Crestpoint Capital Management Lowers stake in SVB Financial Group (SIVB)

SVB Financial Group (SIVB) : Crestpoint Capital Management reduced its stake in SVB Financial Group by 11.81% during the most recent quarter end. The investment management company now holds a total of 12,700 shares of SVB Financial Group which is valued at $1,309,497 after selling 1,700 shares in SVB Financial Group , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.SVB Financial Group makes up approximately 0.68% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. boosted its stake in SIVB in the latest quarter, The investment management firm added 115,983 additional shares and now holds a total of 266,562 shares of SVB Financial Group which is valued at $26,176,388. SVB Financial Group makes up approx 0.24% of Nn Investment Partners Holdings N.v.’s portfolio.Fisher Asset Management boosted its stake in SIVB in the latest quarter, The investment management firm added 20,874 additional shares and now holds a total of 1,636,848 shares of SVB Financial Group which is valued at $160,738,474. SVB Financial Group makes up approx 0.31% of Fisher Asset Management’s portfolio.Creative Planning reduced its stake in SIVB by selling 1,892 shares or 25.9% in the most recent quarter. The Hedge Fund company now holds 5,414 shares of SIVB which is valued at $531,655.Cutler Group Lp boosted its stake in SIVB in the latest quarter, The investment management firm added 676 additional shares and now holds a total of 2,798 shares of SVB Financial Group which is valued at $274,764. SVB Financial Group makes up approx 0.02% of Cutler Group Lp’s portfolio.

SVB Financial Group opened for trading at $102.6 and hit $103.44 on the upside on Monday, eventually ending the session at $103.11, with a gain of 0.55% or 0.56 points. The heightened volatility saw the trading volume jump to 4,84,839 shares. Company has a market cap of $5,342 M.

On the company’s financial health, SVB Financial Group reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $1.71.Analysts expectations of $ 385.21.During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on SVB Financial Group. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .Shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight” and Lowered the Price Target to $ 122 from a previous price target of $130 .

SVB Financial Group (SVB Financial) is a diversified financial services bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank SVB Private Bank and SVB Capital. The Company through its subsidiaries and divisions offers a range of banking and financial products and services to clients across the United States as well as in key international entrepreneurial markets. The Company offers services in the technology life science and healthcare private equity and venture capital and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary Silicon Valley Bank (the Bank) which is a California state-chartered bank. The Bank and its subsidiaries also offer asset management private wealth management brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.

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