Schroder Investment Management Group Sells 22,773 Shares of Univest Co. of Pennsylvania (UVSP)

Schroder Investment Management Group lessened its holdings in Univest Co. of Pennsylvania (NASDAQ:UVSP) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 273,094 shares of the financial services provider’s stock after selling 22,773 shares during the period. Schroder Investment Management Group owned about 0.93% of Univest Co. of Pennsylvania worth $7,606,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UVSP. Metropolitan Life Insurance Co. NY raised its stake in Univest Co. of Pennsylvania by 25.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,704 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 2,144 shares during the period. JPMorgan Chase & Co. raised its stake in Univest Co. of Pennsylvania by 26.6% during the 1st quarter. JPMorgan Chase & Co. now owns 10,452 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 2,195 shares during the period. California Public Employees Retirement System raised its stake in Univest Co. of Pennsylvania by 7.4% during the 1st quarter. California Public Employees Retirement System now owns 34,886 shares of the financial services provider’s stock worth $966,000 after acquiring an additional 2,409 shares during the period. Citigroup Inc. raised its stake in Univest Co. of Pennsylvania by 40.8% during the 1st quarter. Citigroup Inc. now owns 8,665 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 2,513 shares during the period. Finally, California State Teachers Retirement System raised its stake in Univest Co. of Pennsylvania by 6.3% during the 1st quarter. California State Teachers Retirement System now owns 43,501 shares of the financial services provider’s stock worth $1,205,000 after acquiring an additional 2,572 shares during the period. Hedge funds and other institutional investors own 66.53% of the company’s stock.

A number of research firms have commented on UVSP. BidaskClub cut shares of Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Zacks Investment Research upgraded shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, ValuEngine cut shares of Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.33.

Univest Co. of Pennsylvania stock opened at $24.89 on Thursday. The company has a market cap of $777.73 million, a PE ratio of 14.82 and a beta of 0.55. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. Univest Co. of Pennsylvania has a 1 year low of $24.00 and a 1 year high of $32.20.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm 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%. As a group, analysts anticipate that Univest Co. of Pennsylvania will post 1.58 earnings per share for the current fiscal year.

The business also recently disclosed 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. This represents a $0.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, September 11th. Univest Co. of Pennsylvania’s payout ratio is currently 47.62%.

About Univest Co. of Pennsylvania

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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

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