Global Retirement Partners LLC Takes $631,000 Position in Univest Corporation of Pennsylvania $UVSP

Global Retirement Partners LLC bought a new stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) in the 4th quarter, HoldingsChannel reports. The fund bought 19,262 shares of the financial services provider’s stock, valued at approximately $631,000.

Several other institutional investors also recently bought and sold shares of UVSP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 703 shares in the last quarter. Empowered Funds LLC boosted its stake in Univest Corporation of Pennsylvania by 4.2% in the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock valued at $2,907,000 after acquiring an additional 4,087 shares in the last quarter. Jane Street Group LLC acquired a new stake in Univest Corporation of Pennsylvania in the first quarter valued at approximately $1,467,000. Geneos Wealth Management Inc. boosted its stake in Univest Corporation of Pennsylvania by 545.3% in the first 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 in the last quarter. Finally, Legal & General Group Plc boosted its stake in Univest Corporation of Pennsylvania by 8.1% in the second 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 in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In other news, COO Michael S. Keim sold 7,245 shares of Univest Corporation of Pennsylvania stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $38.71, for a total transaction of $280,453.95. Following the completion of the sale, the chief operating officer directly owned 66,979 shares in the company, valued at approximately $2,592,757.09. The trade was a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Natalye Paquin sold 13,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the sale, the director owned 17,004 shares of the company’s stock, valued at $642,751.20. The trade was a 43.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.83% of the company’s stock.

Univest Corporation of Pennsylvania Trading Up 1.5%

NASDAQ:UVSP opened at $39.88 on Wednesday. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $40.03. The firm has a fifty day simple moving average of $36.60 and a 200-day simple moving average of $34.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.11 billion, a P/E ratio of 11.98 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. The business had revenue of $87.45 million during the quarter, compared to the consensus estimate of $84.85 million. On average, equities research analysts anticipate that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 6th. This is an increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. Univest Corporation of Pennsylvania’s payout ratio is presently 27.63%.

Analyst Upgrades and Downgrades

UVSP has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. Keefe, Bruyette & Woods raised their target price on shares of Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Univest Corporation of Pennsylvania presently has an average rating of “Hold” and a consensus price target of $37.00.

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.