Principal Financial Group Inc. Has $269,000 Position in Univest Corporation of Pennsylvania (UVSP)

Principal Financial Group Inc. maintained its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,367 shares of the financial services provider’s stock at the end of the first quarter. Principal Financial Group Inc.’s holdings in Univest Corporation of Pennsylvania were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Univest Corporation of Pennsylvania during the first quarter worth approximately $181,000. Guggenheim Capital LLC raised its stake in Univest Corporation of Pennsylvania by 8.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,673 shares of the financial services provider’s stock worth $361,000 after buying an additional 921 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Univest Corporation of Pennsylvania during the first quarter worth approximately $408,000. AQR Capital Management LLC bought a new stake in Univest Corporation of Pennsylvania during the fourth quarter worth approximately $501,000. Finally, Highbridge Capital Management LLC bought a new stake in Univest Corporation of Pennsylvania during the fourth quarter worth approximately $574,000. 61.78% of the stock is currently owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania (UVSP) opened at 29.70 on Friday. The company’s 50-day moving average price is $30.00 and its 200 day moving average price is $28.63. The stock has a market capitalization of $791.92 million, a P/E ratio of 26.78 and a beta of 0.69. Univest Corporation of Pennsylvania has a 52-week low of $21.90 and a 52-week high of $31.50.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Univest Corporation of Pennsylvania had a return on equity of 8.04% and a net margin of 13.95%. The business had revenue of $51.31 million for the quarter. On average, equities research analysts anticipate that Univest Corporation of Pennsylvania will post $1.77 earnings per share for the current year.

Several research firms recently weighed in on UVSP. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 target price on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. BidaskClub downgraded Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

In other news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.62% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.