SVB Financial Group (SIVB) Stake Raised by Caisse DE Depot ET Placement DU Quebec

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Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of SVB Financial Group (NASDAQ:SIVB) by 3,358.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,500 shares of the bank’s stock after buying an additional 40,300 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.08% of SVB Financial Group worth $11,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of SVB Financial Group by 1.3% during the first quarter. JPMorgan Chase & Co. now owns 2,431,505 shares of the bank’s stock valued at $583,583,000 after buying an additional 30,143 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SVB Financial Group by 56.5% during the second quarter. Bank of New York Mellon Corp now owns 1,306,038 shares of the bank’s stock valued at $377,130,000 after buying an additional 471,329 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of SVB Financial Group by 3.0% during the first quarter. Royal Bank of Canada now owns 847,121 shares of the bank’s stock valued at $203,317,000 after buying an additional 24,780 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of SVB Financial Group by 0.6% during the first quarter. Neuberger Berman Group LLC now owns 845,525 shares of the bank’s stock valued at $202,934,000 after buying an additional 5,374 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of SVB Financial Group by 17.2% during the first quarter. Northern Trust Corp now owns 527,573 shares of the bank’s stock valued at $126,623,000 after buying an additional 77,465 shares during the last quarter. 89.62% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on SIVB shares. Jefferies Financial Group boosted their target price on SVB Financial Group to $378.00 and gave the stock a “buy” rating in a report on Monday, August 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $370.00 target price on shares of SVB Financial Group in a report on Friday, July 27th. JPMorgan Chase & Co. boosted their target price on SVB Financial Group from $345.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, June 11th. They noted that the move was a valuation call. Wedbush boosted their target price on SVB Financial Group from $325.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Finally, Sandler O’Neill reissued a “buy” rating on shares of SVB Financial Group in a report on Friday, July 27th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $354.06.

In other SVB Financial Group news, insider Gregory W. Becker sold 12,872 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $310.97, for a total value of $4,002,805.84. Following the transaction, the insider now owns 18,039 shares of the company’s stock, valued at $5,609,587.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory W. Becker sold 7,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $325.40, for a total value of $2,277,800.00. The disclosure for this sale can be found here. Insiders sold 20,372 shares of company stock worth $6,432,731 in the last ninety days. 0.74% of the stock is owned by corporate insiders.

NASDAQ SIVB opened at $322.72 on Friday. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 1.72 and a beta of 1.47. SVB Financial Group has a 1 year low of $159.68 and a 1 year high of $333.74. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 26th. The bank reported $4.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.86 by $0.56. The company had revenue of $659.10 million for the quarter, compared to analysts’ expectations of $612.75 million. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The firm’s revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 earnings per share. analysts anticipate that SVB Financial Group will post 17.19 EPS for the current year.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card 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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