SG Americas Securities LLC Invests $795,000 in Pitney Bowes Inc. $PBI

SG Americas Securities LLC purchased a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69,660 shares of the technology company’s stock, valued at approximately $795,000.

A number of other hedge funds also recently modified their holdings of PBI. EverSource Wealth Advisors LLC raised its position in Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,015 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Pitney Bowes in the 2nd quarter valued at approximately $51,000. Canada Pension Plan Investment Board acquired a new position in shares of Pitney Bowes in the 2nd quarter worth approximately $51,000. United Services Automobile Association acquired a new position in shares of Pitney Bowes in the 1st quarter worth approximately $96,000. Finally, Truist Financial Corp bought a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $123,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PBI has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Citizens Jmp started coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 price objective on the stock. Truist Financial assumed coverage on shares of Pitney Bowes in a report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Pitney Bowes in a research note on Monday, November 3rd. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Citigroup began coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Pitney Bowes Stock Down 4.9%

PBI stock opened at $10.00 on Wednesday. Pitney Bowes Inc. has a twelve month low of $7.30 and a twelve month high of $13.11. The company has a market cap of $1.61 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The business’s fifty day moving average is $10.12 and its 200-day moving average is $10.94.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $459.68 million during the quarter, compared to analyst estimates of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. Research analysts anticipate 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 was paid on Monday, December 8th. Investors of record on Monday, November 10th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, November 10th. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.6%. Pitney Bowes’s dividend payout ratio is 80.00%.

Pitney Bowes Company Profile

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.