Deutsche Bank AG Increases Stake in Pitney Bowes Inc. (NYSE:PBI)

Deutsche Bank AG lifted its stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 46.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 143,405 shares of the technology company's stock after acquiring an additional 45,234 shares during the period. Deutsche Bank AG owned approximately 0.08% of Pitney Bowes worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Pitney Bowes by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 21,162,512 shares of the technology company's stock worth $153,217,000 after acquiring an additional 1,299,716 shares during the last quarter. Hestia Capital Management LLC bought a new stake in shares of Pitney Bowes during the 4th quarter worth $114,326,000. Bank of America Corp DE lifted its holdings in shares of Pitney Bowes by 43.0% during the 4th quarter. Bank of America Corp DE now owns 932,635 shares of the technology company's stock worth $6,752,000 after acquiring an additional 280,402 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Pitney Bowes by 33.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 880,300 shares of the technology company's stock worth $6,373,000 after acquiring an additional 221,300 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Pitney Bowes during the 4th quarter worth $6,245,000. 67.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, Director Kurt James Wolf sold 481,199 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.77, for a total value of $5,182,513.23. Following the transaction, the director now owns 584,636 shares in the company, valued at approximately $6,296,529.72. The trade was a 45.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.00% of the company's stock.

Analyst Ratings Changes

PBI has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 15th. Sidoti raised shares of Pitney Bowes to a "hold" rating in a research note on Monday, May 5th.

Pitney Bowes Price Performance

Pitney Bowes stock traded down $0.07 during mid-day trading on Thursday, hitting $10.26. The company's stock had a trading volume of 1,016,225 shares, compared to its average volume of 2,113,388. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -9.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The business has a 50 day moving average price of $8.89 and a 200-day moving average price of $8.60. Pitney Bowes Inc. has a 12 month low of $4.62 and a 12 month high of $11.01.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $493.42 million during the quarter, compared to the consensus estimate of $498.99 million. Pitney Bowes had a negative net margin of 7.71% and a negative return on equity of 20.95%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 19th will be given a $0.07 dividend. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.73%. Pitney Bowes's payout ratio is presently -30.77%.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.