SVB Financial Group (SIVB) : Palisade Capital Managementnj reduced its stake in SVB Financial Group by 0.86% during the most recent quarter end. The investment management company now holds a total of 163,678 shares of SVB Financial Group which is valued at $16,163,203 after selling 1,428 shares in SVB Financial Group , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.SVB Financial Group makes up approximately 0.69% of Palisade Capital Managementnj’s portfolio.
Other Hedge Funds, Including , Ipswich Investment Management boosted its stake in SIVB in the latest quarter, The investment management firm added 1,030 additional shares and now holds a total of 17,460 shares of SVB Financial Group which is valued at $1,724,175. SVB Financial Group makes up approx 0.84% of Ipswich Investment Management’s portfolio.American Century Companies Inc boosted its stake in SIVB in the latest quarter, The investment management firm added 114,499 additional shares and now holds a total of 478,729 shares of SVB Financial Group which is valued at $49,266,001. SVB Financial Group makes up approx 0.05% of American Century Companies Inc’s portfolio.Louisiana State Employees Retirement System reduced its stake in SIVB by selling 500 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 13,800 shares of SIVB which is valued at $1,420,158. SVB Financial Group makes up approx 0.07% of Louisiana State Employees Retirement System’s portfolio.1st Global Advisors boosted its stake in SIVB in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 2,482 shares of SVB Financial Group which is valued at $250,707. SVB Financial Group makes up approx 0.03% of 1st Global Advisors’s portfolio. Daiwa Sb Investments Ltd. sold out all of its stake in SIVB during the most recent quarter. The investment firm sold 2,390 shares of SIVB which is valued $226,787.
SVB Financial Group closed down -0.61 points or -0.59% at $103.12 with 3,97,337 shares getting traded on Monday. Post opening the session at $104.58, the shares hit an intraday low of $102.86 and an intraday high of $104.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. Shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $170 .
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.