SVB Financial Group (NASDAQ:SIVB) Shares Sold by UBS Group AG

UBS Group AG trimmed its position in SVB Financial Group (NASDAQ:SIVB – Get Rating) by 48.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,843 shares of the bank’s stock after selling 55,522 shares during the period. UBS Group AG’s holdings in SVB Financial Group were worth $13,772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SIVB. Vontobel Holding Ltd. boosted its holdings in SVB Financial Group by 156.4% in the 1st quarter. Vontobel Holding Ltd. now owns 3,703 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 2,259 shares during the last quarter. Blair William & Co. IL boosted its holdings in SVB Financial Group by 2.6% in the 1st quarter. Blair William & Co. IL now owns 2,368 shares of the bank’s stock valued at $1,325,000 after purchasing an additional 60 shares during the last quarter. Prudential PLC acquired a new position in SVB Financial Group in the 1st quarter valued at about $704,000. National Pension Service lifted its holdings in shares of SVB Financial Group by 7.9% in the 1st quarter. National Pension Service now owns 78,901 shares of the bank’s stock worth $44,141,000 after acquiring an additional 5,770 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 92,553 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SIVB. JPMorgan Chase & Co. decreased their price objective on shares of SVB Financial Group from $300.00 to $270.00 and set an “overweight” rating on the stock in a report on Thursday, March 9th. StockNews.com began coverage on shares of SVB Financial Group in a report on Sunday, May 14th. They issued a “sell” rating on the stock. Maxim Group lowered shares of SVB Financial Group from a “buy” rating to a “sell” rating in a report on Friday, March 10th. Wolfe Research lowered shares of SVB Financial Group from an “outperform” rating to a “peer perform” rating in a report on Friday, March 10th. Finally, The Goldman Sachs Group upped their target price on shares of SVB Financial Group from $280.00 to $312.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $338.39.

SVB Financial Group Trading Down 6.0 %

Shares of NASDAQ:SIVB opened at $0.45 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $22.48 and its two-hundred day moving average is $170.57. The company has a market cap of $26.71 million, a PE ratio of 0.02, a P/E/G ratio of 0.91 and a beta of 1.57. SVB Financial Group has a 52 week low of $39.40 and a 52 week high of $597.16.

Insider Activity at SVB Financial Group

In related news, CFO Daniel J. Beck sold 2,000 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.59, for a total value of $575,180.00. Following the transaction, the chief financial officer now directly owns 4,207 shares of the company’s stock, valued at approximately $1,209,891.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gregory W. Becker sold 12,451 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the transaction, the chief executive officer now directly owns 92,552 shares of the company’s stock, valued at approximately $26,601,295.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel J. Beck sold 2,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $287.59, for a total transaction of $575,180.00. Following the sale, the chief financial officer now owns 4,207 shares of the company’s stock, valued at approximately $1,209,891.13. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

About SVB Financial Group

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services to clients primarily in the technology and life science/healthcare industries, as well as global private equity and venture capital clients. It operates through the following segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities.