Citigroup Upped Schwab Charles New (SCHW) Stake By $31.27 Million; Svb Financial Group (SIVB) Sellers Increased By 3.79% Their Shorts

February 18, 2018 - By Darrin Black

Citigroup Inc increased Schwab Charles Corp New (SCHW) stake by 227.17% reported in 2017Q3 SEC filing. Citigroup Inc acquired 727,181 shares as Schwab Charles Corp New (SCHW)’s stock declined 7.92%. The Citigroup Inc holds 1.05 million shares with $45.81M value, up from 320,100 last quarter. Schwab Charles Corp New now has $69.94B valuation. The stock decreased 0.31% or $0.16 during the last trading session, reaching $52.17. About 5.89M shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since February 18, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Svb Financial Group (NASDAQ:SIVB) had an increase of 3.79% in short interest. SIVB’s SI was 900,200 shares in February as released by FINRA. Its up 3.79% from 867,300 shares previously. With 323,400 avg volume, 3 days are for Svb Financial Group (NASDAQ:SIVB)’s short sellers to cover SIVB’s short positions. The SI to Svb Financial Group’s float is 1.73%. The stock decreased 0.02% or $0.06 during the last trading session, reaching $248.81. About 382,458 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 74.61% since February 18, 2017 and is uptrending. It has outperformed by 57.91% the S&P500.

Since September 6, 2017, it had 0 insider purchases, and 20 insider sales for $91.13 million activity. Chandoha Marie A also sold $319,150 worth of The Charles Schwab Corporation (NYSE:SCHW) on Thursday, October 26. On Friday, January 26 the insider MCLIN STEPHEN T sold $1.01 million. The insider SCHWAB CHARLES R sold $12.97M. $105,236 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Kallsen Terri R on Wednesday, February 7. The insider Murtagh Nigel J sold 8,000 shares worth $361,194. The insider Clark Bernard J. sold $3.31M.

Citigroup Inc decreased Insight Enterprises Inc (NASDAQ:NSIT) stake by 37,166 shares to 63,504 valued at $2.92 million in 2017Q3. It also reduced Huntsman Corp (Put) (NYSE:HUN) stake by 16,900 shares and now owns 83,600 shares. J & J Snack Foods Corp (NASDAQ:JJSF) was reduced too.

Among 23 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Charles Schwab had 91 analyst reports since August 11, 2015 according to SRatingsIntel. Credit Suisse maintained The Charles Schwab Corporation (NYSE:SCHW) on Wednesday, February 7 with “Outperform” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, January 17. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Overweight” rating given on Tuesday, January 30 by Morgan Stanley. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Sell” rating given on Wednesday, February 7 by Citigroup. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Outperform” rating by William Blair on Friday, June 16. SunTrust maintained the stock with “Buy” rating in Monday, October 23 report. On Wednesday, January 17 the stock rating was maintained by Sandler O’Neill with “Buy”. Keefe Bruyette & Woods maintained it with “Buy” rating and $47.0 target in Monday, August 14 report. The firm has “Buy” rating given on Wednesday, February 14 by SunTrust. Morgan Stanley maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, July 25 with “Overweight” rating.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It fall, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Asset Advsr Corp, a Georgia-based fund reported 172,450 shares. 2,077 were accumulated by Hartford. Fin Mgmt Pro accumulated 0.01% or 450 shares. Proshare Ltd Liability invested 0.11% in The Charles Schwab Corporation (NYSE:SCHW). Polar Llp holds 880,555 shares. Gemmer Asset Mgmt Ltd Liability Company holds 35,015 shares or 0.58% of its portfolio. Bessemer Gp holds 0.02% or 92,128 shares. Stephens Ar stated it has 0.05% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Nippon Life Ins Communications holds 47,969 shares. Natl Asset Management Inc reported 18,661 shares or 0.14% of all its holdings. Clearbridge reported 8.48 million shares. Farmers Trust reported 69,905 shares. Strategic Advisors Llc reported 0.3% stake. Davidson Inv owns 0.06% invested in The Charles Schwab Corporation (NYSE:SCHW) for 13,225 shares. 23,699 are owned by Cim Mangement Inc.

Among 17 analysts covering SVB Financial Group (NASDAQ:SIVB), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. SVB Financial Group had 58 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 9 by Wells Fargo. The firm has “Buy” rating given on Tuesday, December 5 by Raymond James. The firm has “Overweight” rating given on Wednesday, January 31 by Morgan Stanley. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Thursday, January 25 by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Thursday, January 25 by SunTrust. The rating was maintained by Barclays Capital on Thursday, March 24 with “Overweight”. Piper Jaffray upgraded the shares of SIVB in report on Friday, January 22 to “Overweight” rating. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Buy” rating by Jefferies on Friday, December 15. Piper Jaffray maintained SVB Financial Group (NASDAQ:SIVB) on Monday, August 14 with “Buy” rating.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.13, from 1.11 in 2017Q2. It worsened, as 41 investors sold SVB Financial Group shares while 129 reduced holdings. 47 funds opened positions while 119 raised stakes. 50.21 million shares or 5.45% more from 47.61 million shares in 2017Q2 were reported. Ent Financial Service owns 18 shares or 0% of their US portfolio. Employees Retirement Systems Of Ohio owns 0.04% invested in SVB Financial Group (NASDAQ:SIVB) for 46,138 shares. Oppenheimer Asset Management holds 0.04% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 9,073 shares. Cadence Management Ltd Company accumulated 11,753 shares. Moreover, Amalgamated Bankshares has 0.06% invested in SVB Financial Group (NASDAQ:SIVB). Next Financial Grp invested in 0.07% or 1,348 shares. Exane Derivatives invested in 667 shares. 37,182 are owned by Rmb Capital Management Ltd Liability. Thrivent Fin For Lutherans holds 0.07% or 105,185 shares. Columbus Circle Invsts reported 243,596 shares. Mitchell Mcleod Pugh And Williams reported 1,079 shares stake. Sg Americas Securities Ltd Liability Com reported 938 shares or 0% of all its holdings. Fulton Savings Bank Na holds 6,194 shares or 0.09% of its portfolio. Cap Rech Glob Investors, a California-based fund reported 1.13M shares. Moore Cap Mngmt L P owns 0.81% invested in SVB Financial Group (NASDAQ:SIVB) for 225,000 shares.

SVB Financial Group, a diversified financial services company, provides various banking and financial services and products. The company has market cap of $13.15 billion. The Company’s 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 services and products comprising term loans, equipment loans, asset loans, revolving lines of credit, accounts-receivable lines of credit, capital call lines of credit, and credit cards; and payment and cash management services and products, including wire transfer and automated clearing house payment, bill pay, debit cards account analysis, and disbursement, as well as online and mobile banking services. It has a 27.04 P/E ratio. This segment also provides various loan and credit facilities; foreign exchange services; export, import, and standby letters of credit; investment services and solutions; investment advisory services; third party money market mutual funds and fixed-income securities; vineyard development loans and community development loans to clients in the wine industry; and equity valuation services to companies and venture capital/private equity firms, as well as invests in debt funds.

Since September 1, 2017, it had 0 insider purchases, and 3 insider sales for $1.74 million activity. Another trade for 1,175 shares valued at $297,007 was sold by Cox Philip C. $344,030 worth of stock was sold by BENHAMOU ERIC on Friday, September 1. The insider BECKER GREGORY W sold $1.10M.

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