Vantiv, Inc. (VNTV) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,110 shares of the business services provider’s stock after selling 18,007 shares during the quarter. Westpac Banking Corp owned approximately 0.06% of Vantiv worth $6,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Vantiv by 3,456.0% in the 1st quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock valued at $676,710,000 after purchasing an additional 10,257,026 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Vantiv by 51.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock valued at $147,891,000 after purchasing an additional 797,144 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Vantiv by 1,901.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock valued at $50,668,000 after purchasing an additional 750,716 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Vantiv by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock valued at $822,504,000 after purchasing an additional 570,194 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Vantiv by 186.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 567,681 shares of the business services provider’s stock valued at $35,957,000 after purchasing an additional 369,442 shares in the last quarter. Institutional investors own 80.47% of the company’s stock.

Several research firms have recently commented on VNTV. Wedbush restated a “neutral” rating and issued a $65.00 price target (up previously from $60.00) on shares of Vantiv in a report on Tuesday, June 6th. Stifel Nicolaus restated a “hold” rating and issued a $66.00 price target on shares of Vantiv in a report on Thursday, June 1st. KeyCorp lowered shares of Vantiv to a “hold” rating in a report on Monday, June 12th. Deutsche Bank AG reiterated a “buy” rating and set a $72.00 price objective (up previously from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $77.00 price objective on shares of Vantiv in a research note on Thursday, August 24th. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.54.

Vantiv, Inc. (VNTV) traded down 0.04% during trading on Monday, hitting $72.24. 100,135 shares of the company traded hands. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 61.07 and a beta of 0.59. The company’s 50-day moving average is $68.58 and its 200 day moving average is $64.60. Vantiv, Inc. has a 52-week low of $52.50 and a 52-week high of $72.82.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, equities analysts anticipate that Vantiv, Inc. will post $3.35 earnings per share for the current 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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