Menta Capital LLC Purchases New Holdings in SVB Financial Group (SIVB)

Menta Capital LLC purchased a new position in shares of SVB Financial Group (NASDAQ:SIVB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,578 shares of the bank’s stock, valued at approximately $490,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in SVB Financial Group by 16.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,525,038 shares of the bank’s stock valued at $474,028,000 after acquiring an additional 219,000 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in SVB Financial Group by 11,278.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 215,287 shares of the bank’s stock valued at $66,918,000 after acquiring an additional 213,395 shares in the last quarter. Sarasin & Partners LLP acquired a new position in SVB Financial Group in the 4th quarter valued at $40,464,000. Assenagon Asset Management S.A. acquired a new position in SVB Financial Group in the 4th quarter valued at $30,385,000. Finally, Canada Pension Plan Investment Board raised its holdings in SVB Financial Group by 698.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 142,900 shares of the bank’s stock valued at $44,418,000 after acquiring an additional 125,000 shares in the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their price objective on SVB Financial Group from $288.00 to $278.00 and set a “buy” rating for the company in a report on Thursday, December 6th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $242.00 price target on the stock in a research note on Tuesday, January 15th. Morgan Stanley decreased their price target on SVB Financial Group from $320.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Piper Jaffray Companies decreased their price target on SVB Financial Group to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, January 3rd. Finally, Stephens reiterated a “buy” rating and issued a $290.00 price target on shares of SVB Financial Group in a research note on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $313.35.

In related news, insider Michelle Draper sold 1,748 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $238.44, for a total transaction of $416,793.12. Following the sale, the insider now owns 7,573 shares in the company, valued at approximately $1,805,706.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John China sold 11,200 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total value of $2,790,144.00. Following the sale, the insider now owns 22,172 shares in the company, valued at approximately $5,523,488.64. The disclosure for this sale can be found here. Insiders have sold a total of 16,617 shares of company stock worth $4,096,266 in the last 90 days. 0.74% of the stock is currently owned by corporate insiders.

Shares of SIVB opened at $246.21 on Friday. SVB Financial Group has a 52-week low of $177.70 and a 52-week high of $333.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $12.68 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.58 and a beta of 2.03.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.27. The business had revenue of $673.69 million for the quarter, compared to analyst estimates of $697.89 million. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. SVB Financial Group’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.19 EPS. Equities research analysts expect that SVB Financial Group will post 20.39 earnings per share for the current year.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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

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