SVB Financial Group (SIVB) : One Capital Management added new position in SVB Financial Group during the most recent quarter end. The investment management firm now holds 2,000 shares of SVB Financial Group which is valued at $237,280 , the company said in a statement filed on Oct 12, 2016 with the SEC.SVB Financial Group makes up approximately 0.08% of One Capital Management’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 29,611 shares of SIVB which is valued $3,513,049. Cutler Group Lp sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 2,798 shares of SIVB which is valued $336,487.Oregon Public Employees Retirement Fund boosted its stake in SIVB in the latest quarter, The investment management firm added 357 additional shares and now holds a total of 17,871 shares of SVB Financial Group which is valued at $2,149,166. SVB Financial Group makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SIVB by selling 18,299 shares or 56.65% in the most recent quarter. The Hedge Fund company now holds 14,003 shares of SIVB which is valued at $1,657,255. SVB Financial Group makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
SVB Financial Group closed down -1.62 points or -1.35% at $118.64 with 5,73,493 shares getting traded on Tuesday. Post opening the session at $120.19, the shares hit an intraday low of $117.65 and an intraday high of $121.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. SVB Financial Group was Initiated by JMP Securities to “Mkt Outperform” on Sep 16, 2016. 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.