TD Asset Management Inc. lowered its stake in SVB Financial Group (NASDAQ:SIVB) by 41.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,586 shares of the bank’s stock after selling 17,403 shares during the quarter. TD Asset Management Inc.’s holdings in SVB Financial Group were worth $5,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Partners LLC raised its stake in SVB Financial Group by 2.8% during the 1st quarter. Advisor Partners LLC now owns 1,769 shares of the bank’s stock valued at $393,000 after purchasing an additional 49 shares during the period. Middleton & Co Inc MA raised its stake in SVB Financial Group by 0.5% during the 1st quarter. Middleton & Co Inc MA now owns 10,085 shares of the bank’s stock valued at $2,243,000 after purchasing an additional 50 shares during the period. Lyell Wealth Management LP raised its stake in SVB Financial Group by 3.3% during the 1st quarter. Lyell Wealth Management LP now owns 1,550 shares of the bank’s stock valued at $345,000 after purchasing an additional 50 shares during the period. Nordea Investment Management AB raised its stake in SVB Financial Group by 1.7% during the 1st quarter. Nordea Investment Management AB now owns 3,250 shares of the bank’s stock valued at $723,000 after purchasing an additional 54 shares during the period. Finally, Altman Advisors Inc. raised its stake in SVB Financial Group by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 7,392 shares of the bank’s stock valued at $1,660,000 after purchasing an additional 54 shares during the period. 91.38% of the stock is currently owned by hedge funds and other institutional investors.

SIVB has been the topic of several recent analyst reports. Royal Bank of Canada set a $280.00 target price on SVB Financial Group and gave the company a “buy” rating in a research note on Friday, July 26th. FIG Partners downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Morgan Stanley decreased their target price on SVB Financial Group from $310.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. ValuEngine downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, SunTrust Banks decreased their target price on SVB Financial Group to $260.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. SVB Financial Group has an average rating of “Hold” and an average target price of $273.56.

NASDAQ SIVB opened at $193.32 on Wednesday. The stock has a market capitalization of $9.88 billion, a PE ratio of 10.68, a P/E/G ratio of 1.20 and a beta of 2.07. The business has a 50 day simple moving average of $213.42 and a two-hundred day simple moving average of $228.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.71. SVB Financial Group has a 1-year low of $177.70 and a 1-year high of $332.90.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 25th. The bank reported $6.08 earnings per share for the quarter, beating the consensus estimate of $4.98 by $1.10. The business had revenue of $863.15 million during the quarter, compared to analysts’ expectations of $787.38 million. SVB Financial Group had a return on equity of 21.44% and a net margin of 35.83%. During the same quarter last year, the business posted $4.42 EPS. On average, analysts anticipate that SVB Financial Group will post 21.25 EPS for the current fiscal year.

In other news, insider Michael Descheneaux sold 3,000 shares of SVB Financial Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $201.19, for a total value of $603,570.00. Following the completion of the transaction, the insider now owns 21,438 shares in the company, valued at approximately $4,313,111.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc C. Cadieux sold 2,000 shares of SVB Financial Group stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $229.94, for a total value of $459,880.00. Following the completion of the transaction, the insider now owns 14,147 shares of the company’s stock, valued at approximately $3,252,961.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,547 shares of company stock valued at $1,189,038. Company insiders own 0.73% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. 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.

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

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