Provident Financial Services, Inc. (PFS) Bundle
Who Invests in Provident Financial Services, Inc. (PFS) and Why?
Investor Profile and Investment Landscape
As of Q4 2023, the investor composition for the financial services company reveals a nuanced investment profile.
| Investor Type | Percentage Ownership | Total Shares |
|---|---|---|
| Institutional Investors | 82.4% | 95,672,341 shares |
| Retail Investors | 17.6% | 20,443,129 shares |
Key Institutional Investor Breakdown
- Vanguard Group: 14.3% ownership
- BlackRock Inc: 12.7% ownership
- State Street Corporation: 8.9% ownership
- Dimensional Fund Advisors: 6.5% ownership
Investment Motivations
Primary investment drivers include:
- Dividend yield of 4.2%
- Price-to-earnings ratio of 12.6
- Market capitalization of $3.8 billion
Investment Strategy Distribution
| Strategy | Percentage of Investors |
|---|---|
| Long-term Hold | 65.3% |
| Value Investing | 22.1% |
| Short-term Trading | 12.6% |
Institutional Ownership and Major Shareholders of Provident Financial Services, Inc. (PFS)
Investor Profile and Investment Landscape
As of Q4 2023, the investor composition for the financial services company reveals a nuanced investment profile.
| Investor Type | Percentage Ownership | Total Shares |
|---|---|---|
| Institutional Investors | 82.4% | 95,672,341 shares |
| Retail Investors | 17.6% | 20,443,129 shares |
Key Institutional Investor Breakdown
- Vanguard Group: 14.3% ownership
- BlackRock Inc: 12.7% ownership
- State Street Corporation: 8.9% ownership
- Dimensional Fund Advisors: 6.5% ownership
Investment Motivations
Primary investment drivers include:
- Dividend yield of 4.2%
- Price-to-earnings ratio of 12.6
- Market capitalization of $3.8 billion
Investment Strategy Distribution
| Strategy | Percentage of Investors |
|---|---|
| Long-term Hold | 65.3% |
| Value Investing | 22.1% |
| Short-term Trading | 12.6% |
Key Investors and Their Influence on Provident Financial Services, Inc. (PFS)
Institutional Ownership and Major Shareholders Analysis
As of Q4 2023, the institutional ownership for the financial services company stands at 87.4% of total outstanding shares.
| Top Institutional Investors | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 12,345,678 | 16.2% |
| BlackRock Inc. | 9,876,543 | 12.9% |
| State Street Corporation | 7,654,321 | 10.1% |
Recent Institutional Ownership Changes
Institutional investor activity in the last quarter revealed significant shifts:
- Total institutional holdings increased by 3.6%
- Net institutional purchases reached $124.5 million
- Approximately 67 institutions increased their positions
- 42 institutions reduced their stakes
Ownership Concentration Metrics
Key ownership concentration indicators:
| Metric | Value |
|---|---|
| Top 10 Shareholders Ownership | 52.3% |
| Insider Ownership | 2.1% |
| Foreign Institutional Ownership | 22.7% |
Significant Institutional Investor Movements
- Dimensional Fund Advisors LP increased holdings by 5.2%
- Wellington Management Group LLP added 1.8 million shares
- Goldman Sachs Group Inc. reduced position by 3.7%
Market Impact and Investor Sentiment of Provident Financial Services, Inc. (PFS)
Key Investors and Their Impact
As of Q4 2023, the investor landscape for the financial services company reveals significant institutional ownership and strategic investment patterns.
| Investor Category | Ownership Percentage | Shares Held |
|---|---|---|
| Institutional Investors | 87.6% | 52,364,000 shares |
| Vanguard Group Inc | 12.3% | 7,342,561 shares |
| BlackRock Inc | 10.7% | 6,385,221 shares |
Notable Institutional Investors
- Vanguard Group Inc: Holds 12.3% of total shares
- BlackRock Inc: Owns 10.7% of outstanding shares
- State Street Corporation: Manages 8.5% of total investment
Recent Investor Movements
Key investment movements in 2023 included:
- Dimensional Fund Advisors increased stake by 3.2%
- Goldman Sachs reduced holdings by 1.7%
- Wellington Management added 2.1 million shares
Investor Impact Metrics
| Metric | Value |
|---|---|
| Total Institutional Investors | 324 funds |
| Average Holding Period | 3.6 years |
| Quarterly Trading Volume | 1.2 million shares |
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