SVB Financial Group (NASDAQ:SIVB) Shares Sold by Monument Capital Management

Monument Capital Management cut its position in shares of SVB Financial Group (NASDAQ:SIVBGet Rating) by 12.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 426 shares of the bank’s stock after selling 63 shares during the period. Monument Capital Management’s holdings in SVB Financial Group were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. EagleClaw Capital Managment LLC increased its position in SVB Financial Group by 0.7% during the third quarter. EagleClaw Capital Managment LLC now owns 3,371 shares of the bank’s stock worth $2,180,000 after buying an additional 22 shares in the last quarter. MML Investors Services LLC increased its position in SVB Financial Group by 17.7% during the third quarter. MML Investors Services LLC now owns 1,228 shares of the bank’s stock worth $794,000 after buying an additional 185 shares in the last quarter. LPL Financial LLC increased its position in SVB Financial Group by 10.7% during the third quarter. LPL Financial LLC now owns 28,211 shares of the bank’s stock worth $18,249,000 after buying an additional 2,729 shares in the last quarter. Wellington Management Group LLP increased its position in SVB Financial Group by 218.4% during the third quarter. Wellington Management Group LLP now owns 81,203 shares of the bank’s stock worth $52,529,000 after buying an additional 55,698 shares in the last quarter. Finally, TownSquare Capital LLC purchased a new position in SVB Financial Group during the third quarter worth $252,000. 88.80% of the stock is owned by hedge funds and other institutional investors.

In related news, CMO Michelle Draper sold 790 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $505.56, for a total value of $399,392.40. Following the transaction, the chief marketing officer now owns 3,279 shares in the company, valued at $1,657,731.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Garen K. Staglin sold 500 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $484.41, for a total value of $242,205.00. Following the completion of the transaction, the director now owns 13,680 shares in the company, valued at approximately $6,626,728.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,840 shares of company stock worth $919,852. 0.62% of the stock is currently owned by insiders.

Several equities analysts have weighed in on SIVB shares. The Goldman Sachs Group dropped their price target on SVB Financial Group from $674.00 to $554.50 and set a “buy” rating for the company in a research report on Tuesday, May 31st. StockNews.com assumed coverage on SVB Financial Group in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Oppenheimer raised SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $702.00 price objective for the company in a research report on Tuesday, May 3rd. Raymond James lowered their price objective on SVB Financial Group from $700.00 to $620.00 in a research report on Friday, May 27th. Finally, Jefferies Financial Group lowered their price objective on SVB Financial Group from $692.00 to $534.00 in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $704.53.

Shares of SIVB traded up $1.10 during midday trading on Thursday, reaching $401.25. 9,450 shares of the company were exchanged, compared to its average volume of 559,702. The stock has a 50-day moving average price of $469.87 and a 200-day moving average price of $564.89. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.45 and a beta of 1.80. SVB Financial Group has a 1-year low of $384.83 and a 1-year high of $763.22. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.20.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The bank reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $5.37 by $2.55. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.45 billion. SVB Financial Group had a return on equity of 15.59% and a net margin of 28.80%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.03 earnings per share. Equities research analysts anticipate that SVB Financial Group will post 34.7 earnings per share for the current year.

SVB Financial Group Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVBGet Rating).

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

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.