The Manufacturers Life Insurance Company boosted its stake in Vantiv, Inc. (NYSE:VNTV) by 54.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 489,570 shares of the business services provider’s stock after purchasing an additional 171,862 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.30% of Vantiv worth $31,010,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Great Lakes Advisors LLC raised its stake in Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares in the last quarter. Shaker Investments LLC OH raised its stake in Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 80 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 98 shares in the last quarter. Capstone Asset Management Co. raised its stake in Vantiv by 3.1% in the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 140 shares in the last quarter. Finally, Associated Banc Corp raised its stake in Vantiv by 1.2% in the second quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 215 shares in the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

Vantiv, Inc. (NYSE VNTV) opened at 69.98 on Friday. The company has a market capitalization of $11.29 billion, a PE ratio of 59.15 and a beta of 0.61. The company has a 50 day moving average price of $71.27 and a 200-day moving average price of $65.80. Vantiv, Inc. has a one year low of $54.38 and a one year high of $73.14.

Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Analysts expect that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.

Several research analysts have commented on VNTV shares. BidaskClub downgraded Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Stifel Nicolaus lowered their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. Finally, Keefe, Bruyette & Woods set a $82.00 target price on Vantiv and gave the stock a “buy” rating in a research note on Sunday, August 13th. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Vantiv has an average rating of “Buy” and an average price target of $75.68.

WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/10/14/the-manufacturers-life-insurance-company-has-31-01-million-position-in-vantiv-inc-vntv.html.

About Vantiv

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Want to see what other hedge funds are holding VNTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vantiv, Inc. (NYSE:VNTV).

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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.