Pillar Pacific Capital Management LLC Increases Stake in SVB Financial Group (NASDAQ:SIVB)

Pillar Pacific Capital Management LLC grew its position in shares of SVB Financial Group (NASDAQ:SIVB) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,189 shares of the bank’s stock after buying an additional 49 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in SVB Financial Group were worth $9,769,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in shares of SVB Financial Group by 18.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 2,600 shares of the bank’s stock valued at $626,000 after purchasing an additional 400 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in shares of SVB Financial Group by 1.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 3,214 shares of the bank’s stock valued at $773,000 after purchasing an additional 41 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of SVB Financial Group by 2.1% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 5,067 shares of the bank’s stock valued at $1,219,000 after purchasing an additional 105 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of SVB Financial Group in the 3rd quarter valued at about $36,000. Finally, NuWave Investment Management LLC purchased a new position in shares of SVB Financial Group in the 3rd quarter valued at about $27,000. Institutional investors own 88.38% of the company’s stock.

SIVB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “strong-buy” rating and set a $555.00 price target for the company in a report on Wednesday, January 27th. Morgan Stanley increased their price objective on shares of SVB Financial Group from $425.00 to $450.00 and gave the company an “equal weight” rating in a research note on Friday, February 12th. Wells Fargo & Company increased their price objective on shares of SVB Financial Group from $325.00 to $400.00 and gave the company an “equal weight” rating in a research note on Friday, January 22nd. Bank of America increased their price objective on shares of SVB Financial Group from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Finally, Royal Bank of Canada increased their price objective on shares of SVB Financial Group from $494.00 to $508.00 and gave the company an “outperform” rating in a research note on Friday, January 22nd. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. SVB Financial Group currently has an average rating of “Buy” and an average price target of $416.60.

NASDAQ SIVB traded down $15.65 during mid-day trading on Tuesday, hitting $521.08. The company’s stock had a trading volume of 12,846 shares, compared to its average volume of 482,155. SVB Financial Group has a 52-week low of $127.39 and a 52-week high of $545.39. The stock’s fifty day simple moving average is $471.22 and its two-hundred day simple moving average is $340.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $26.99 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.23 and a beta of 2.14.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Wednesday, January 20th. The bank reported $7.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.75 by $3.65. SVB Financial Group had a net margin of 28.60% and a return on equity of 15.40%. On average, equities analysts forecast that SVB Financial Group will post 19.21 earnings per share for the current fiscal year.

In other news, Director Richard Devon Daniels acquired 500 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were bought at an average price of $523.30 per share, for a total transaction of $261,650.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately $261,650. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Michelle Draper sold 213 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $355.12, for a total transaction of $75,640.56. Following the sale, the chief marketing officer now owns 4,012 shares in the company, valued at approximately $1,424,741.44. The disclosure for this sale can be found here. Insiders sold 40,700 shares of company stock worth $19,179,592 in the last 90 days. 0.78% of the stock is currently owned by insiders.

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 four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. 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.

See Also: Google Finance Portfolio Tips and Tricks

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:SIVB).

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.