Bank of America Corp DE Makes New $15.28 Million Investment in Pitney Bowes Inc. $PBI

Key Points

• Bank of America acquired a new 872,114-share stake in Pitney Bowes worth approximately $15.28 million, joining several other institutions that also initiated positions. Institutional investors and hedge funds now own 67.88% of the company.
• Pitney Bowes reported quarterly EPS of $0.43, beating estimates of $0.34, while revenue fell 2.4% year over year to $451.5 million. The company issued fiscal 2026 EPS guidance of $1.55–$1.70.
• Analyst sentiment is moderately positive, with a consensus rating of “Moderate Buy” and an $18.45 price target, although insiders sold more than 1.83 million shares worth $32.4 million over the past 90 days.

Bank of America Corp DE bought a new position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 872,114 shares of the technology company's stock, valued at approximately $15,279,000. Bank of America Corp DE owned 0.64% of Pitney Bowes at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PBI. Man Group plc acquired a new position in Pitney Bowes during the 2nd quarter worth about $6,659,000. Jupiter Topco LLC acquired a new position in shares of Pitney Bowes in the second quarter valued at approximately $1,033,000. Hsbc Holdings PLC acquired a new position in shares of Pitney Bowes in the second quarter valued at approximately $27,762,000. Canada Pension Plan Investment Board purchased a new stake in Pitney Bowes during the 2nd quarter worth approximately $208,000. Finally, Legal & General Group Plc acquired a new stake in Pitney Bowes during the 2nd quarter worth approximately $5,133,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Trading Up 0.6%

Pitney Bowes stock opened at $16.37 on Friday. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The stock has a 50 day moving average of $17.23 and a two-hundred day moving average of $15.57. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.66 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 earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.09. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Citizens Jmp upped their price target on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a report on Friday, July 31st. Citigroup reaffirmed a "market outperform" rating on shares of Pitney Bowes in a research report on Friday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday, July 30th. Finally, Truist Financial raised their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.45.

Insider Activity

In related news, CEO Kurt Wolf sold 430,443 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the transaction, the chief executive officer directly owned 179,190 shares of the company's stock, valued at $3,266,633.70. This trade represents a 70.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Todd A. Everett sold 25,000 shares of Pitney Bowes stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the transaction, the executive vice president directly owned 96,048 shares of the company's stock, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,833,908 shares of company stock worth $32,374,297 over the last 90 days. 6.50% of the stock is currently owned by company insiders.

Pitney Bowes Profile

Pitney Bowes Inc NYSE: PBI is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.