The Vantiv, Inc. (VNTV) Stake Decreased by Brown Brothers Harriman & Co.

The Vantiv, Inc. (VNTV) Stake Decreased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its stake in Vantiv, Inc. (NYSE:VNTV) by 48.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,824 shares of the company’s stock after selling 6,406 shares during the period. Brown Brothers Harriman & Co.’s holdings in Vantiv were worth $384,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VNTV. Bbva Compass Bancshares Inc. increased its position in Vantiv by 81.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 26,967 shares of the company’s stock valued at $1,527,000 after buying an additional 12,097 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in Vantiv by 18.4% in the second quarter. Tocqueville Asset Management L.P. now owns 25,705 shares of the company’s stock valued at $1,455,000 after buying an additional 3,991 shares during the last quarter. Nordea Investment Management AB increased its position in Vantiv by 31.9% in the second quarter. Nordea Investment Management AB now owns 17,142 shares of the company’s stock valued at $970,000 after buying an additional 4,150 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Vantiv by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 465,991 shares of the company’s stock valued at $26,375,000 after buying an additional 14,880 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Vantiv during the second quarter valued at approximately $1,002,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Shares of Vantiv, Inc. (NYSE:VNTV) traded up 0.18% during mid-day trading on Wednesday, reaching $62.54. The company’s stock had a trading volume of 558,889 shares. The company’s 50-day moving average is $59.13 and its 200-day moving average is $57.04. Vantiv, Inc. has a 52 week low of $42.01 and a 52 week high of $62.77. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 46.36 and a beta of 0.54.

Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Vantiv had a return on equity of 36.18% and a net margin of 6.22%. The business had revenue of $491 million for the quarter, compared to analyst estimates of $472.89 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Equities analysts predict that Vantiv, Inc. will post $2.70 EPS for the current year.

VNTV has been the topic of several research reports. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, October 6th. Craig Hallum initiated coverage on Vantiv in a report on Friday, January 6th. They set a “buy” rating on the stock. BMO Capital Markets initiated coverage on Vantiv in a report on Thursday, January 5th. They set a “market perform” rating and a $69.00 price objective on the stock. Finally, Guggenheim initiated coverage on Vantiv in a report on Monday, December 19th. They set a “neutral” rating on the stock. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Vantiv has a consensus rating of “Buy” and an average target price of $58.78.

In other news, Director Third Bancorp Fifth sold 4,801,432 shares of the company’s stock in a transaction 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 document filed with the SEC, which is accessible through this link. Also, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction on Monday, December 19th. 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 49,786 shares in the company, valued at approximately $2,932,395.40. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

About Vantiv

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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