Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Kurt Wolf, a director at Pitney Bowes Inc . (NYSE:PBI), recently sold shares of the company in a series of transactions. According to the latest filings, Wolf disposed of a total of 481,199 shares on March 3, 2025, at a weighted average price of $10.77 per share. The transactions, which were executed through various entities including Hestia Capital Partners (WA:CPAP), LP, Helios I, LP, and separately managed accounts, amounted to a total value of approximately $5.18 million. The sale comes amid a remarkable 152% surge in PBI’s stock price over the past year, with shares currently trading near $10.04. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The sales were conducted under a Rule 10b5-1 trading plan, which was adopted by Wolf in August 2024. Following these transactions, Wolf’s associated entities hold a substantial number of shares, with 4,810,917 shares owned by Hestia Capital Partners, 8,309,492 shares by Helios I, and 584,636 shares in separately managed accounts.
These transactions highlight ongoing adjustments in shareholdings by key stakeholders within Pitney Bowes, a company known for its office machines and technology services.
In other recent news, Pitney Bowes reported fourth-quarter earnings and revenue that exceeded analyst expectations, providing a positive outlook for 2025. The company announced adjusted earnings per share of $0.32, surpassing the analyst consensus of $0.21, and reported revenue of $516 million, beating estimates of $489.77 million despite a 2% year-over-year decline. For the full year 2024, Pitney Bowes generated revenue of $2.027 billion, a 3% decrease from the previous year, with adjusted earnings per share rising 34% to $0.82. Looking forward, the company projected 2025 revenue between $1.95 billion and $2 billion, exceeding analyst expectations of $1.973 billion, and forecast adjusted earnings per share of $1.10 to $1.30, above the consensus estimate of $1.04. Additionally, Pitney Bowes announced a new $150 million share repurchase authorization and increased its quarterly dividend to $0.06 per share. The company also reported progress on strategic initiatives, including the near-completion of its Global Ecommerce exit and achieving $120 million in annualized cost savings by the end of 2024. Pitney Bowes expects to reach total net annualized cost savings of $170 million to $190 million. CEO Lance Rosenzweig highlighted the company’s successful execution of its key priorities, aiming for increased efficiency and profitability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.