HPM Partners LLC acquired a new stake in shares of SVB Financial Group (NASDAQ:SIVB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 733 shares of the bank’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently bought and sold shares of the business. British Airways Pensions Investment Management Ltd lifted its holdings in shares of SVB Financial Group by 0.8% during the second quarter. British Airways Pensions Investment Management Ltd now owns 33,122 shares of the bank’s stock valued at $9,564,000 after purchasing an additional 271 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of SVB Financial Group during the second quarter valued at approximately $2,800,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SVB Financial Group during the second quarter valued at approximately $2,346,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SVB Financial Group by 458.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,129 shares of the bank’s stock valued at $326,000 after purchasing an additional 927 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its holdings in shares of SVB Financial Group by 2.8% during the second quarter. AMP Capital Investors Ltd now owns 14,106 shares of the bank’s stock valued at $4,073,000 after purchasing an additional 381 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on SIVB. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 20th. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $384.00 target price on shares of SVB Financial Group in a report on Friday, July 27th. Wells Fargo & Co lifted their target price on shares of SVB Financial Group from $335.00 to $345.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Finally, Wedbush lifted their target price on shares of SVB Financial Group from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $356.56.

NASDAQ SIVB traded down $2.88 during mid-day trading on Friday, reaching $290.01. The stock had a trading volume of 1,117,766 shares, compared to its average volume of 533,760. SVB Financial Group has a 1 year low of $180.32 and a 1 year high of $333.74. The firm has a market cap of $16.54 billion, a P/E ratio of 29.26, a PEG ratio of 1.63 and a beta of 1.48. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.56. SVB Financial Group had a net margin of 29.56% and a return on equity of 16.47%. The company had revenue of $659.10 million during the quarter, compared to analyst estimates of $612.75 million. During the same period in the previous year, the business earned $2.32 EPS. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. As a group, equities analysts expect that SVB Financial Group will post 17.29 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Gregory W. Becker sold 12,872 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $310.97, for a total transaction of $4,002,805.84. Following the completion of the sale, the insider now directly owns 18,039 shares in the company, valued at approximately $5,609,587.83. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gregory W. Becker sold 7,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $325.40, for a total transaction of $2,277,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,372 shares of company stock valued at $6,442,641. Company insiders own 0.74% of the company’s stock.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

Recommended Story: Stop Order Uses For Individual Investors

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.