Cim LLC Buys 689 Shares of SVB Financial Group (SIVB)

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Cim LLC raised its stake in shares of SVB Financial Group (NASDAQ:SIVB) by 36.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,605 shares of the bank’s stock after buying an additional 689 shares during the period. Cim LLC’s holdings in SVB Financial Group were worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of SVB Financial Group by 135.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock valued at $37,000 after buying an additional 111 shares during the last quarter. Quad Cities Investment Group LLC purchased a new position in shares of SVB Financial Group during the 1st quarter valued at about $44,000. Clean Yield Group purchased a new position in shares of SVB Financial Group during the 4th quarter valued at about $47,000. JOYN Advisors Inc. raised its stake in shares of SVB Financial Group by 106.9% during the 4th quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock valued at $51,000 after buying an additional 140 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of SVB Financial Group by 27.3% during the 1st quarter. Parallel Advisors LLC now owns 312 shares of the bank’s stock valued at $69,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

SIVB has been the subject of a number of recent research reports. SunTrust Banks lifted their price objective on SVB Financial Group to $280.00 and gave the company a “buy” rating in a research note on Monday, January 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research note on Wednesday, January 23rd. BidaskClub upgraded SVB Financial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 29th. Maxim Group cut their price objective on SVB Financial Group to $325.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Bank of America set a $280.00 price objective on SVB Financial Group and gave the stock a “buy” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $309.60.

In other news, insider Christopher Edmonds-Waters sold 204 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $256.01, for a total transaction of $52,226.04. Following the transaction, the insider now directly owns 3,494 shares in the company, valued at approximately $894,498.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marc C. Cadieux sold 2,304 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $240.77, for a total value of $554,734.08. Following the transaction, the insider now owns 17,941 shares in the company, valued at $4,319,654.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,052 shares of company stock worth $4,455,795. Insiders own 0.73% of the company’s stock.

Shares of SVB Financial Group stock traded down $8.61 on Wednesday, hitting $227.73. 174,423 shares of the company were exchanged, compared to its average volume of 456,627. The stock has a market cap of $12.22 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.52 and a beta of 2.03. SVB Financial Group has a 1-year low of $177.70 and a 1-year high of $333.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $0.71. The business had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the previous year, the firm posted $3.63 EPS. As a group, research analysts expect that SVB Financial Group will post 20.37 EPS for the current fiscal year.

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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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