Vantiv, Inc. (VNTV) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. trimmed its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 22.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,098 shares of the business services provider’s stock after selling 7,578 shares during the period. Principal Financial Group Inc.’s holdings in Vantiv were worth $1,839,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of VNTV. GAM Holding AG grew its stake in shares of Vantiv by 41.6% in the 2nd quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock worth $1,303,000 after buying an additional 6,045 shares in the last quarter. Strs Ohio lifted its holdings in shares of Vantiv by 46.6% in the 3rd quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock worth $85,449,000 after acquiring an additional 385,704 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Vantiv in the 2nd quarter worth about $51,274,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Vantiv by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock worth $12,637,000 after acquiring an additional 1,178 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its holdings in shares of Vantiv by 54.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 32,259 shares of the business services provider’s stock worth $2,043,000 after acquiring an additional 11,383 shares during the last quarter.
Vantiv, Inc. (NYSE:VNTV) traded down $0.14 during midday trading on Tuesday, reaching $74.62. 1,939,100 shares of the company’s stock were exchanged, compared to its average volume of 1,993,794. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv, Inc. has a 1-year low of $56.64 and a 1-year high of $76.22. The stock has a market cap of $13,289.19, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.66 and a beta of 0.58.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $551.77 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. equities research analysts expect that Vantiv, Inc. will post 3.16 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $77.00 target price on shares of Vantiv in a report on Thursday, August 24th. BidaskClub lowered shares of Vantiv from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Vantiv from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Royal Bank of Canada reiterated a “buy” rating and set a $78.00 price objective on shares of Vantiv in a report on Friday, October 13th. Finally, Berenberg Bank began coverage on shares of Vantiv in a report on Thursday, November 16th. They set a “buy” rating and a $85.00 price objective for the company. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Vantiv presently has an average rating of “Buy” and an average price target of $77.58.
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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