SVB Financial Group (SIVB) : Trillium Asset Management scooped up 18,225 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 20, 2016. The investment management firm now holds a total of 212,549 shares of SVB Financial Group which is valued at $22,776,751.SVB Financial Group makes up approximately 1.48% of Trillium Asset Management’s portfolio.
SVB Financial Group closed down -5.61 points or -4.97% at $107.16 with 22,97,836 shares getting traded on Friday. Post opening the session at $101.1, the shares hit an intraday low of $101 and an intraday high of $107.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Raymond James Trust N.a. added SIVB to its portfolio by purchasing 2,324 company shares during the most recent quarter which is valued at $249,040. SVB Financial Group makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Crestpoint Capital Management boosted its stake in SIVB in the latest quarter, The investment management firm added 12,700 additional shares and now holds a total of 14,400 shares of SVB Financial Group which is valued at $1,567,008. SVB Financial Group makes up approx 0.85% of Crestpoint Capital Management’s portfolio. Donald L. Hagan added SIVB to its portfolio by purchasing 148 company shares during the most recent quarter which is valued at $16,105. SVB Financial Group makes up approx 0.01% of Donald L. Hagan’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in SIVB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 2,390 shares of SVB Financial Group which is valued at $260,080. SVB Financial Group makes up approx 0.07% of Daiwa Sb Investments Ltd.’s portfolio. Central Bank Trust Co sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 43 shares of SIVB which is valued $4,679.
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.