Sei Investments Co. Boosts Stake in Univest Corporation of Pennsylvania $UVSP

Sei Investments Co. lifted its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,772 shares of the financial services provider’s stock after purchasing an additional 29,247 shares during the quarter. Sei Investments Co.’s holdings in Univest Corporation of Pennsylvania were worth $9,311,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Univest Corporation of Pennsylvania by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock valued at $487,000 after buying an additional 703 shares during the last quarter. Empowered Funds LLC grew its position in shares of Univest Corporation of Pennsylvania by 4.2% during the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock worth $2,907,000 after acquiring an additional 4,087 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth approximately $1,467,000. Geneos Wealth Management Inc. increased its holdings in shares of Univest Corporation of Pennsylvania by 545.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,252 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Univest Corporation of Pennsylvania by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 30,612 shares of the financial services provider’s stock valued at $920,000 after acquiring an additional 2,291 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock opened at $44.24 on Friday. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $42.67 and a 200-day simple moving average of $37.89. The stock has a market capitalization of $1.22 billion, a PE ratio of 12.79 and a beta of 0.66.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%.The company had revenue of $89.59 million for the quarter, compared to analyst estimates of $86.66 million. Equities analysts predict that Univest Corporation of Pennsylvania will post 3.67 earnings per share for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 26.59%.

Insider Transactions at Univest Corporation of Pennsylvania

In other news, CEO Jeffrey M. Schweitzer sold 13,933 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.91, for a total value of $569,999.03. Following the completion of the sale, the chief executive officer owned 110,513 shares in the company, valued at approximately $4,521,086.83. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian J. Richardson sold 2,090 shares of Univest Corporation of Pennsylvania stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.90, for a total transaction of $85,481.00. Following the completion of the sale, the chief financial officer directly owned 24,228 shares in the company, valued at approximately $990,925.20. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,268 shares of company stock worth $935,934. Company insiders own 1.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $40.50.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.