Globeflex Capital LP Has Upped Ncr New (NCR) Position by $899,290; Stock Value Declined; As Svb Finl Group (SIVB) Stock Price Declined, Shareholder Spindletop Capital Has Decreased Holding by $7.42 Million

September 14, 2018 - By Ronnie Lemelle

SVB Financial Group (NASDAQ:SIVB) Logo

Globeflex Capital LP increased its stake in Ncr Corp New (NCR) by 164.82% based on its latest 2018Q2 regulatory filing with the SEC. Globeflex Capital LP bought 31,010 shares as the company’s stock declined 9.62% while stock markets rallied. The institutional investor held 49,825 shares of the office equipment and supplies and services company at the end of 2018Q2, valued at $1.49M, up from 18,815 at the end of the previous reported quarter. Globeflex Capital LP who had been investing in Ncr Corp New for a number of months, seems to be bullish on the $3.33B market cap company. The stock decreased 0.98% or $0.28 during the last trading session, reaching $28.25. About 216,510 shares traded. NCR Corporation (NYSE:NCR) has declined 24.30% since September 14, 2017 and is downtrending. It has underperformed by 39.92% the S&P500. Some Historical NCR News: 26/03/2018 – NCR Short-Interest Ratio Rises 30% to 8 Days; 22/03/2018 – NCR: Nuti to Step Down Upon Naming of New CEO; 15/03/2018 – Record Attendance at NCR’s Annual Americas Partner Conference; 01/05/2018 – NCR Sees 2Q EPS 12c-EPS 30c; 22/03/2018 – NCR Chmn and CEO Bill Nuti to Step Dn for Health Reasons; 23/04/2018 – Rep. Bishop: CONGRESSMAN BISHOP STATEMENT IN RESPONSE TO NCR CLOSURE OF MANUFACTURING FACILITIES IN COLUMBUS; 21/04/2018 – DJ NCR Corporation, Inst Holders, 1Q 2018 (NCR); 01/05/2018 – NCR Sees 2Q Adj EPS 60c-Adj EPS 65c; 23/04/2018 – NCR CORP – DEAL PROVIDES FOR NCR TO OBTAIN MANUFACTURING SERVICES FROM JABIL FOR NCR’S AUTOMATED TELLER MACHINES, SELF-SERVICE CHECKOUT SOLUTIONS; 01/05/2018 – NCR 1Q Adj EPS 56c

Spindletop Capital Llc decreased its stake in Svb Finl Group (SIVB) by 24.35% based on its latest 2018Q2 regulatory filing with the SEC. Spindletop Capital Llc sold 25,750 shares as the company’s stock declined 0.91% while stock markets rallied. The institutional investor held 80,000 shares of the major banks company at the end of 2018Q2, valued at $23.10 million, down from 105,750 at the end of the previous reported quarter. Spindletop Capital Llc who had been investing in Svb Finl Group for a number of months, seems to be less bullish one the $16.92B market cap company. The stock increased 1.00% or $3.16 during the last trading session, reaching $317.97. About 187,173 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 85.36% since September 14, 2017 and is uptrending. It has outperformed by 69.74% the S&P500. Some Historical SIVB News: 10/04/2018 – Silicon Valley Bank Expands Energy and Resource Innovation Practice; 21/03/2018 – SIGTARP: SVB Press Release – 3/21/2018; 08/03/2018 – Moody’s: SVB Niche Model With Focus on Areas Like Venture Capital Provides Low-Cost Deposits; 22/03/2018 – SVB FINANCIAL GROUP SIVB.O : UBS STARTS WITH NEUTRAL RATING: TARGET PRICE $284; 26/04/2018 – SVB Financial 1Q EPS $3.63; 07/05/2018 – SVB Financial Group Announces 2018 Investor Day; 08/03/2018 Moody’s Affirms Svb’s Ratings, Outlook Stable; 08/03/2018 – Moody’s: Affirmation Reflects SVB’s Strong Funding and Liquidity Profil; 12/03/2018 – SVB Financial Trading Activity Rises to More Than Triple Average; 08/05/2018 – SVB Financial Group Appoints Kimberly Jabal, CFO of Weebly, to its Board of Directors

Globeflex Capital L P, which manages about $3.98B and $490.05M US Long portfolio, decreased its stake in E Trade Financial Ord (NASDAQ:ETFC) by 6,700 shares to 54,036 shares, valued at $3.31M in 2018Q2, according to the filing. It also reduced its holding in Merit Med Sys Inc (NASDAQ:MMSI) by 7,800 shares in the quarter, leaving it with 41,942 shares, and cut its stake in Progress Software Corp (NASDAQ:PRGS).

More recent NCR Corporation (NYSE:NCR) news were published by: Businesswire.com which released: “US Credit Unions Select NCR’s Digital Insightâ„¢ Solutions to Improve Digital Banking” on September 12, 2018. Also Bizjournals.com published the news titled: “NCR Corp. names former CBS Radio CEO its new CFO” on August 29, 2018. Businesswire.com‘s news article titled: “NCR Extends Portfolio of Managed Services to Channel Partners” with publication date: August 28, 2018 was also an interesting one.

Among 13 analysts covering NCR (NYSE:NCR), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. NCR had 36 analyst reports since August 20, 2015 according to SRatingsIntel. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) on Tuesday, June 13 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Monday, May 15. The stock of NCR Corporation (NYSE:NCR) earned “Perform” rating by Oppenheimer on Friday, July 27. As per Monday, January 25, the company rating was upgraded by Northcoast. The stock of NCR Corporation (NYSE:NCR) earned “Outperform” rating by Oppenheimer on Thursday, March 16. The rating was maintained by Oppenheimer on Wednesday, August 9 with “Buy”. The rating was maintained by Wedbush on Wednesday, October 26 with “Neutral”. Oppenheimer maintained the stock with “Outperform” rating in Thursday, August 20 report. Oppenheimer maintained the shares of NCR in report on Wednesday, October 28 with “Outperform” rating. The company was downgraded on Thursday, December 3 by Oppenheimer.

Since April 4, 2018, it had 0 buys, and 12 sales for $8.70 million activity. Edmonds-Waters Christopher sold 2,314 shares worth $738,504. 1,000 shares valued at $317,530 were sold by Robinson John F on Wednesday, May 30. BECKER GREGORY W had sold 3,028 shares worth $707,087 on Wednesday, April 4. 1,500 shares valued at $480,576 were sold by Husain Kamran F on Thursday, May 10. $231,992 worth of SVB Financial Group (NASDAQ:SIVB) was sold by MITCHELL KATE. Cox Philip C had sold 688 shares worth $209,668.

More news for SVB Financial Group (NASDAQ:SIVB) were recently published by: Bizjournals.com, which released: “Fintech Upgrade doubling SF workforce after raising $62 million” on September 05, 2018. Nasdaq.com‘s article titled: “The Best-Performing Bank Stock of 2018 (So Far)” and published on September 12, 2018 is yet another important article.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on October, 25. They expect $4.44 earnings per share, up 59.14% or $1.65 from last year’s $2.79 per share. SIVB’s profit will be $236.26 million for 17.90 P/E if the $4.44 EPS becomes a reality. After $4.42 actual earnings per share reported by SVB Financial Group for the previous quarter, Wall Street now forecasts 0.45% EPS growth.

Among 20 analysts covering SVB Financial Group (NASDAQ:SIVB), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. SVB Financial Group had 78 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of SIVB in report on Wednesday, April 11 with “Equal-Weight” rating. On Thursday, January 25 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by Raymond James given on Tuesday, December 5. Zacks upgraded the shares of SIVB in report on Monday, August 31 to “Hold” rating. SunTrust maintained SVB Financial Group (NASDAQ:SIVB) on Thursday, January 25 with “Buy” rating. Morgan Stanley upgraded SVB Financial Group (NASDAQ:SIVB) rating on Wednesday, November 11. Morgan Stanley has “Overweight” rating and $152 target. The firm has “Equal Weight” rating given on Friday, April 7 by Barclays Capital. The rating was maintained by Keefe Bruyette & Woods on Monday, May 29 with “Buy”. The rating was maintained by Maxim Group on Monday, April 30 with “Buy”. Jefferies maintained the shares of SIVB in report on Friday, June 9 with “Buy” rating.

Investors sentiment decreased to 1.06 in 2018 Q2. Its down 0.30, from 1.36 in 2018Q1. It is negative, as 19 investors sold SIVB shares while 195 reduced holdings. 93 funds opened positions while 134 raised stakes. 45.54 million shares or 1.69% less from 46.32 million shares in 2018Q1 were reported. Management Assocs Ny, a New York-based fund reported 3,000 shares. The Japan-based Sumitomo Mitsui Tru Inc has invested 0.06% in SVB Financial Group (NASDAQ:SIVB). Central Commercial Bank Trust Communication owns 55 shares for 0% of their portfolio. Welch & Forbes Lc holds 950 shares. Mai accumulated 0.02% or 1,152 shares. Columbia Ptnrs L L C Investment Mgmt holds 0.59% or 7,136 shares. Parkside State Bank & holds 0.01% or 54 shares. Motley Fool Wealth Mgmt Limited Liability Corporation holds 38,563 shares. The Maryland-based Profund Advisors Limited Liability Co has invested 0.02% in SVB Financial Group (NASDAQ:SIVB). Highbridge Management Ltd stated it has 3,505 shares. Comm Bancorporation invested in 1,176 shares. Cap Global Invsts accumulated 664,635 shares. Fisher Asset Mgmt Ltd Co owns 1.15 million shares. Loomis Sayles & Limited Partnership holds 0.04% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 64,861 shares. Ls Advsr Llc holds 0.03% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 1,812 shares.

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart

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