Spindletop Capital buys $13.4 Million stake in SVB Financial Group (SIVB)

SVB Financial Group (SIVB) : Spindletop Capital scooped up 30,000 additional shares in SVB Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 145,000 shares of SVB Financial Group which is valued at $13.4 Million.SVB Financial Group makes up approximately 12.10% of Spindletop Capital’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management boosted its stake in SIVB in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 10,725 shares of SVB Financial Group which is valued at $987,773. SVB Financial Group makes up approx 0.01% of Riverhead Capital Management’s portfolio.Victory Capital Management Inc boosted its stake in SIVB in the latest quarter, The investment management firm added 222,766 additional shares and now holds a total of 858,395 shares of SVB Financial Group which is valued at $79.1 Million. SVB Financial Group makes up approx 0.34% of Victory Capital Management Inc’s portfolio.Teachers Advisors Inc reduced its stake in SIVB by selling 58,125 shares or 20.99% in the most recent quarter. The Hedge Fund company now holds 218,774 shares of SIVB which is valued at $21.2 Million. SVB Financial Group makes up approx 0.04% of Teachers Advisors Inc’s portfolio.Nationwide Fund Advisors boosted its stake in SIVB in the latest quarter, The investment management firm added 41,558 additional shares and now holds a total of 163,083 shares of SVB Financial Group which is valued at $15.8 Million. SVB Financial Group makes up approx 0.07% of Nationwide Fund Advisors’s portfolio.Harel Insurance Investments Financial Services Ltd. reduced its stake in SIVB by selling 90 shares or 21.43% in the most recent quarter. The Hedge Fund company now holds 330 shares of SIVB which is valued at $31,934.

SVB Financial Group opened for trading at $104.95 and hit $108.47 on the upside on Wednesday, eventually ending the session at $107.89, with a gain of 3.55% or 3.7 points. The heightened volatility saw the trading volume jump to 5,74,594 shares. Company has a market cap of $5,589 M.

On the company’s financial health, SVB Financial Group reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $1.71.Analysts expectations of $ 385.21.During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on SVB Financial Group. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .Shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight” and Lowered the Price Target to $ 122 from a previous price target of $130 .Shares were Reiterated by Barclays on Mar 24, 2016 to “Overweight” and Lowered the Price Target to $ 130 from a previous price target of $150 .

SVB Financial Group (SVB Financial) is a diversified financial services bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank SVB Private Bank and SVB Capital. The Company through its subsidiaries and divisions offers a range of banking and financial products and services to clients across the United States as well as in key international entrepreneurial markets. The Company offers services in the technology life science and healthcare private equity and venture capital and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary Silicon Valley Bank (the Bank) which is a California state-chartered bank. The Bank and its subsidiaries also offer asset management private wealth management brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.

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