Goldman Sachs Group Inc. Decreases Holdings in Univest Corporation of Pennsylvania $UVSP

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Univest Corporation of Pennsylvania by 16.4% in Q1, now owning about $6.36 million worth of shares.
• Univest Corporation recently reported $0.69 earnings per share for the quarter, surpassing analysts' expectations of $0.64.
• The company announced a quarterly dividend of $0.22 per share, resulting in an annualized dividend yield of 2.9%.

Goldman Sachs Group Inc. lessened its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 16.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,241 shares of the financial services provider's stock after selling 44,091 shares during the period. Goldman Sachs Group Inc. owned 0.78% of Univest Corporation of Pennsylvania worth $6,359,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 545.3% during the 1st 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 during the period. PNC Financial Services Group Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock valued at $167,000 after acquiring an additional 1,076 shares during the period. XTX Topco Ltd acquired a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter valued at $221,000. Ieq Capital LLC acquired a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter valued at $229,000. Finally, ProShare Advisors LLC acquired a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter valued at $240,000. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Stock Down 1.0%

Shares of Univest Corporation of Pennsylvania stock traded down $0.32 during trading on Friday, reaching $31.30. 68,319 shares of the company traded hands, compared to its average volume of 110,603. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 1-year low of $22.83 and a 1-year high of $32.86. The company has a 50 day moving average price of $30.56 and a 200-day moving average price of $29.67. The firm has a market capitalization of $901.61 million, a PE ratio of 11.42 and a beta of 0.77.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. The firm had revenue of $81.04 million for the quarter, compared to the consensus estimate of $79.50 million. As a group, equities research analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the company's stock in a transaction 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 transaction, the director owned 50,193 shares in the company, valued at approximately $1,593,627.75. This 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 hyperlink. Insiders own 1.70% of the company's stock.

About Univest Corporation of Pennsylvania

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.