293,001 Shares in Pitney Bowes Inc. $PBI Purchased by Legal & General Group Plc

Key Points

• Legal & General Group Plc purchased 293,001 Pitney Bowes shares worth approximately $5.1 million in the second quarter, while institutional investors collectively own 67.88% of the company.
• Pitney Bowes reported quarterly EPS of $0.43, exceeding the $0.34 consensus estimate, though revenue fell 2.4% year over year to $451.5 million. The company reaffirmed fiscal 2026 EPS guidance of $1.55–$1.70.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $18.45. However, insiders sold 2.42 million shares worth about $42.4 million over the past three months.

Legal & General Group Plc bought a new stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 293,001 shares of the technology company's stock, valued at approximately $5,133,000. Legal & General Group Plc owned 0.21% of Pitney Bowes at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PBI. The Manufacturers Life Insurance Company purchased a new stake in Pitney Bowes during the 2nd quarter valued at approximately $1,293,000. Whalen Wealth Management Inc. purchased a new position in shares of Pitney Bowes in the second quarter worth $526,000. Trail Ridge Investment Advisors LLC bought a new position in shares of Pitney Bowes during the second quarter worth $379,000. Algert Global LLC purchased a new position in Pitney Bowes during the second quarter valued at $915,000. Finally, Cibc World Market Inc. purchased a new position in Pitney Bowes during the second quarter valued at $14,028,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Trading Up 0.9%

Shares of NYSE PBI opened at $17.55 on Friday. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The firm's 50-day moving average price is $17.41 and its 200-day moving average price is $14.90. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.70 and a beta of 1.64.

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm's revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes's payout ratio is currently 32.79%.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, CEO Kurt Wolf sold 430,443 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the transaction, the chief executive officer owned 179,190 shares in the company, valued at $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Todd A. Everett sold 25,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the sale, the executive vice president directly owned 96,048 shares in the company, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,419,467 shares of company stock worth $42,373,690. Corporate insiders own 6.50% of the company's stock.

Wall Street Analyst Weigh In

PBI has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Citizens Jmp boosted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Friday, July 31st. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Bank of America upgraded Pitney Bowes from an "underperform" rating to a "neutral" rating and raised their price target for the company from $9.50 to $16.50 in a report on Monday, May 11th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Pitney Bowes in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.45.

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company's core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.

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