Legal & General Group Plc lowered its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,942 shares of the financial services provider’s stock after selling 77 shares during the period. Legal & General Group Plc’s holdings in Univest Corporation of Pennsylvania were worth $155,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of UVSP. AQR Capital Management LLC bought a new position in Univest Corporation of Pennsylvania during the fourth quarter worth approximately $501,000. First Manhattan Co. increased its position in Univest Corporation of Pennsylvania by 7.2% in the first quarter. First Manhattan Co. now owns 59,642 shares of the financial services provider’s stock worth $1,393,000 after buying an additional 3,997 shares during the period. Nationwide Fund Advisors increased its position in Univest Corporation of Pennsylvania by 71.6% in the first quarter. Nationwide Fund Advisors now owns 60,828 shares of the financial services provider’s stock worth $1,575,000 after buying an additional 25,372 shares during the period. FMR LLC increased its position in Univest Corporation of Pennsylvania by 104.8% in the first quarter. FMR LLC now owns 835,172 shares of the financial services provider’s stock worth $21,631,000 after buying an additional 427,338 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Univest Corporation of Pennsylvania during the first quarter worth approximately $408,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.
Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) remained flat at $29.90 during mid-day trading on Tuesday. The company’s stock had a trading volume of 5,388 shares. The company has a market capitalization of $797.25 million, a P/E ratio of 26.96 and a beta of 0.69. Univest Corporation of Pennsylvania has a one year low of $21.71 and a one year high of $31.50. The stock has a 50 day moving average price of $30.02 and a 200 day moving average price of $28.62.
Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.04%. The firm had revenue of $51.31 million for the quarter. On average, equities research analysts expect that Univest Corporation of Pennsylvania will post $1.77 EPS for the current fiscal year.
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UVSP has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a research note on Thursday, July 27th. Finally, BidaskClub downgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.62% of the stock is owned by insiders.
About Univest Corporation of Pennsylvania
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.
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