Van Strum Towne Lowers stake in SVB Financial Group (SIVB)

SVB Financial Group (SIVB) : Van Strum Towne reduced its stake in SVB Financial Group by 1.38% during the most recent quarter end. The investment management company now holds a total of 22,417 shares of SVB Financial Group which is valued at $2,297,967 after selling 313 shares in SVB Financial Group , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.SVB Financial Group makes up approximately 1.47% of Van Strum Towne’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors reduced its stake in SIVB by selling 800 shares or 5.06% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of SIVB which is valued at $1,537,650. SVB Financial Group makes up approx 0.09% of Alpine Woods Capital Investors’s portfolio.Brighton Jones boosted its stake in SIVB in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 4,760 shares of SVB Financial Group which is valued at $470,050. SVB Financial Group makes up approx 0.08% of Brighton Jones’s portfolio.Baring Asset Management Ltd reduced its stake in SIVB by selling 5,063 shares or 6.13% in the most recent quarter. The Hedge Fund company now holds 77,576 shares of SIVB which is valued at $7,983,346. SVB Financial Group makes up approx 0.63% of Baring Asset Management Ltd’s portfolio.Eagle Asset Management Inc boosted its stake in SIVB in the latest quarter, The investment management firm added 6,864 additional shares and now holds a total of 29,611 shares of SVB Financial Group which is valued at $3,068,292. SVB Financial Group makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Creative Planning reduced its stake in SIVB by selling 1,892 shares or 25.9% in the most recent quarter. The Hedge Fund company now holds 5,414 shares of SIVB which is valued at $531,655.

SVB Financial Group closed down -0.22 points or -0.21% at $105.82 with 2,95,424 shares getting traded on Friday. Post opening the session at $105.56, the shares hit an intraday low of $104.92 and an intraday high of $106.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $170 .

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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