November 23, 2016 - By Dolores Ford
As published in a form that’s submitted to the Security and Exchange Commission on November 22, 2016, Fifth Third Bancorp an insider in Vantiv Inc, sold shares worth $283,380,517 U.S Dollars in the public firm. Fifth Third Bancorp disposed 4,801,432 new shares, at average $59.0 per share.
Out of 20 analysts covering Vantiv Inc (NYSE:VNTV), 11 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 55% are positive. $63 is the highest target while $36.0 is the lowest. The $54.94 average target is -6.42% below today’s ($58.71) stock price. Vantiv Inc has been the topic of 33 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Topeka Capital Markets downgraded it to “Hold” rating and $52 target price in Thursday, October 29 report. The stock of Vantiv Inc (NYSE:VNTV) has “Outperform” rating given on Tuesday, April 19 by William Blair. The firm earned “Buy” rating on Friday, January 8 by Suntrust Robinson. On Thursday, March 24 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The rating was upgraded by Susquehanna to “Positive” on Thursday, January 28. Nomura maintained the shares of VNTV in a report on Tuesday, August 2 with “Buy” rating. Compass Point initiated the stock with “Neutral” rating in Friday, April 15 report. The rating was downgraded by Barclays Capital on Friday, July 29 to “Equal-Weight”. Zacks downgraded the stock to “Hold” rating in Tuesday, September 8 report. The stock of Vantiv Inc (NYSE:VNTV) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets.
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.23, from 1.11 in 2016Q1. The ratio turned negative, as 35 funds sold all Vantiv Inc shares owned while 124 reduced positions. 49 funds bought stakes while 128 increased positions. They now own 147.19 million shares or 0.38% less from 147.75 million shares in 2016Q1.
Swiss National Bank has invested 0.04% of its portfolio in Vantiv Inc (NYSE:VNTV). Navellier & has 302,228 shares for 2.55% of their US portfolio. First Personal Fin has invested 0% of its portfolio in Vantiv Inc (NYSE:VNTV). The Colorado-based Asset Mgmt has invested 0.05% in Vantiv Inc (NYSE:VNTV). Glg Ltd Limited Liability Company accumulated 7,949 shares or 0.03% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 34,108 shares or 0.03% of its portfolio. Morgan Stanley has 1.96M shares for 0.04% of their US portfolio. Pioneer Invest Mgmt Incorporated owns 200,274 shares or 0.04% of their US portfolio. Natixis Asset Mngmt owns 10,232 shares or 0.06% of their US portfolio. Alyeska Inv Grp Lp, a Illinois-based fund reported 417,209 shares. South Texas Money Mgmt Ltd holds 1.63% of its portfolio in Vantiv Inc (NYSE:VNTV) for 511,341 shares. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.03% in Vantiv Inc (NYSE:VNTV). Massachusetts Financial Company Ma has 0.02% invested in the company for 866,502 shares. The United Kingdom-based Ardevora Asset Mgmt Ltd Liability Partnership has invested 1.01% in Vantiv Inc (NYSE:VNTV). Employees Retirement System Of Texas holds 0.05% of its portfolio in Vantiv Inc (NYSE:VNTV) for 70,000 shares.
Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 6 selling transactions for $16.54 million net activity. 11,622 shares were sold by TAYLOR MATT, worth $684,536. 2,188 shares were sold by Thompson Christopher A, worth $117,919 on Friday, July 29. $264,344 worth of Vantiv Inc (NYSE:VNTV) was sold by Drucker Charles.
The stock decreased 1.71% or $1.02 during the last trading session, hitting $58.71. About 2.68 million shares traded hands or 114.40% up from the average. Vantiv Inc (NYSE:VNTV) has risen 8.32% since April 21, 2016 and is uptrending. It has outperformed by 2.99% the S&P500.
Vantiv, Inc. is a holding company. The company has a market cap of $11.31 billion. The Firm conducts its activities through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). It has a 53.66 P/E ratio. The Firm is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer.
According to Zacks Investment Research, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio.”
More notable recent Vantiv Inc (NYSE:VNTV) news were published by: Businesswire.com which released: “Fifth Third Bancorp Announces Net Exercise of Vantiv Warrant and Associated ..” on November 22, 2016, also Bizjournals.com with their article: “Vantiv to close Louisville facility; 200 layoffs planned” published on November 18, 2016, Prnewswire.com published: “Vantiv Unveils Two New Products at Money20/20: triPOS Mobile and triPOS Cloud” on October 24, 2016. More interesting news about Vantiv Inc (NYSE:VNTV) were released by: Prnewswire.com and their article: “Vantiv Announces Secondary Public Offering and Associated Repurchase of its ..” published on November 21, 2016 as well as Prnewswire.com‘s news article titled: “Vantiv Announces Agreement to Acquire Moneris Solutions USA” with publication date: November 10, 2016.
Vantiv, Inc. (Vantiv), incorporated on March 25, 2009, is a holding company. The Firm conducts its activities through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Firm is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Firm operates through two divisions: Merchant Services and Financial Institution Services. The Firm provides services to merchants and financial institutions. The Firm offers payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point-of-sale, e-commerce and mobile devices. The Company’s value-added services include security solutions and fraud management, information solutions, and interchange management. It also provides critical payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving, and network gateway and switching services.
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By Dolores Ford