Exploring Provident Financial Services, Inc. (PFS) Investor Profile: Who’s Buying and Why?

Exploring Provident Financial Services, Inc. (PFS) Investor Profile: Who’s Buying and Why?

US | Financial Services | Banks - Regional | NYSE

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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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