Sei Investments Co. Boosts Position in Univest Co. of Pennsylvania (UVSP)

Sei Investments Co. raised its stake in shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) by 34.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,939 shares of the financial services provider’s stock after buying an additional 6,656 shares during the quarter. Sei Investments Co. owned about 0.09% of Univest Co. of Pennsylvania worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in UVSP. Wells Fargo & Company MN increased its holdings in shares of Univest Co. of Pennsylvania by 15.8% during the first quarter. Wells Fargo & Company MN now owns 176,458 shares of the financial services provider’s stock worth $4,888,000 after buying an additional 24,134 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Univest Co. of Pennsylvania during the first quarter worth approximately $222,000. Prudential Financial Inc. increased its holdings in shares of Univest Co. of Pennsylvania by 222.8% during the first quarter. Prudential Financial Inc. now owns 32,571 shares of the financial services provider’s stock worth $902,000 after buying an additional 22,480 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Univest Co. of Pennsylvania by 15.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 147,050 shares of the financial services provider’s stock worth $4,074,000 after buying an additional 19,728 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Univest Co. of Pennsylvania during the first quarter worth approximately $216,000. 66.53% of the stock is owned by institutional investors and hedge funds.

UVSP has been the subject of several recent analyst reports. ValuEngine raised shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Finally, BidaskClub raised shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.33.

Shares of NASDAQ UVSP traded down $0.15 during midday trading on Friday, reaching $26.13. 70,226 shares of the stock were exchanged, compared to its average volume of 105,435. The stock has a market cap of $777.73 million, a price-to-earnings ratio of 15.55 and a beta of 0.55. Univest Co. of Pennsylvania has a 12 month low of $25.89 and a 12 month high of $32.20. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.41.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.20 million. Univest Co. of Pennsylvania had a net margin of 16.54% and a return on equity of 7.74%. On average, research analysts anticipate that Univest Co. of Pennsylvania will post 1.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Wednesday, September 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.06%. Univest Co. of Pennsylvania’s dividend payout ratio is 47.62%.

Univest Co. of Pennsylvania Company Profile

Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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Institutional Ownership by Quarter for Univest Co. of Pennsylvania (NASDAQ:UVSP)

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