SVB Financial Group (SIVB) : Seaward Management Limited Partnership scooped up 3,802 additional shares in SVB Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 68,834 shares of SVB Financial Group which is valued at $7,376,251.SVB Financial Group makes up approximately 0.39% of Seaward Management Limited Partnership’s portfolio.
SVB Financial Group closed down -1.43 points or -1.34% at $105.1 with 8,58,404 shares getting traded on Wednesday. Post opening the session at $106.15, the shares hit an intraday low of $103.96 and an intraday high of $106.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 276,000 shares of SIVB which is valued $29,576,160.Boston Advisors reduced its stake in SIVB by selling 1,240 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 11,510 shares of SIVB which is valued at $1,233,412. SVB Financial Group makes up approx 0.03% of Boston Advisors’s portfolio.Oakbrook Investments reduced its stake in SIVB by selling 2,800 shares or 54.9% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of SIVB which is valued at $250,286. SVB Financial Group makes up approx 0.02% of Oakbrook Investments’s portfolio. 1st Global Advisors added SIVB to its portfolio by purchasing 2,143 company shares during the most recent quarter which is valued at $233,201. SVB Financial Group makes up approx 0.03% of 1st Global Advisors’s portfolio. Monroe Bank Trustmi added SIVB to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $2,721.
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.