Banco Bradesco S.A. has 1 buy ratings, 4 holds and 0 sells even after the stock climbed 1.97% from its high of $11.45 to a $69.25 billion market value through last close. Fiduciary Trust Co.'s holdings in SVB Financial Group were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Moreover, Next Financial has 0% invested in SVB Financial Group (NASDAQ:SIVB). Finally, Nomura Asset Management Co. SVB Financial Group's revenue for the quarter was up 10.2% compared to the same quarter past year. Exane Derivatives bought a new stake in SVB Financial Group in the 2nd quarter valued at about $119,000. Harbour Capital Advisors LLC lifted its position in shares of SVB Financial Group by 17,141.0% during the second quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of SVB Financial Group by 79.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS has an ownership of 7,661 stocks of the bank's shares valued at $1,347,000 following purchasing an extra 20 shares through out the previous quarter, JPMorgan Chase boosted its stake in stocks of SVB Financial Group by 41.9% through out the 2nd period.
COPYRIGHT VIOLATION WARNING: This piece was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. SVB Financial Group (NASDAQ:SIVB) has risen 74.61% since September 13, 2016 and is uptrending. Wallace Bruce had sold 8,790 shares worth $1.60 million. JPMorgan Chase has an ownership of 2,134,833 stocks of the bank's shares valued at $375,282,000 following purchasing an extra 629,917 shares through out the previous quarter, State of Tennessee Treasury Department boosted its stake in stocks of SVB Financial Group by 27.0% through out the 2nd period. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now owns 14,064 shares of the company's stock, valued at approximately $2,560,632.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The counter witnessed a trading volume of 8.54 million shares versus an average volume of 9.7 million shares during last trading session. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the sale, the insider now directly owns 12,027 shares in the company, valued at $1,826,420.22. The disclosure for this sale can be found here.
In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of SVB Financial Group stock in a transaction on Wednesday, August 2nd.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at 177.41 on Monday. Also Executive Philip C. Cox unloaded 3,024 stocks of the shares in a trade that took place on Tue, Aug 1st.
The stock's 50 day moving average is 173.61 and its 200 day moving average is 179.87. SVB Financial Group has a 12-month low of $103.12 and a 12-month high of $198.83.
ILLEGAL ACTIVITY NOTICE: "SVB Financial Group (SIVB) Holdings Trimmed by TimesSquare Capital Management LLC" was reported by Week Herald and is owned by of Week Herald. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The business had revenue of $471.70 million for the quarter, compared to analyst estimates of $451.96 million. The stock sank -2.46% last month and is down -1.8 this year. The company's sales went up 10.2% on a YOY basis.
A number of analysts have commented on the stock.
Among 2 analysts covering Green Brick Partners (NASDAQ:GRBK), 0 have Buy rating, 0 Sell and 2 Hold. The company was maintained on Monday, August 14 by Keefe Bruyette & Woods. The firm earned "Hold" rating on Monday, August 31 by Zacks. The rating was maintained by Barclays Capital on Friday, October 23 with "Overweight". Barclays PLC reissued an "equal weight" rating and issued a $191.00 target price (up from $188.00) on shares of SVB Financial Group in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $202.75.
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company's divisions include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.