Schwab Charles Investment Management Inc. raised its stake in shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) by 10.2% during the third quarter, HoldingsChannel reports. The firm owned 120,181 shares of the financial services provider’s stock after purchasing an additional 11,140 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Univest Co. of Pennsylvania were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Voya Investment Management LLC increased its stake in Univest Co. of Pennsylvania by 7.9% during the 2nd quarter. Voya Investment Management LLC now owns 16,139 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 1,179 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Univest Co. of Pennsylvania by 30.2% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 7,070 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 1,640 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Univest Co. of Pennsylvania by 2.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,022 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 2,179 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Univest Co. of Pennsylvania by 518.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,195 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Univest Co. of Pennsylvania by 13.6% during the 2nd quarter. New York State Common Retirement Fund now owns 29,169 shares of the financial services provider’s stock valued at $874,000 after purchasing an additional 3,499 shares in the last quarter. Institutional investors and hedge funds own 58.15% of the company’s stock.

A number of research analysts have issued reports on UVSP shares. Piper Jaffray Companies restated a “buy” rating and set a $33.00 price target on shares of Univest Co. of Pennsylvania in a research note on Friday, October 27th. ValuEngine upgraded shares of Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Sandler O’Neill lowered shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Monday, September 25th. BidaskClub lowered shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of Univest Co. of Pennsylvania in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.33.

Shares of Univest Co. of Pennsylvania (NASDAQ UVSP) opened at $28.55 on Friday. The company has a market cap of $833.30, a price-to-earnings ratio of 18.78 and a beta of 0.60. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. Univest Co. of Pennsylvania has a twelve month low of $25.65 and a twelve month high of $32.35.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The business had revenue of $51.00 million during the quarter. Univest Co. of Pennsylvania had a net margin of 18.71% and a return on equity of 8.35%. sell-side analysts predict that Univest Co. of Pennsylvania will post 1.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, December 15th. Univest Co. of Pennsylvania’s dividend payout ratio (DPR) is currently 52.63%.

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Univest Co. of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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

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