Vantiv Inc. (VNTV) Stake Boosted by BlackRock Advisors LLC
BlackRock Advisors LLC boosted its position in Vantiv Inc. (NYSE:VNTV) by 9.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 440,268 shares of the company’s stock after buying an additional 38,750 shares during the period. BlackRock Advisors LLC owned 0.28% of Vantiv worth $24,919,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. bought a new position in shares of Vantiv during the first quarter worth approximately $26,940,000. Prudential Financial Inc. increased its stake in Vantiv by 1.2% in the first quarter. Prudential Financial Inc. now owns 54,850 shares of the company’s stock worth $2,955,000 after buying an additional 630 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vantiv by 63.0% in the first quarter. JPMorgan Chase & Co. now owns 9,975,466 shares of the company’s stock worth $537,479,000 after buying an additional 3,857,008 shares in the last quarter. Geode Capital Management LLC increased its stake in Vantiv by 1.9% in the first quarter. Geode Capital Management LLC now owns 925,027 shares of the company’s stock worth $49,812,000 after buying an additional 16,999 shares in the last quarter. Finally, Creative Planning increased its stake in Vantiv by 32.0% in the second quarter. Creative Planning now owns 24,714 shares of the company’s stock worth $1,399,000 after buying an additional 5,998 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.
Shares of Vantiv Inc. (NYSE:VNTV) opened at 55.51 on Friday. Vantiv Inc. has a 12-month low of $42.01 and a 12-month high of $59.62. The firm has a market capitalization of $8.64 billion, a PE ratio of 46.07 and a beta of 0.60. The firm has a 50-day moving average of $53.96 and a 200-day moving average of $54.43.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data 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 analyst estimates of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Equities analysts anticipate that Vantiv Inc. will post $2.66 earnings per share for the current year.
A number of analysts have issued reports on the stock. Barclays PLC reissued a “buy” rating on shares of Vantiv in a report on Saturday, July 9th. Nomura reaffirmed a “buy” rating and set a $63.00 price target (up previously from $62.00) on shares of Vantiv in a report on Tuesday, August 2nd. Piper Jaffray Cos. reaffirmed a “hold” rating on shares of Vantiv in a report on Thursday, June 23rd. Pacific Crest reaffirmed an “overweight” rating and set a $62.00 price target on shares of Vantiv in a report on Monday, July 11th. Finally, Zacks Investment Research raised shares of Vantiv from a “sell” rating to a “hold” rating and set a $59.00 price objective for the company in a research note on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Vantiv has an average rating of “Buy” and an average price target of $56.54.
In other news, SVP Christopher A. Thompson sold 2,188 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $53.89, for a total value of $117,911.32. Following the sale, the senior vice president now directly owns 12,488 shares of the company’s stock, valued at approximately $672,978.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matt Taylor sold 162,576 shares of the company’s stock in a transaction dated 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 directly owns 70,435 shares in the company, valued at $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.
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.