Peloton Wealth Strategists Has $4.35 Million Stake in SVB Financial Group (NASDAQ:SIVB)

Peloton Wealth Strategists decreased its position in SVB Financial Group (NASDAQ:SIVBGet Rating) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,410 shares of the bank’s stock after selling 495 shares during the period. SVB Financial Group comprises about 1.7% of Peloton Wealth Strategists’ investment portfolio, making the stock its 21st biggest holding. Peloton Wealth Strategists’ holdings in SVB Financial Group were worth $4,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SIVB. BlackRock Inc. boosted its stake in shares of SVB Financial Group by 9.5% during the 3rd quarter. BlackRock Inc. now owns 5,059,688 shares of the bank’s stock valued at $3,273,011,000 after buying an additional 439,970 shares during the period. Invesco Ltd. raised its holdings in shares of SVB Financial Group by 42.9% during the 3rd quarter. Invesco Ltd. now owns 1,238,752 shares of the bank’s stock valued at $801,323,000 after purchasing an additional 372,184 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of SVB Financial Group by 8.6% during the 3rd quarter. Royal Bank of Canada now owns 1,715,975 shares of the bank’s stock valued at $1,110,030,000 after purchasing an additional 135,943 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SVB Financial Group by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,120,549 shares of the bank’s stock valued at $723,236,000 after purchasing an additional 83,375 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of SVB Financial Group by 9.0% during the 3rd quarter. Alliancebernstein L.P. now owns 893,894 shares of the bank’s stock valued at $578,242,000 after purchasing an additional 74,144 shares in the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on SIVB shares. Truist Financial dropped their target price on shares of SVB Financial Group from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Monday, April 25th. Wedbush dropped their target price on shares of SVB Financial Group from $800.00 to $675.00 and set an “outperform” rating on the stock in a report on Friday, April 22nd. Morgan Stanley dropped their price objective on shares of SVB Financial Group from $935.00 to $769.00 and set an “overweight” rating on the stock in a report on Monday, March 28th. Raymond James boosted their price objective on shares of SVB Financial Group from $685.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on shares of SVB Financial Group from $767.00 to $674.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $746.53.

In other SVB Financial Group news, CMO Michelle Draper sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $603.58, for a total value of $162,363.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,851 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $595.08, for a total transaction of $2,291,653.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,360 shares of company stock valued at $4,857,395. 0.62% of the stock is currently owned by insiders.

Shares of SIVB traded up $13.71 on Friday, reaching $449.28. 467,250 shares of the company’s stock were exchanged, compared to its average volume of 588,506. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $26.44 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.80. The business has a 50 day moving average price of $525.69 and a two-hundred day moving average price of $621.00. SVB Financial Group has a 12 month low of $422.74 and a 12 month high of $763.22.

SVB Financial Group (NASDAQ:SIVBGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.58 by $2.34. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.45 billion. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.59%. SVB Financial Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.03 earnings per share. Equities research analysts predict that SVB Financial Group will post 34.86 EPS for the current year.

SVB Financial Group Profile (Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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Institutional Ownership by Quarter for SVB Financial Group (NASDAQ:SIVB)

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