NWK Group Inc. Sells 50 Shares of SVB Financial Group (NASDAQ:SIVB)

NWK Group Inc. trimmed its stake in shares of SVB Financial Group (NASDAQ:SIVBGet Rating) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,324 shares of the bank’s stock after selling 50 shares during the period. SVB Financial Group accounts for 2.8% of NWK Group Inc.’s portfolio, making the stock its 16th largest holding. NWK Group Inc.’s holdings in SVB Financial Group were worth $5,216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SIVB. Vanguard Group Inc. raised its position in SVB Financial Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 6,346,725 shares of the bank’s stock worth $3,550,675,000 after purchasing an additional 92,553 shares during the period. BlackRock Inc. grew its position in shares of SVB Financial Group by 3.0% during the 1st quarter. BlackRock Inc. now owns 5,302,020 shares of the bank’s stock worth $2,966,216,000 after buying an additional 154,048 shares in the last quarter. State Street Corp increased its stake in shares of SVB Financial Group by 2.7% during the fourth quarter. State Street Corp now owns 2,912,555 shares of the bank’s stock valued at $1,975,411,000 after buying an additional 76,769 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of SVB Financial Group by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 2,364,708 shares of the bank’s stock valued at $1,322,935,000 after acquiring an additional 81,377 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of SVB Financial Group by 5.6% in the 1st quarter. Invesco Ltd. now owns 1,270,404 shares of the bank’s stock valued at $710,726,000 after purchasing an additional 67,770 shares in the last quarter. 91.48% of the stock is currently owned by institutional investors.

SVB Financial Group Trading Up 2.2 %

Shares of NASDAQ:SIVB opened at $422.97 on Friday. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The business’s 50 day moving average price is $415.70 and its 200-day moving average price is $469.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.46 and a quick ratio of 0.46. SVB Financial Group has a 1 year low of $355.37 and a 1 year high of $763.22.

SVB Financial Group (NASDAQ:SIVBGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.76 by ($2.16). SVB Financial Group had a net margin of 25.58% and a return on equity of 13.43%. During the same quarter in the previous year, the company earned $9.09 EPS. On average, equities research analysts forecast that SVB Financial Group will post 30.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SIVB. Wedbush downgraded shares of SVB Financial Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 30th. Wells Fargo & Company decreased their price target on shares of SVB Financial Group from $650.00 to $550.00 in a research report on Friday, July 22nd. Jefferies Financial Group decreased their target price on shares of SVB Financial Group from $534.00 to $498.00 in a research report on Monday, July 11th. Raymond James reduced their price target on SVB Financial Group from $565.00 to $480.00 in a research report on Friday, July 22nd. Finally, Truist Financial decreased their price objective on shares of SVB Financial Group from $557.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $574.73.

About SVB Financial Group

(Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

See Also

Want to see what other hedge funds are holding SIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SVB Financial Group (NASDAQ:SIVBGet Rating).

Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.