November 16, 2016 - By Richard Conner · 0 Comments
The stock of Svb Financial Group (NASDAQ:SIVB) registered an increase of 3.21% in short interest. SIVB’s total short interest was 2.43 million shares in November as published by FINRA. Its up 3.21% from 2.35 million shares, reported previously. With 416,500 shares average volume, it will take short sellers 6 days to cover their SIVB’s short positions. The short interest to Svb Financial Group’s float is 4.69%. The stock decreased 0.24% or $0.36 during the last trading session, hitting $150.92. SVB Financial Group (NASDAQ:SIVB) has risen 37.68% since April 14, 2016 and is uptrending. It has outperformed by 32.99% the S&P500.
SVB Financial Group is a diversified financial services, bank holding and financial holding company. The company has a market cap of $8.20 billion. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. It has a 21.25 P/E ratio. The Global Commercial Bank segment consists of the activities of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.08, from 1.15 in 2016Q1. The ratio turned negative, as 45 funds sold all SVB Financial Group shares owned while 105 reduced positions. 38 funds bought stakes while 123 increased positions. They now own 47.12 million shares or 1.59% less from 47.89 million shares in 2016Q1.
Cubist Systematic Strategies Ltd accumulated 0.02% or 3,345 shares. Champlain Inv Prtnrs Ltd Liability has invested 0.4% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Cambridge Co has invested 0.45% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Winslow Asset Management accumulated 38,474 shares or 0.82% of the stock. Moreover, Goldman Sachs Gru Inc has 0.01% invested in SVB Financial Group (NASDAQ:SIVB) for 292,022 shares. Asset Management holds 0.01% or 7,615 shares in its portfolio. Commonwealth Equity Services has invested 0% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Amer International Group Inc holds 100,028 shares or 0% of its portfolio. Tru Com Of Vermont accumulated 90 shares or 0% of the stock. Sg Americas Ltd Liability holds 15,919 shares or 0.01% of its portfolio. Strs Ohio accumulated 0.19% or 451,000 shares. Moreover, Rafferty Asset Management Lc has 0.04% invested in SVB Financial Group (NASDAQ:SIVB) for 5,722 shares. Fsi Grp Incorporated Lc last reported 20,000 shares in the company. Thompson Siegel Walmsley Lc accumulated 15 shares or 0% of the stock. Manufacturers Life Insurance The has 0.1% invested in the company for 706,827 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 8 selling transactions for $2.52 million net activity. $49,504 worth of SVB Financial Group (NASDAQ:SIVB) shares were sold by Cox Philip C. Husain Kamran F sold $458,651 worth of SVB Financial Group (NASDAQ:SIVB) on Thursday, November 10. $212,758 worth of shares were sold by BENHAMOU ERIC on Thursday, August 25. 8,378 shares were sold by Descheneaux Michael, worth $864,670. The insider China John sold 1,200 shares worth $149,276. Shares for $237,484 were sold by Wallace Bruce.
Out of 8 analysts covering SVB Financial Group (NASDAQ:SIVB), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. SVB Financial Group has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded SVB Financial Group (NASDAQ:SIVB) on Wednesday, November 11 to “Overweight” rating. The firm has “Hold” rating by Zacks given on Monday, August 31. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Friday, August 28 by DA Davidson. Barclays Capital downgraded it to “Equal Weight” rating and $130 target price in Tuesday, November 1 report. The firm earned “Outperform” rating on Thursday, November 10 by RBC Capital Markets. The firm has “Neutral” rating by Piper Jaffray given on Tuesday, October 13. Barclays Capital maintained the shares of SIVB in a report on Thursday, March 24 with “Overweight” rating. Barclays Capital maintained it with “Overweight” rating and $150.0 target price in Friday, October 23 report. The firm earned “Overweight” rating on Friday, January 22 by Piper Jaffray. Barclays Capital maintained SVB Financial Group (NASDAQ:SIVB) on Friday, October 9 with “Overweight” rating.
SVB Financial Group (SVB Financial), incorporated on March 22, 1999, is a diversified financial services, bank holding and financial holding company. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial services and products to clients across the United States, as well as in international entrepreneurial markets. The Firm offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Fool.com which released: “SVB Financial Group Deposits a Positive Third Quarter” on October 24, 2016, also Fool.com with their article: “Why SVB Financial Group Shares Jumped 11% in August” published on September 15, 2016, Nasdaq.com published: “SVB Financial Group Reaches Analyst Target Price” on November 11, 2016. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Fool.com and their article: “Why SVB Financial Group Dropped 10% on Friday” published on June 27, 2016 as well as Seekingalpha.com‘s news article titled: “SVB Financial Group: A Secular Growth Bank” with publication date: October 12, 2016.
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By Richard Conner