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

SVB Financial Group (SIVB) : Quantum Capital Management reduced its stake in SVB Financial Group by 23.55% during the most recent quarter end. The investment management company now holds a total of 70,488 shares of SVB Financial Group which is valued at $10,663,425 after selling 21,719 shares in SVB Financial Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.SVB Financial Group makes up approximately 2.89% of Quantum Capital Management’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added SIVB to its portfolio by purchasing 91 company shares during the most recent quarter which is valued at $13,766.Neuberger Berman Group reduced its stake in SIVB by selling 5,269 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 892,198 shares of SIVB which is valued at $104,976,017. SVB Financial Group makes up approx 0.15% of Neuberger Berman Group’s portfolio.Nordea Investment Management Ab boosted its stake in SIVB in the latest quarter, The investment management firm added 4,879 additional shares and now holds a total of 10,928 shares of SVB Financial Group which is valued at $1,285,788.1st Global Advisors boosted its stake in SIVB in the latest quarter, The investment management firm added 797 additional shares and now holds a total of 3,279 shares of SVB Financial Group which is valued at $386,135. SVB Financial Group makes up approx 0.05% of 1st Global Advisors’s portfolio.Gw&k Investment Management reduced its stake in SIVB by selling 35,601 shares or 18.21% in the most recent quarter. The Hedge Fund company now holds 159,932 shares of SIVB which is valued at $18,374,587. SVB Financial Group makes up approx 0.35% of Gw&k Investment Management’s portfolio.

SVB Financial Group opened for trading at $149.79 and hit $151.4 on the upside on Monday, eventually ending the session at $150.84, with a gain of 0.69% or 1.04 points. The heightened volatility saw the trading volume jump to 3,68,188 shares. Company has a market cap of $7,857 M.

On the company’s financial health, SVB Financial Group reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.73. The company had revenue of $433.50 million for the quarter, compared to analysts expectations of $394.26 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on SVB Financial Group. Company shares were Reiterated by RBC Capital Mkts on Nov 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 146 from a previous price target of $125 .SVB Financial Group was Initiated by JMP Securities to “Mkt Outperform” on Sep 16, 2016.

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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