Vantiv, Inc. (VNTV) Stake Decreased by Colony Group LLC
Colony Group LLC reduced its position in Vantiv, Inc. (NYSE:VNTV) by 2.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,971 shares of the business services provider’s stock after selling 1,193 shares during the period. Colony Group LLC’s holdings in Vantiv were worth $2,817,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Vantiv by 3.0% in the 2nd quarter. Aperio Group LLC now owns 17,583 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 513 shares in the last quarter. HL Financial Services LLC acquired a new stake in Vantiv in the 2nd quarter worth approximately $221,000. Global X Management Co. LLC boosted its stake in Vantiv by 17.0% in the 2nd quarter. Global X Management Co. LLC now owns 5,481 shares of the business services provider’s stock worth $347,000 after purchasing an additional 798 shares in the last quarter. Trexquant Investment LP acquired a new stake in Vantiv in the 2nd quarter worth approximately $364,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Vantiv by 9.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 546,643 shares of the business services provider’s stock worth $34,625,000 after purchasing an additional 49,092 shares in the last quarter.
Vantiv, Inc. (NYSE:VNTV) traded down $1.20 during trading hours on Thursday, hitting $73.59. 2,459,100 shares of the stock traded hands, compared to its average volume of 1,993,823. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $13,294.52, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.58. Vantiv, Inc. has a 52-week low of $57.14 and a 52-week high of $76.22.
VNTV has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $78.00 target price on shares of Vantiv in a research note on Friday, October 13th. Cantor Fitzgerald reiterated a “buy” rating and issued a $74.00 target price on shares of Vantiv in a research note on Thursday, October 26th. KeyCorp reiterated a “buy” rating and issued a $80.00 target price on shares of Vantiv in a research note on Friday, September 1st. BidaskClub cut shares of Vantiv from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Bank of America initiated coverage on shares of Vantiv in a research report on Tuesday, September 12th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.00.
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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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