Vantiv, Inc. (VNTV) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank increased its stake in Vantiv, Inc. (NYSE:VNTV) by 245.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,843 shares of the business services provider’s stock after acquiring an additional 4,862 shares during the quarter. Toronto Dominion Bank’s holdings in Vantiv were worth $482,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in VNTV. American Century Companies Inc. increased its stake in shares of Vantiv by 177.3% in the 3rd quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock valued at $183,555,000 after acquiring an additional 1,665,292 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Vantiv by 86.1% in the 2nd quarter. Voya Investment Management LLC now owns 2,385,622 shares of the business services provider’s stock valued at $151,105,000 after acquiring an additional 1,103,406 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Vantiv in the 2nd quarter valued at $51,274,000. Bessemer Group Inc. increased its stake in shares of Vantiv by 51.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock valued at $147,891,000 after acquiring an additional 797,144 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Vantiv in the 2nd quarter valued at $637,000. Institutional investors own 91.80% of the company’s stock.
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Vantiv, Inc. (NYSE:VNTV) traded up $0.28 during midday trading on Friday, reaching $71.64. 130,904 shares of the company traded hands, compared to its average volume of 1,915,973. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The firm has a market cap of $12,684.81, a P/E ratio of 23.95, a P/E/G ratio of 1.59 and a beta of 0.56. Vantiv, Inc. has a twelve month low of $54.38 and a twelve month high of $73.14.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. sell-side analysts anticipate that Vantiv, Inc. will post 3.15 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods set a $82.00 price objective on shares of Vantiv and gave the company a “buy” rating in a research note on Sunday, August 13th. Citigroup Inc. lifted their price objective on shares of Vantiv from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Robert W. Baird reiterated an “outperform” rating and issued a $80.00 price objective (up previously from $72.00) on shares of Vantiv in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $64.00 price objective on shares of Vantiv in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $75.96.
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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