Reasons for Gregory Becker’s Shares Unload of SVB Financial Group (SIVB)’s Stock; Brookfield Asset Management Lowered Its Southwest Gas Holdings (SWX) Holding

SVB Financial Group (NASDAQ:SIVB) Logo

Brookfield Asset Management Inc decreased Southwest Gas Holdings Inc (SWX) stake by 8.68% reported in 2017Q4 SEC filing. Brookfield Asset Management Inc sold 60,500 shares as Southwest Gas Holdings Inc (SWX)’s stock declined 16.25%. The Brookfield Asset Management Inc holds 636,900 shares with $51.26M value, down from 697,400 last quarter. Southwest Gas Holdings Inc now has $3.33 billion valuation. The stock increased 0.58% or $0.4 during the last trading session, reaching $69.07. About 251,489 shares traded or 6.01% up from the average. Southwest Gas Holdings, Inc. (NYSE:SWX) has declined 19.77% since April 7, 2017 and is downtrending. It has underperformed by 31.32% the S&P500.

Investors sentiment increased to 1.14 in Q4 2017. Its up 0.05, from 1.09 in 2017Q3. It improved, as 19 investors sold SWX shares while 78 reduced holdings. 42 funds opened positions while 69 raised stakes. 37.29 million shares or 1.55% more from 36.72 million shares in 2017Q3 were reported. California State Teachers Retirement System invested 0.01% in Southwest Gas Holdings, Inc. (NYSE:SWX). Envestnet Asset Management, a Illinois-based fund reported 2,600 shares. Renaissance Tech Lc invested in 0.01% or 152,400 shares. Federated Invsts Incorporated Pa stated it has 24,326 shares or 0.01% of all its holdings. Natl Bank Of Montreal Can has invested 0.01% of its portfolio in Southwest Gas Holdings, Inc. (NYSE:SWX). State Treasurer State Of Michigan has 17,200 shares for 0.01% of their portfolio. Cohen & Steers Inc has invested 0.2% in Southwest Gas Holdings, Inc. (NYSE:SWX). Bankshares Of America De accumulated 516,341 shares. Northern Trust Corporation has invested 0.03% in Southwest Gas Holdings, Inc. (NYSE:SWX). Susquehanna Grp Llp has 9,645 shares. Legal General Group Inc Public Limited Company holds 160,644 shares. Los Angeles Cap Mngmt Equity Research reported 24,663 shares. Sg Americas Secs Limited stated it has 30,760 shares. 204,485 are held by Wellington Mgmt Group Inc Limited Liability Partnership. State Street invested in 1.65M shares.

Analysts await Southwest Gas Holdings, Inc. (NYSE:SWX) to report earnings on May, 14. They expect $1.73 earnings per share, up 19.31% or $0.28 from last year’s $1.45 per share. SWX’s profit will be $83.38M for 9.98 P/E if the $1.73 EPS becomes a reality. After $1.58 actual earnings per share reported by Southwest Gas Holdings, Inc. for the previous quarter, Wall Street now forecasts 9.49% EPS growth.

Among 7 analysts covering Southwest Gas Corporation (NYSE:SWX), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Southwest Gas Corporation has $89 highest and $57 lowest target. $74.50’s average target is 7.86% above currents $69.07 stock price. Southwest Gas Corporation had 24 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Thursday, August 27 by Zacks. As per Monday, October 12, the company rating was maintained by Argus Research. The firm earned “Neutral” rating on Tuesday, March 27 by Citigroup. The stock of Southwest Gas Holdings, Inc. (NYSE:SWX) earned “Neutral” rating by Citigroup on Monday, November 20. The rating was upgraded by UBS on Tuesday, December 19 to “Buy”. Zacks downgraded the stock to “Hold” rating in Tuesday, September 1 report. The stock has “Neutral” rating by UBS on Wednesday, November 8. Jefferies maintained Southwest Gas Holdings, Inc. (NYSE:SWX) rating on Monday, October 16. Jefferies has “Hold” rating and $70.0 target. KeyBanc Capital Markets maintained the shares of SWX in report on Wednesday, October 18 with “Hold” rating. The rating was initiated by BB&T Capital on Wednesday, March 30 with “Hold”.

Brookfield Asset Management Inc increased Firstenergy Corp (NYSE:FE) stake by 32,100 shares to 1.99 million valued at $60.79M in 2017Q4. It also upped Tanger Factory Outlet Ctrs I (NYSE:SKT) stake by 22,200 shares and now owns 443,800 shares. General Mls Inc (NYSE:GIS) was raised too.

SVB Financial Group, a diversified financial services company, provides various banking and financial services and products. The company has market cap of $12.49 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 25.66 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.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.21, from 0.98 in 2017Q3. It is positive, as 30 investors sold SVB Financial Group shares while 133 reduced holdings. 75 funds opened positions while 119 raised stakes. 45.46 million shares or 9.47% less from 50.21 million shares in 2017Q3 were reported. Klingenstein Fields And Limited Liability invested in 2,100 shares. Trillium Asset Limited Liability Corp owns 1.04% invested in SVB Financial Group (NASDAQ:SIVB) for 81,045 shares. Us Bancorp De invested in 0% or 2,074 shares. Cadence Capital Ltd Liability holds 7,956 shares. Federated Invsts Incorporated Pa holds 21,864 shares or 0.01% of its portfolio. Caisse De Depot Et Placement Du Quebec, Quebec – Canada-based fund reported 3,100 shares. 6,564 were accumulated by Brinker Capital Incorporated. Massmutual Fsb Adv owns 540 shares for 0% of their portfolio. Alpine Woods Capital Investors holds 0.08% or 6,900 shares in its portfolio. Daiwa Group invested in 14,390 shares or 0.02% of the stock. Virtu Limited Liability Company has invested 0.01% in SVB Financial Group (NASDAQ:SIVB). Research Global stated it has 1.13M shares or 0.08% of all its holdings. Blackrock owns 5.10 million shares. Moreover, Fiduciary Trust has 0.1% invested in SVB Financial Group (NASDAQ:SIVB). Advisory Serv Networks Lc holds 0.01% or 543 shares in its portfolio.

Among 18 analysts covering SVB Financial Group (NASDAQ:SIVB), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. SVB Financial Group has $308.0 highest and $125 lowest target. $250.64’s average target is 6.18% above currents $236.06 stock price. SVB Financial Group had 63 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained SVB Financial Group (NASDAQ:SIVB) on Friday, April 7 with “Equal Weight” rating. On Monday, May 29 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Barclays Capital maintained it with “Equal-Weight” rating and $217 target in Monday, October 30 report. The firm has “Buy” rating given on Thursday, January 25 by SunTrust. Piper Jaffray maintained the stock with “Buy” rating in Friday, December 8 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, February 26. The rating was initiated by JMP Securities on Friday, September 16 with “Mkt Outperform”. The firm has “Outperform” rating given on Thursday, November 10 by RBC Capital Markets. RBC Capital Markets maintained SVB Financial Group (NASDAQ:SIVB) rating on Friday, July 7. RBC Capital Markets has “Buy” rating and $20500 target. Piper Jaffray initiated the stock with “Neutral” rating in Tuesday, October 13 report.

Since February 2, 2018, it had 0 insider buys, and 3 sales for $2.02 million activity. $297,007 worth of stock was sold by Cox Philip C on Friday, February 2. Another trade for 2,510 shares valued at $624,854 was sold by DRAPER MICHELLE. $1.10 million worth of stock was sold by BECKER GREGORY W on Wednesday, February 7.

The stock decreased 2.57% or $6.22 during the last trading session, reaching $236.06. About 707,447 shares traded or 7.22% up from the average. SVB Financial Group (NASDAQ:SIVB) has risen 33.86% since April 7, 2017 and is uptrending. It has outperformed by 22.31% the S&P500.

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart