5,864 Shares in SVB Financial Group (NASDAQ:SIVB) Acquired by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC purchased a new position in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,864 shares of the bank’s stock, valued at approximately $3,280,000.

A number of other large investors have also recently modified their holdings of the business. Monetta Financial Services Inc. acquired a new stake in shares of SVB Financial Group in the 1st quarter valued at $559,000. Highlander Capital Management LLC acquired a new stake in shares of SVB Financial Group in the 1st quarter valued at $559,000. Lincoln National Corp boosted its holdings in shares of SVB Financial Group by 18.1% in the 1st quarter. Lincoln National Corp now owns 750 shares of the bank’s stock valued at $420,000 after purchasing an additional 115 shares in the last quarter. Altman Advisors Inc. boosted its holdings in shares of SVB Financial Group by 18.9% in the 1st quarter. Altman Advisors Inc. now owns 1,915 shares of the bank’s stock valued at $1,071,000 after purchasing an additional 304 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its stake in shares of SVB Financial Group by 18.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 427 shares of the bank’s stock valued at $239,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

Insider Buying and Selling at SVB Financial Group

In other SVB Financial Group news, Director Garen K. Staglin sold 500 shares of SVB Financial Group stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $484.41, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.

SVB Financial Group Stock Down 0.7 %

Shares of SIVB traded down $3.05 during trading hours on Friday, hitting $413.21. The stock had a trading volume of 302,509 shares, compared to its average volume of 594,565. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $419.74 and a 200-day simple moving average of $502.14. The firm has a market capitalization of $24.32 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. SVB Financial Group has a 1-year low of $355.37 and a 1-year high of $763.22.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its earnings results on Thursday, July 21st. The bank reported $5.60 EPS for the quarter, missing the consensus estimate of $7.76 by ($2.16). SVB Financial Group had a net margin of 25.58% and a return on equity of 13.43%. During the same period last year, the company earned $9.09 earnings per share. Sell-side analysts predict that SVB Financial Group will post 30.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SIVB has been the subject of a number of research reports. Argus upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $550.00 price target for the company in a research note on Wednesday, May 4th. They noted that the move was a valuation call. Stephens dropped their price target on SVB Financial Group from $540.00 to $480.00 in a research note on Friday, July 22nd. UBS Group dropped their price target on SVB Financial Group from $625.00 to $430.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Maxim Group dropped their price target on SVB Financial Group from $1,100.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, The Goldman Sachs Group lowered their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $574.73.

SVB Financial Group Company 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.