Capstone Asset Management Co. raised its position in shares of Vantiv Inc. (NYSE:VNTV) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 3,899 shares of the company’s stock after buying an additional 85 shares during the period. Capstone Asset Management Co.’s holdings in Vantiv were worth $219,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Artisan Partners Limited Partnership raised its stake in shares of Vantiv by 79.5% in the second quarter. Artisan Partners Limited Partnership now owns 2,980,178 shares of the company’s stock worth $168,678,000 after buying an additional 1,320,324 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Vantiv by 18,604.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,049,117 shares of the company’s stock worth $59,382,000 after buying an additional 1,043,508 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vantiv by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 10,590,298 shares of the company’s stock worth $599,412,000 after buying an additional 614,832 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock worth $61,661,000 after buying an additional 560,355 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Vantiv during the first quarter worth $26,940,000. 80.57% of the stock is currently owned by institutional investors.
Shares of Vantiv Inc. (NYSE:VNTV) traded up 0.41% during mid-day trading on Wednesday, reaching $56.23. 887,219 shares of the company were exchanged. Vantiv Inc. has a 12 month low of $42.01 and a 12 month high of $59.62. The firm’s 50-day moving average is $54.72 and its 200-day moving average is $54.85. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 46.66 and a beta of 0.59.
Vantiv (NYSE:VNTV) last issued its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm earned $891 million during the quarter, compared to analysts’ expectations of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that Vantiv Inc. will post $2.66 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on VNTV shares. Barclays PLC downgraded shares of Vantiv from an “overweight” rating to an “equal weight” rating and set a $60.00 price target for the company. in a research report on Friday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Vantiv from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Wedbush started coverage on shares of Vantiv in a research report on Thursday, September 8th. They set a “neutral” rating and a $60.00 price target for the company. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Thursday, October 6th. Finally, Susquehanna upgraded shares of Vantiv from a “negative” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $36.00 in a research report on Thursday, August 25th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.93.
In other Vantiv news, SVP Christopher A. Thompson sold 2,188 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $53.89, for a total value of $117,911.32. Following the completion of the sale, the senior vice president now owns 12,488 shares in the company, valued at approximately $672,978.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matt Taylor sold 162,576 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $59.05, for a total transaction of $9,600,112.80. Following the completion of the sale, the insider now owns 70,435 shares of the company’s stock, valued at approximately $4,159,186.75. The disclosure for this sale can be found here. Corporate insiders own 1.32% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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