California Public Employees Retirement System raised its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,700 shares of the financial services provider’s stock after buying an additional 200 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Univest Corporation of Pennsylvania worth $1,339,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in UVSP. SG Americas Securities LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the first quarter worth approximately $181,000. Guggenheim Capital LLC increased its stake in shares of Univest Corporation of Pennsylvania by 8.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,673 shares of the financial services provider’s stock worth $361,000 after buying an additional 921 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Univest Corporation of Pennsylvania during the first quarter worth approximately $408,000. AQR Capital Management LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter worth approximately $501,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter worth approximately $574,000. Institutional investors and hedge funds own 63.13% of the company’s stock.
Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) opened at 28.85 on Friday. The firm has a market cap of $769.26 million, a P/E ratio of 26.01 and a beta of 0.69. Univest Corporation of Pennsylvania has a 12 month low of $22.24 and a 12 month high of $31.50. The company has a 50-day moving average of $29.95 and a 200-day moving average of $28.63.
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A number of equities research analysts recently commented on UVSP shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Univest Corporation of Pennsylvania from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.
In other news, Director Michael L. Turner sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.62% of the stock is owned by insiders.
About Univest Corporation of Pennsylvania
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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