Millennium Management LLC cut its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,297 shares of the financial services provider's stock after selling 9,794 shares during the period. Millennium Management LLC owned approximately 0.07% of Univest Financial worth $569,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Univest Financial by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider's stock worth $35,546,000 after purchasing an additional 75,964 shares during the period. American Century Companies Inc. lifted its holdings in shares of Univest Financial by 12.7% in the fourth quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider's stock valued at $18,661,000 after purchasing an additional 71,265 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Univest Financial by 189.8% during the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock worth $11,759,000 after acquiring an additional 260,990 shares during the last quarter. Northern Trust Corp increased its stake in Univest Financial by 2.8% in the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock valued at $10,012,000 after buying an additional 9,184 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Univest Financial by 1.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 239,059 shares of the financial services provider's stock valued at $7,055,000 after buying an additional 3,769 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.
Univest Financial Stock Performance
UVSP traded down $0.09 during trading hours on Thursday, reaching $29.87. The company's stock had a trading volume of 104,318 shares, compared to its average volume of 108,696. The firm has a market cap of $862.65 million, a PE ratio of 11.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50-day moving average is $28.97 and its 200-day moving average is $29.60. Univest Financial Co. has a 52 week low of $20.76 and a 52 week high of $32.75.
Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. On average, equities analysts forecast that Univest Financial Co. will post 2.36 EPS for the current year.
Univest Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This is a positive change from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.95%. Univest Financial's payout ratio is 32.96%.
Insiders Place Their Bets
In other Univest Financial news, Director Anne Vazquez bought 1,250 shares of Univest Financial stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $28.63 per share, with a total value of $35,787.50. Following the completion of the acquisition, the director now directly owns 6,250 shares in the company, valued at approximately $178,937.50. The trade was a 25.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.
About Univest Financial
(
Free Report)
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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