SVB Financial Group (SIVB) : Summit Securities Group added new position in SVB Financial Group during the most recent quarter end. The investment management firm now holds 40,008 shares of SVB Financial Group which is valued at $3.7 Million , the company said in a statement filed on May 11, 2016 with the SEC.SVB Financial Group makes up approximately 2.66% of Summit Securities Group’s portfolio.
Other Hedge Funds, Including , Irving Magee Investment Management reduced its stake in SIVB by selling 25 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 24,553 shares of SIVB which is valued at $2.3 Million. SVB Financial Group makes up approx 1.17% of Irving Magee Investment Management’s portfolio.Stephens Inc Ar reduced its stake in SIVB by selling 465 shares or 13.92% in the most recent quarter. The Hedge Fund company now holds 2,876 shares of SIVB which is valued at $278,311. SVB Financial Group makes up approx 0.01% of Stephens Inc Ar’s portfolio. Evercore Wealth Management sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 31 shares of SIVB which is valued $3,000. Wade G W Inc sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 2,886 shares of SIVB which is valued $300,952. Bank Of Hawaii sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 2,170 shares of SIVB which is valued $226,288.
SVB Financial Group opened for trading at $92.61 and hit $96.05 on the upside on Monday, eventually ending the session at $95.75, with a gain of 3.96% or 3.65 points. The heightened volatility saw the trading volume jump to 6,38,052 shares. Company has a market cap of $4,960 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.