Published: Thu, August 24, 2017
Money | By Armando Alvarado

Fisher Acquires 8 Shares of Provident Financial plc (PFG) Stock

Fisher Acquires 8 Shares of Provident Financial plc (PFG) Stock

The firm earned "Buy" rating on Thursday, February 4 by Craig Hallum. The stock has "Buy" rating by Independent Research on Tuesday, October 20. The company was upgraded on Wednesday, October 12 by Credit Suisse. The rating was upgraded by Landesbank on Tuesday, November 3 to "Buy".

Provident Financial is now the smallest firm in the FTSE 100, making it a likely candidate for deletion with the upcoming re-weight of the blue-chip index.

Sales are around £9 million per week less than the same period previous year. Da Davidson And holds 0.14% of its portfolio in Provident Financial plc (LON:PFG) for 107,748 shares. Another trade for 8,700 shares valued at $552,624 was made by Everett Nora Mary on Friday, June 2. Bauman James L had sold 14,616 shares worth $2.86 million on Thursday, May 11. Patten Group holds 0.01% of its portfolio in Airbus SE (EPA:AIR) for 850 shares.

Provident Financial plc is a United Kingdom-based non-standard lender. The company has market cap of 1.01 billion GBP.

Shares in the Group, which include Moneybarn and Satsuma alongside Vanquis, slumped by up to 75% upon the announcement. It has a 75.76 P/E ratio. Its segments include Vanquis Bank, CCD, Moneybarn and Central.

Investors sentiment decreased to 1.07 in 2016 Q4. Moreover, New Vernon Investment Management Llc has 3.96% invested in the company for 158,000 shares. 19 funds opened positions while 53 raised stakes. 199.53 million shares or 4.90% more from 190.20 million shares in 2016Q3 were reported. Glenmede Tru Company Na owns 797,097 shares or 0.25% of their U.S. portfolio. Utah Retirement reported 0.07% stake. Martingale Asset Ltd Partnership stated it has 21,503 shares. Catalyst Cap Advsr Lc holds 0.12% or 32,960 shares. Provident Financial plc has a 12-month low of GBX 426.60 and a 12-month high of GBX 3,402.27. Comerica Bancshares has 48,397 shares for 0.01% of their portfolio. (NYSE:LCI). Pinebridge Invests Limited Partnership has invested 0% of its portfolio in Lannett Company, Inc.

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About 2.12 million shares traded or 340.16% up from the average. Earnest Prtn Ltd Liability reported 0% of its portfolio in Provident Financial plc (LON:PFG). It has underperformed by 16.70% the S&P500.

Numerous investment brokers have in recent days changed their price targets on shares of Provident Financial (LON:PFG). Therefore 67% are positive. Canaccord Genuity reaffirmed a "buy" rating and issued a GBX 3,430 ($44.53) price objective on shares of Provident Financial plc in a research note on Thursday, June 22nd. Provident Financial PLC's 50-day moving average is 2,155.92GBX and its 200-day moving average is 2,757.07GBX.

The withdrawal of a dividend and resignation of a CEO at the same time as a profit warning could lead to further falls for the Provident Financial share price in the short run, which means I won't be buying the stock at the moment.

Provident Financial plc (LON:PFG)'s stock had its "sell" rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Tuesday. The company was maintained on Friday, June 24 by Shore Capital. The brokerage now has a "hold" rating on the stock. On Wednesday, August 23 the stock rating was downgraded by Deutsche Bank to "Neutral". The rating was maintained by JP Morgan with "Overweight" on Tuesday, August 25.

ILLEGAL ACTIVITY WARNING: "Provident Financial plc (PFG) Given "Under Review" Rating at Shore Capital" was originally published by StockNewsTimes and is the property of of StockNewsTimes. As per Wednesday, August 23, the company rating was downgraded by JP Morgan.

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