Allianz Asset Management GmbH Buys 9,021 Shares of Univest Corporation of Pennsylvania $UVSP

Key Points

• Allianz Asset Management GmbH increased its stake in Univest Corporation of Pennsylvania (NASDAQ: UVSP) by 5.2%, acquiring an additional 9,021 shares, bringing its total holdings to 183,652 shares valued at approximately $5.5 million.
• Univest Corporation recently declared a quarterly dividend of $0.22 per share, which will be paid on November 13th, representing an annualized dividend yield of 2.9%.
• The stock has received a consensus rating of "Hold" from analysts, with a price target set at $29.00, following a "buy" rating from Weiss Ratings.

Allianz Asset Management GmbH grew its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,652 shares of the financial services provider's stock after purchasing an additional 9,021 shares during the period. Allianz Asset Management GmbH owned about 0.64% of Univest Corporation of Pennsylvania worth $5,517,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Apexium Financial LP lifted its stake in shares of Univest Corporation of Pennsylvania by 3.4% in the first quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider's stock valued at $435,000 after buying an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock worth $487,000 after acquiring an additional 703 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Univest Corporation of Pennsylvania by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock worth $277,000 after acquiring an additional 903 shares during the period. CWM LLC grew its holdings in shares of Univest Corporation of Pennsylvania by 11.5% during the 2nd quarter. CWM LLC now owns 9,804 shares of the financial services provider's stock worth $295,000 after purchasing an additional 1,010 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Univest Corporation of Pennsylvania by 22.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock valued at $167,000 after purchasing an additional 1,076 shares during the period. Institutional investors and hedge funds own 75.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania presently has a consensus rating of "Hold" and a consensus price target of $29.00.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In other news, Director Thomas M. Petro sold 9,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the completion of the sale, the director owned 50,193 shares of the company's stock, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Trading Up 1.3%

UVSP stock opened at $29.84 on Thursday. Univest Corporation of Pennsylvania has a 1-year low of $22.83 and a 1-year high of $32.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $30.47 and its 200-day moving average is $29.90. The firm has a market cap of $859.69 million, a P/E ratio of 10.89 and a beta of 0.72.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 EPS for the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%.The business had revenue of $62.30 million for the quarter. Equities analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 3rd. Univest Corporation of Pennsylvania's dividend payout ratio is currently 32.12%.

Univest Corporation of Pennsylvania Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.

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