Pitney Bowes Inc. (NYSE:PBI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,871,275 shares of the technology company's stock after selling 655,275 shares during the period. Charles Schwab Investment Management Inc. owned about 1.60% of Pitney Bowes worth $20,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PBI. nVerses Capital LLC bought a new position in Pitney Bowes in the second quarter worth approximately $48,000. Point72 DIFC Ltd increased its stake in shares of Pitney Bowes by 218.0% during the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company's stock valued at $58,000 after buying an additional 7,819 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Pitney Bowes by 15.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company's stock valued at $77,000 after buying an additional 2,054 shares during the period. Fifth Third Bancorp raised its holdings in shares of Pitney Bowes by 3,412.2% in the second quarter. Fifth Third Bancorp now owns 16,648 shares of the technology company's stock valued at $85,000 after acquiring an additional 16,174 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Pitney Bowes in the second quarter worth about $97,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Stock Performance

NYSE:PBI traded up $0.04 during trading hours on Friday, reaching $7.82. The company's stock had a trading volume of 1,459,664 shares, compared to its average volume of 1,910,654. The company has a market capitalization of $1.42 billion, a P/E ratio of -3.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.97. The stock has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $6.65. Pitney Bowes Inc. has a 12 month low of $3.68 and a 12 month high of $8.80.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. The firm had revenue of $499.46 million during the quarter, compared to analysts' expectations of $467.80 million. As a group, analysts predict that Pitney Bowes Inc. will post 0.38 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, November 18th. Pitney Bowes's payout ratio is currently -9.17%.

Insider Buying and Selling

In other Pitney Bowes news, EVP Lauren Freemen-Bosworth sold 42,308 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $8.12, for a total value of $343,540.96. Following the completion of the sale, the executive vice president now owns 18,664 shares of the company's stock, valued at approximately $151,551.68. This trade represents a 69.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Evans bought 29,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of $7.80 per share, with a total value of $226,200.00. Following the completion of the purchase, the director now directly owns 29,000 shares in the company, valued at $226,200. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st.

Pitney Bowes Company Profile

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.