Vantiv, Inc. (VNTV) Stake Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 15.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,000 shares of the business services provider’s stock after selling 171,936 shares during the quarter. Wells Fargo & Company MN owned approximately 0.51% of Vantiv worth $64,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VNTV. Toronto Dominion Bank lifted its stake in Vantiv by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after purchasing an additional 217 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Vantiv by 404.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares during the last quarter. Dai Ichi Life Insurance Company Ltd bought a new position in Vantiv during the third quarter worth $204,000. S&CO Inc. bought a new position in Vantiv during the third quarter worth $222,000. Finally, Great Lakes Advisors LLC lifted its stake in Vantiv by 1.5% during the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares during the last quarter.

Several equities analysts recently issued reports on VNTV shares. Nomura raised their price objective on Vantiv from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Cantor Fitzgerald restated a “buy” rating and set a $74.00 price objective on shares of Vantiv in a research note on Thursday, October 26th. Keefe, Bruyette & Woods set a $82.00 price objective on Vantiv and gave the stock a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank raised their price objective on Vantiv to $82.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BidaskClub cut Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Vantiv presently has a consensus rating of “Buy” and an average price target of $77.12.

Shares of Vantiv, Inc. (NYSE:VNTV) traded up $0.94 on Friday, hitting $72.86. The stock had a trading volume of 1,957,000 shares, compared to its average volume of 1,987,533. The firm has a market capitalization of $12,784.35, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.58. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. Vantiv, Inc. has a 52 week low of $56.64 and a 52 week high of $76.22.

Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. research analysts expect that Vantiv, Inc. will post 3.16 earnings per share for the current fiscal year.

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About Vantiv

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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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