Vanguard Owns 6.24% of Provident Financial (8.17M shares)
Provident Financial Services Inc reports that Vanguard Portfolio Management beneficially owns 8,168,133 shares of Common Stock, representing 6.24% of the class.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Provident Financial Services Inc reports that Vanguard Portfolio Management beneficially owns 8,168,133 shares of Common Stock, representing 6.24% of the class. The filing states Vanguard exercises sole dispositive power over the reported shares and sole voting power over 103,423 shares. The filing notes these holdings reflect securities held across Vanguard Portfolio Management LLC and specified affiliates.
Insights
Large passive holder reports a 6.24% stake in PFS.
Vanguard Portfolio Management reports beneficial ownership of 8,168,133 shares representing 6.24% of common stock, with sole dispositive power. The filing attributes holdings to Vanguard Portfolio Management LLC and named affiliates, including securities held for funds and managed accounts.
Cash‑flow treatment and any planned sales are not disclosed; subsequent filings would show disposition activity if it occurs.
Stake size may affect voting blocs but appears reported as passive.
The Schedule 13G format indicates passive reporting under the stated release; the filing lists sole voting power for 103,423 shares and dispositive power for 8,168,133 shares. The statement discloses aggregated client/fund holdings across Vanguard-related entities.
Monitor future amendments or a switch to 13D for activist intent; timing not stated here.
Key Figures
Key Terms
Schedule 13G regulatory
Beneficially owned financial
Dispositive power regulatory
Investment Company Act regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Vanguard report in Provident Financial Services (PFS)?
Does the Schedule 13G indicate Vanguard is an activist investor in PFS?
AI-generated analysis. How Rhea-AI works. Not financial advice.