Schroder Investment Management Group Buys 214,065 Shares of Pitney Bowes Inc. (PBI)
Schroder Investment Management Group increased its position in Pitney Bowes Inc. (NYSE:PBI) by 89.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 454,600 shares of the company’s stock after buying an additional 214,065 shares during the period. Schroder Investment Management Group owned approximately 0.25% of Pitney Bowes worth $8,092,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of PBI. Norges Bank bought a new stake in shares of Pitney Bowes during the fourth quarter worth about $40,257,000. UBS Group AG boosted its stake in shares of Pitney Bowes by 11.8% in the first quarter. UBS Group AG now owns 112,438 shares of the company’s stock worth $2,422,000 after buying an additional 11,900 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of Pitney Bowes during the second quarter worth about $111,000. BlackRock Group LTD boosted its stake in shares of Pitney Bowes by 4.0% in the first quarter. BlackRock Group LTD now owns 892,998 shares of the company’s stock worth $19,236,000 after buying an additional 34,667 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Pitney Bowes during the first quarter worth about $2,120,000. 82.12% of the stock is currently owned by institutional investors and hedge funds.
Pitney Bowes Inc. (NYSE:PBI) opened at 17.66 on Friday. Pitney Bowes Inc. has a one year low of $16.24 and a one year high of $21.81. The company’s 50 day moving average price is $18.63 and its 200-day moving average price is $19.20. The stock has a market capitalization of $3.28 billion, a PE ratio of 11.99 and a beta of 1.32.
Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Pitney Bowes had a return on equity of 254.58% and a net margin of 8.63%. The company earned $836 million during the quarter, compared to analyst estimates of $852.46 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Pitney Bowes’s revenue was down 5.1% compared to the same quarter last year. Analysts expect that Pitney Bowes Inc. will post $1.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 22nd were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Thursday, August 18th. Pitney Bowes’s payout ratio is currently 51.37%.
Separately, Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a report on Friday, July 1st.
About Pitney Bowes
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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