Vanguard reports 6.58M-share stake in Provident (PFS) — 5.03% disclosed
Rhea-AI Filing Summary
Vanguard Capital Management filed a Schedule 13G reporting beneficial ownership of 6,579,666 shares of Provident Financial Services Inc common stock. The stake represents 5.03% of the class and Vanguard reports sole dispositive power over 6,579,666 shares and sole voting power over 970,732 shares as of 03/31/2026. The filing is signed April 30, 2026.
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Insights
Passive institutional holder reports a 5.03% stake with dispositive control.
Vanguard Capital Management reports beneficial ownership of 6,579,666 shares, equal to 5.03% of Provident Financial Services' common stock as of 03/31/2026. The filing indicates dispositive authority for trading decisions and partial voting control (970,732 shares).
As a Schedule 13G filing, this reflects passive or qualifying institutional ownership; subsequent filings would show any material changes in stake or voting intent.
Holder discloses voting and disposition powers; no activist intent stated.
The filing notes that Vanguard exercises dispositive power through multiple affiliated advisory entities and includes securities held for Vanguard funds and managed accounts. It also clarifies no single other person holds >5% of the reported securities.
Watch for Schedule 13D or Form 4 if voting intent or plans change; timing not specified here.