BlackRock Amends Pitney Bowes Stake as of Dec 31, 2023
Ticker: PBI-PB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 78814
| Field | Detail |
|---|---|
| Company | Pitney Bowes Inc /De/ (PBI-PB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: PBI
TL;DR
**BlackRock still owns a chunk of Pitney Bowes, signaling passive confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Pitney Bowes Inc. common stock as of December 31, 2023. This amendment updates their previous filing, showing their continued significant, but passive, stake in the company. This matters to investors because BlackRock is a major institutional investor, and their continued holding signals a baseline level of confidence in Pitney Bowes, even if their percentage ownership has slightly changed.
Why It Matters
This filing confirms BlackRock's ongoing substantial, passive investment in Pitney Bowes, which can influence market perception and stability for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor, indicating no immediate significant change in company control or strategy.
Analyst Insight
An investor should note that BlackRock's continued passive stake suggests no immediate red flags or strong bullish signals from this major institutional holder. It's a routine update confirming their position.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Pitney Bowes Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
- 724479100 (number) — the CUSIP number for Pitney Bowes Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the subject company whose securities are being reported?
The subject company is PITNEY BOWES INC /DE/, identified by CIK 0000078814.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding PITNEY BOWES INC /DE/ (PBI-PB).