Vantiv, Inc. (VNTV) Shares Bought by Associated Banc Corp
Associated Banc Corp raised its stake in Vantiv, Inc. (NYSE:VNTV) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,773 shares of the business services provider’s stock after purchasing an additional 1,865 shares during the period. Associated Banc Corp’s holdings in Vantiv were worth $1,393,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the period. Tower Research Capital LLC TRC boosted its stake in Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares during the period. Great Lakes Advisors LLC boosted its stake in Vantiv by 1.5% during the 2nd 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 during the period. Profund Advisors LLC acquired a new position in Vantiv during the 2nd quarter valued at about $204,000. Finally, Beacon Investment Advisory Services Inc. acquired a new position in Vantiv during the 2nd quarter valued at about $204,000.
Vantiv, Inc. (NYSE VNTV) traded up $0.13 during mid-day trading on Friday, hitting $75.13. 3,582,454 shares of the stock were exchanged, compared to its average volume of 1,972,185. Vantiv, Inc. has a twelve month low of $55.11 and a twelve month high of $76.22. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $13,209.05, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.65 and a beta of 0.56.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. equities research analysts predict that Vantiv, Inc. will post 3.16 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Instinet reissued a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Vantiv in a research note on Monday, August 14th. Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $85.00 in a research report on Thursday, August 10th. Wedbush upgraded shares of Vantiv from a “neutral” rating to an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $75.96.
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Vantiv Company Profile
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.
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