Crestline Management LP purchased a new position in shares of SVB Financial Group (NASDAQ:SIVB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,284 shares of the bank’s stock, valued at approximately $2,333,000.

A number of other large investors also recently modified their holdings of the stock. We Are One Seven LLC grew its position in SVB Financial Group by 5.9% during the fourth quarter. We Are One Seven LLC now owns 1,090 shares of the bank’s stock worth $207,000 after buying an additional 61 shares in the last quarter. Park National Corp OH boosted its holdings in shares of SVB Financial Group by 3.9% in the 4th quarter. Park National Corp OH now owns 2,275 shares of the bank’s stock valued at $432,000 after purchasing an additional 85 shares in the last quarter. Harrington Investments INC boosted its holdings in shares of SVB Financial Group by 0.7% in the 4th quarter. Harrington Investments INC now owns 16,291 shares of the bank’s stock valued at $3,094,000 after purchasing an additional 107 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of SVB Financial Group by 2.1% in the 4th quarter. Synovus Financial Corp now owns 6,055 shares of the bank’s stock valued at $1,146,000 after purchasing an additional 127 shares in the last quarter. Finally, JOYN Advisors Inc. boosted its holdings in shares of SVB Financial Group by 106.9% in the 4th quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock valued at $51,000 after purchasing an additional 140 shares in the last quarter. 89.26% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on SVB Financial Group from $288.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $242.00 target price on the stock in a report on Tuesday, January 15th. Morgan Stanley reduced their target price on SVB Financial Group from $320.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. Piper Jaffray Companies reduced their target price on SVB Financial Group to $285.00 and set an “overweight” rating on the stock in a report on Thursday, January 3rd. Finally, Stephens reaffirmed a “buy” rating and issued a $290.00 target price on shares of SVB Financial Group in a report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $313.35.

Shares of SIVB opened at $246.21 on Friday. SVB Financial Group has a 52 week low of $177.70 and a 52 week high of $333.74. The firm has a market capitalization of $12.68 billion, a PE ratio of 13.51, a PEG ratio of 1.58 and a beta of 2.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.65 and a quick ratio of 0.65.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $4.96 EPS for the quarter, beating the Zacks’ consensus estimate of $4.69 by $0.27. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The company had revenue of $673.69 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same period in the prior year, the company earned $2.19 EPS. SVB Financial Group’s revenue was up 30.0% compared to the same quarter last year. As a group, analysts expect that SVB Financial Group will post 20.39 EPS for the current year.

In other news, insider John China sold 11,200 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total value of $2,790,144.00. Following the completion of the transaction, the insider now directly owns 22,172 shares in the company, valued at approximately $5,523,488.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michelle Draper sold 1,748 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $238.44, for a total value of $416,793.12. Following the completion of the transaction, the insider now owns 7,573 shares of the company’s stock, valued at $1,805,706.12. The disclosure for this sale can be found here. Insiders sold a total of 16,617 shares of company stock valued at $4,096,266 over the last quarter. 0.74% of the stock is owned by corporate insiders.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card 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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