SELECT * FROM future.stocks WHERE name like '%provident financial%' LIMIT 1; How To Buy Provident Financial Shares ? - Grow Your Financial Portfolio

How To Buy Provident Financial Shares

You can buy Provident Financial shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Provident Financial shares with a broker like eToro or you can trade Provident Financial CFDs with XTB you can begin trading Provident Financial shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Provident Financial stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro XTB FP Markets City Index Trading212 Plus500
Rating
Used By 12,000,000+ 250,000+ 10,000+ 14,000+ 14,000,000+ 15,500+
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Scroll down to read our indepth article on How To Buy Provident Financial Shares. What you should know, Types of trading Provident Financial Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Provident Financial Shares Table of Contents

Provident Financial Financial Details

Financial Details

Provident Financial Stock symbol PFG
Provident Financial Sector and Industry Financials Specialty Finance
Provident Financial Exchange LSE - London Stock Exchange
52 Week High $636.2
52 Week Low $348.7
Provident Financial Market Capitalisation $14,770,440,422.00
Provident Financial Average Volume 1,148,754.00
Provident Financial PE 11.33
Provident Financial EPS 4.72
Stock Currency USD

Overview of Provident Financial

Provident Financial is an British Financials Specialty Finance company currently traded on the LSE which fully known as the London Stock Exchange.

Provident Financial trades under the stock symbol PFG on the LSE.

Provident Financial shares are exchanged in USD on the LSE.

Provident Financial has a current share price of $465.50 USD dated 31/01/2020.

The highest Provident Financial share price over the last 52 weeks was $636.2 USD and its lowest price over the last 52 weeks was $348.7 USD. That is a 52 week price range of $348.7 - $636.2.

Provident Financial Trading Volume and PE

Provident Financial currently has 276,600,000.00 active shares in circulation traded through the LSE exchange.

Provident Financial market capitalization is $14,770,440,422.00 with an average daily trading volume of 1,148,754.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Provident Financial has a Price Earning Ratio ( PE ) of 11.33 and earning per share ( EPS ) of 4.72. Generally speaking Provident Financial having a high P/E ratio means that Provident Financial investors forsee increased growth with Provident Financial in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Provident Financial earnings per share is Disney company profit that's allocated to every Provident Financial common stock. Earnings per share is calculated by taking the difference between Provident Financial's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Provident Financial shares outstanding.

Provident Financial Financial Charts

Financial Details

Provident Financial Information

Provident Financial Location & Contact Information

Address No 1 Godwin Street Bradford, BD1 2SU United Kingdom
Phone Number 44-1274-351-351
Website URL www.providentfinancial.com

Provident Financial Executives and Board Members

Chief Executive Officer Malcolm John Le May
Chief Finance Officer Neeraj Kapur
Chief Financial Officer Simon George Thomas
Provident Financial Board Member Patrick J R Snowball
Provident Financial Board Member Elizabeth G Chambers
Provident Financial Board Member Malcolm John Le May

How To Buy Provident Financial Shares Guide

Buying Provident Financial Stocks and CFDs

When investing in Provident Financial you have several options as to what type of investment you wish to conduct. You can buy traditional Provident Financial shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Provident Financial shares with stock brokers and trading Provident Financial with CFDs below.

Provident Financial CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Provident Financial stock.

If you buy Provident Financial shares with a stock broker you actually own a share of Provident Financial. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Provident Financial price will change up or down.

Lets explain why you would buy Provident Financial as a CFD instead of as a share.

If you went and brought 100 Provident Financial shares at $100 a share with a stock broker you own $1000 of Provident Financial.

The main difference when trading Provident Financial as a CFD and buying Provident Financial as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Provident Financial you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Provident Financial. Trading an Provident Financial CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Provident Financial CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Provident Financial share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

An Provident Financial CFD long would be hoping to profit from a rise in the Provident Financial share price. An Provident Financial CFD short would be aiming to profit from a fall in the Provident Financial stock price. Trading CFDs allows traders to profit from both directions of the Provident Financial price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Provident Financial shares you can only profit from a rise in the Provident Financial stock price.

Provident Financial CFD and Stock Market Times

When trading in traditional Provident Financial shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Provident Financial Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Provident Financial stock. This limits your risk to your initial amount invested in Provident Financial. You can only lose the amount invested with traditional Provident Financial shares. Another benefit of buying Provident Financial shares with a broker is that you may be eligible to receive Provident Financial company dividends if applicable.

If you Invest in Provident Financial via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Provident Financial. If you buy Provident Financial stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Provident Financial benefits as in owning a certain amount of stock for a set period.

If you own shares in Provident Financial you may be eligible to voting rights at Provident Financial shareholder general meetings.

Provident Financial Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Provident Financial Stocks and shares are only exempt from tax if the Provident Financial shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Provident Financial Stocks and Shares or Provident Financial CFDs?

There are pros and cons to trading in both Provident Financial Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Provident Financial stocks and shares is better suited for long term investments. Historically Provident Financial shares provide better returns over the long term, usually a 10 year period.

Provident Financial CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Provident Financial share investors aim to profit on the fluctuating highs and lows of the Provident Financial price throughout the day. Day trading as you can imagine focuses on profiting from the daily Provident Financial stock price change.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Provident Financial stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Provident Financial share price for example to a known amount.

Example Cost of Buying Provident Financial as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Provident Financial CFD trade example Provident Financial Share deal example
Market price $465.50 $465.50
Broker Deal Invest $93.1 at 1:5 Margin (20%) Buy at $465.50 a share
Deal size 100 shares 100 shares
Initial outlay

$9310

(Margin = exposure x 20% margin factor)

$46550

(100 shares at $465.50)
Stamp duty No £20
Close price Sell at $558.6 Sell at $558.6
Estimated Profit

(93.1 point increase x 100 shares = $9310)

*Not including commission fees and taxes

($55860 - $46550 = $9310)

*Not including commission fees and taxes
Trade Provident Financial CFDs now with XTB Trade Provident Financial Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Provident Financial shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Provident Financial.