Vantiv Inc. (VNTV) Shares Sold by Creative Planning
Creative Planning decreased its stake in shares of Vantiv Inc. (NYSE:VNTV) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 24,445 shares of the company’s stock after selling 269 shares during the period. Creative Planning’s holdings in Vantiv were worth $1,376,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Global X Management Co. LLC raised its stake in shares of Vantiv by 153.5% in the second quarter. Global X Management Co. LLC now owns 1,972 shares of the company’s stock valued at $112,000 after buying an additional 1,194 shares in the last quarter. Robecosam AG raised its stake in shares of Vantiv by 68.9% in the second quarter. Robecosam AG now owns 2,500 shares of the company’s stock valued at $138,000 after buying an additional 1,020 shares in the last quarter. Dividend Assets Capital LLC purchased a new stake in shares of Vantiv during the second quarter valued at about $200,000. World Asset Management Inc purchased a new stake in shares of Vantiv during the second quarter valued at about $214,000. Finally, Invictus RG raised its stake in shares of Vantiv by 4,421.4% in the second quarter. Invictus RG now owns 3,798 shares of the company’s stock valued at $215,000 after buying an additional 3,714 shares in the last quarter. 81.33% of the stock is currently owned by institutional investors.
Shares of Vantiv Inc. (NYSE:VNTV) traded down 1.22% during mid-day trading on Monday, hitting $58.18. The stock had a trading volume of 1,055,302 shares. The firm has a market cap of $9.06 billion, a PE ratio of 43.13 and a beta of 0.57. The stock has a 50 day moving average price of $57.87 and a 200 day moving average price of $55.66. Vantiv Inc. has a 52 week low of $42.01 and a 52 week high of $60.25.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. Vantiv had a return on equity of 36.18% and a net margin of 6.22%. The company earned $491 million during the quarter, compared to analysts’ expectations of $472.89 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that Vantiv Inc. will post $2.70 EPS for the current fiscal year.
VNTV has been the subject of several analyst reports. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Thursday, October 6th. Susquehanna upgraded Vantiv from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $36.00 in a report on Thursday, August 25th. Jefferies Group restated a “buy” rating and issued a $65.00 target price on shares of Vantiv in a report on Tuesday, September 13th. Pacific Crest set a $62.00 target price on Vantiv and gave the stock a “buy” rating in a report on Thursday, September 15th. Finally, Wedbush initiated coverage on Vantiv in a report on Thursday, September 8th. They issued a “neutral” rating and a $60.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Vantiv has an average rating of “Buy” and an average target price of $57.37.
In related news, Director Third Bancorp Fifth sold 4,801,432 shares of Vantiv stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $59.02, for a total transaction of $283,380,516.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $58.90, for a total value of $684,535.80. Following the sale, the insider now directly owns 61,208 shares of the company’s stock, valued at $3,605,151.20. The disclosure for this sale can be found here. 1.32% of the stock is owned by insiders.
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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