Gofen & Glossberg LLC IL Grows Stake in SVB Financial Group (SIVB)

Gofen & Glossberg LLC IL grew its position in SVB Financial Group (NASDAQ:SIVB) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,460 shares of the bank’s stock after purchasing an additional 500 shares during the period. Gofen & Glossberg LLC IL’s holdings in SVB Financial Group were worth $5,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of SVB Financial Group by 9.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,700 shares of the bank’s stock valued at $2,501,000 after buying an additional 900 shares during the period. Appleton Partners Inc. MA acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at $281,000. KAMES CAPITAL plc acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at $41,357,000. Winslow Asset Management Inc. increased its stake in shares of SVB Financial Group by 5.9% in the 4th quarter. Winslow Asset Management Inc. now owns 51,082 shares of the bank’s stock valued at $11,941,000 after buying an additional 2,830 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at $443,000. 91.71% of the stock is owned by institutional investors.

Shares of SVB Financial Group (NASDAQ SIVB) opened at $251.70 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $257.24. The company has a market capitalization of $13,270.00, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.73 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. The business had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 earnings per share. analysts anticipate that SVB Financial Group will post 9.47 EPS for the current year.

Several research firms have recently commented on SIVB. Maxim Group reissued a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. Barclays lifted their price objective on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $280.00 price objective on shares of SVB Financial Group in a research note on Wednesday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. SVB Financial Group currently has a consensus rating of “Buy” and an average target price of $229.29.

In other SVB Financial Group news, insider Gregory W. Becker sold 9,511 shares of SVB Financial Group stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total transaction of $2,213,019.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $226.01, for a total value of $452,020.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,291 shares of company stock worth $4,558,918. Corporate insiders own 0.73% of the company’s stock.

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SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

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)

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