Raymond James Financial Services Advisors Inc. Purchases 1,773 Shares of SVB Financial Group (NASDAQ:SIVB)

Raymond James Financial Services Advisors Inc. increased its stake in shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,677 shares of the bank’s stock after acquiring an additional 1,773 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SVB Financial Group were worth $2,917,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SIVB. Artisan Partners Limited Partnership boosted its position in SVB Financial Group by 82.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,413,144 shares of the bank’s stock worth $474,505,000 after purchasing an additional 638,862 shares during the period. State Street Corp boosted its position in shares of SVB Financial Group by 9.3% in the third quarter. State Street Corp now owns 3,077,777 shares of the bank’s stock valued at $1,033,456,000 after acquiring an additional 261,078 shares during the period. Alecta Tjanstepension Omsesidigt boosted its position in shares of SVB Financial Group by 9.3% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 2,633,100 shares of the bank’s stock valued at $605,613,000 after acquiring an additional 225,000 shares during the period. Capital Research Global Investors boosted its position in shares of SVB Financial Group by 42.4% in the first quarter. Capital Research Global Investors now owns 714,766 shares of the bank’s stock valued at $399,876,000 after acquiring an additional 212,802 shares during the period. Finally, Boston Partners boosted its position in shares of SVB Financial Group by 5,154.3% in the third quarter. Boston Partners now owns 174,759 shares of the bank’s stock valued at $58,621,000 after acquiring an additional 171,433 shares during the period. 92.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler cut their price target on shares of SVB Financial Group from $250.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Raymond James cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, March 10th. JPMorgan Chase & Co. cut their price target on shares of SVB Financial Group from $300.00 to $270.00 and set an “overweight” rating for the company in a research note on Thursday, March 9th. Wells Fargo & Company cut their price target on shares of SVB Financial Group from $350.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, March 9th. Finally, StockNews.com initiated coverage on shares of SVB Financial Group in a research note on Monday. They issued a “sell” rating for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $338.39.

SVB Financial Group Trading Down 62.8 %

NASDAQ:SIVB opened at $39.40 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.42. SVB Financial Group has a 52 week low of $39.40 and a 52 week high of $597.16. The firm has a market capitalization of $2.33 billion, a P/E ratio of 1.55, a P/E/G ratio of 0.91 and a beta of 1.57. The company has a fifty day moving average of $22.48 and a 200 day moving average of $170.28.

Insiders Place Their Bets

In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 92,552 shares in the company, valued at approximately $26,601,295.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 92,552 shares in the company, valued at approximately $26,601,295.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel J. Beck sold 2,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 4,207 shares of the company’s stock, valued at $1,209,891.13. The disclosure for this sale can be found here. Company 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.