Bremer Trust National Association Cuts Holdings in Vantiv Inc (VNTV)
Bremer Trust National Association lowered its stake in Vantiv Inc (NYSE:VNTV) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,916 shares of the business services provider’s stock after selling 943 shares during the quarter. Bremer Trust National Association’s holdings in Vantiv were worth $215,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. KAMES CAPITAL plc lifted its stake in Vantiv by 122.7% in the fourth quarter. KAMES CAPITAL plc now owns 1,097,686 shares of the business services provider’s stock valued at $80,713,000 after buying an additional 604,860 shares in the last quarter. DnB Asset Management AS lifted its stake in Vantiv by 1.5% in the fourth quarter. DnB Asset Management AS now owns 154,123 shares of the business services provider’s stock valued at $11,336,000 after buying an additional 2,300 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Vantiv by 9.0% in the third quarter. Public Employees Retirement System of Ohio now owns 119,825 shares of the business services provider’s stock valued at $8,444,000 after buying an additional 9,885 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Vantiv by 24.2% in the third quarter. GSA Capital Partners LLP now owns 5,932 shares of the business services provider’s stock valued at $418,000 after buying an additional 1,157 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Vantiv in the third quarter worth $383,000.
Shares of Vantiv Inc (NYSE:VNTV) opened at $77.60 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv Inc has a 1 year low of $59.10 and a 1 year high of $78.25. The stock has a market cap of $13,800.00, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. equities analysts anticipate that Vantiv Inc will post 3.16 EPS for the current fiscal year.
VNTV has been the topic of a number of research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $79.00 price objective on shares of Vantiv in a research report on Tuesday, December 12th. Royal Bank of Canada reissued a “buy” rating and issued a $78.00 price objective on shares of Vantiv in a research report on Friday, October 13th. BidaskClub raised shares of Vantiv from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Buckingham Research raised shares of Vantiv from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Friday, December 8th. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Vantiv currently has an average rating of “Buy” and a consensus target price of $80.04.
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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