Northern Trust Corp Trims Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Key Points

• Northern Trust Corp reduced its stake in Univest Corporation, selling 9,299 shares, resulting in ownership of 329,991 shares valued at approximately $9.36 million.
• Shares of Univest Corporation recently traded down by 2.3%, opening at $31.18, with a market cap of $898.30 million and a dividend yield of 2.8%.
• The company reported earnings of $0.69 per share for its last quarterly earnings, surpassing expectations and forecasting a projected EPS of 2.36 for the current fiscal year.

Northern Trust Corp decreased its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 2.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 329,991 shares of the financial services provider's stock after selling 9,299 shares during the period. Northern Trust Corp owned 1.14% of Univest Corporation of Pennsylvania worth $9,359,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its holdings in shares of Univest Corporation of Pennsylvania by 3.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 89,764 shares of the financial services provider's stock valued at $2,546,000 after acquiring an additional 2,692 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Univest Corporation of Pennsylvania by 8.0% in the 1st quarter. American Century Companies Inc. now owns 682,823 shares of the financial services provider's stock valued at $19,365,000 after acquiring an additional 50,469 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the 1st quarter valued at about $3,384,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Univest Corporation of Pennsylvania by 8.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,792 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider's stock valued at $48,077,000 after acquiring an additional 69,462 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ UVSP traded up $0.18 during trading hours on Monday, reaching $31.36. 117,825 shares of the stock traded hands, compared to its average volume of 98,695. The company has a market capitalization of $903.48 million, a P/E ratio of 11.45 and a beta of 0.77. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86. The company's 50-day simple moving average is $30.75 and its two-hundred day simple moving average is $29.61.

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

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, August 6th. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is currently 32.12%.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In other news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total value of $285,750.00. Following the sale, the director directly owned 50,193 shares in the company, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Company 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.