Nisa Investment Advisors LLC Has $1,712,000 Stake in SVB Financial Group (SIVB)

Nisa Investment Advisors LLC maintained its stake in shares of SVB Financial Group (NASDAQ:SIVB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,800 shares of the bank’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in SVB Financial Group were worth $1,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. LS Investment Advisors LLC boosted its position in shares of SVB Financial Group by 39.1% in the second quarter. LS Investment Advisors LLC now owns 4,935 shares of the bank’s stock valued at $868,000 after buying an additional 1,387 shares during the period. Exane Derivatives bought a new position in shares of SVB Financial Group during the second quarter valued at $119,000. Oregon Public Employees Retirement Fund boosted its position in shares of SVB Financial Group by 6.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 19,370 shares of the bank’s stock valued at $3,405,000 after buying an additional 1,199 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in shares of SVB Financial Group during the second quarter valued at $1,494,000. Finally, State of Alaska Department of Revenue boosted its position in shares of SVB Financial Group by 58.2% in the second quarter. State of Alaska Department of Revenue now owns 1,455 shares of the bank’s stock valued at $255,000 after buying an additional 535 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 166.59 on Friday. SVB Financial Group has a 1-year low of $103.12 and a 1-year high of $198.83. The stock has a 50 day moving average price of $178.79 and a 200-day moving average price of $180.98. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 20.25 and a beta of 1.59.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.27. The company had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. Equities research analysts forecast that SVB Financial Group will post $8.99 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally published by BNB Daily and is the property of of BNB Daily. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/nisa-investment-advisors-llc-holds-stake-in-svb-financial-group-sivb-updated-updated.html.

Several brokerages have recently weighed in on SIVB. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price target on shares of SVB Financial Group in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 price target on shares of SVB Financial Group in a research report on Friday, July 14th. Morgan Stanley lifted their price target on SVB Financial Group from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Maxim Group boosted their target price on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Stephens restated a “buy” rating and set a $205.00 target price on shares of SVB Financial Group in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $202.75.

In other SVB Financial Group news, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the sale, the insider now owns 2,872 shares of the company’s stock, valued at $525,001.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the sale, the insider now directly owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

About SVB Financial Group

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

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.

Latest News

Leave a Reply