S&T Bank PA Has $8.38 Million Stake in Vantiv, Inc. (VNTV)
S&T Bank PA increased its holdings in Vantiv, Inc. (NYSE:VNTV) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,296 shares of the business services provider’s stock after acquiring an additional 2,366 shares during the quarter. S&T Bank PA owned approximately 0.08% of Vantiv worth $8,380,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. acquired a new stake in Vantiv in the second quarter valued at $204,000. Great Lakes Advisors LLC boosted its stake in Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares during the last quarter. Profund Advisors LLC bought a new position in Vantiv during the 2nd quarter valued at $204,000. Pacer Advisors Inc. grew its holdings in Vantiv by 119.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new position in Vantiv during the 2nd quarter worth $211,000. Institutional investors and hedge funds own 80.16% of the company’s stock.
Shares of Vantiv, Inc. (NYSE VNTV) traded up 0.70% during midday trading on Wednesday, hitting $70.85. 1,229,836 shares of the company were exchanged. Vantiv, Inc. has a one year low of $54.38 and a one year high of $73.14. The firm has a market cap of $11.43 billion, a P/E ratio of 59.89 and a beta of 0.61. The company’s 50 day moving average price is $71.57 and its 200 day moving average price is $65.42.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $530.00 million during the quarter, compared to analyst estimates of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. Equities analysts expect that Vantiv, Inc. will post $3.35 EPS for the current year.
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Several research analysts have recently commented on VNTV shares. Keefe, Bruyette & Woods set a $82.00 target price on Vantiv and gave the stock a “buy” rating in a research report on Sunday, August 13th. Buckingham Research initiated coverage on Vantiv in a research report on Monday. They set a “neutral” rating and a $78.00 price target on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $64.00 price target on shares of Vantiv in a research report on Thursday, August 10th. Robert W. Baird restated an “outperform” rating and set a $80.00 price objective (up from $72.00) on shares of Vantiv in a research note on Thursday, August 10th. Finally, Citigroup Inc. raised their price objective on Vantiv from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $75.58.
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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