ARP Americas LP Cuts Stock Position in SVB Financial Group (NASDAQ:SIVB)

ARP Americas LP cut its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,246 shares of the bank’s stock after selling 754 shares during the period. ARP Americas LP’s holdings in SVB Financial Group were worth $484,000 as of its most recent SEC filing.

Other large investors have also 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 worth $31,000 after purchasing an additional 89 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of SVB Financial Group by 63.9% in the 4th quarter. Quadrant Capital Group LLC now owns 218 shares of the bank’s stock worth $50,000 after acquiring an additional 85 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of SVB Financial Group by 30.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $41,000 after acquiring an additional 64 shares in the last quarter. Clean Yield Group grew its position in shares of SVB Financial Group by 177.8% in the 1st quarter. Clean Yield Group now owns 350 shares of the bank’s stock worth $53,000 after acquiring an additional 224 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of SVB Financial Group in the 1st quarter worth approximately $67,000. Institutional investors own 90.74% of the company’s stock.

In related news, insider Christopher Edmonds-Waters sold 804 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $219.05, for a total transaction of $176,116.20. Following the completion of the transaction, the insider now owns 4,804 shares of the company’s stock, valued at approximately $1,052,316.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip C. Cox sold 1,397 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $213.41, for a total value of $298,133.77. Following the transaction, the insider now directly owns 8,548 shares of the company’s stock, 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 valued at $4,811,007. 0.78% of the stock is currently owned by corporate insiders.

Shares of SIVB traded down $1.08 during trading hours on Friday, hitting $224.27. 300,320 shares of the company were exchanged, compared to its average volume of 282,998. The company has a market cap of $11.55 billion, a PE ratio of 13.05, a PEG ratio of 1.99 and a beta of 2.25. The firm’s 50 day moving average is $215.17 and its 200-day moving average is $206.69. SVB Financial Group has a 52 week low of $127.39 and a 52 week high of $270.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.71.

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

SIVB has been the subject of a number of analyst reports. Bank of America boosted their price objective on SVB Financial Group from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Royal Bank of Canada boosted their price target on SVB Financial Group from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating and set a $219.00 price target for the company. in a research report on Friday, July 3rd. Morgan Stanley boosted their price target on SVB Financial Group from $235.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Wolfe Research initiated coverage on SVB Financial Group in a research note on Friday. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $232.63.

SVB Financial Group Company Profile

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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