” and an average target price of $419.79.

SVB Financial Group Profile

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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.

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

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