MarketBeat Earnings
Assenagon Asset Management S.A. Reduces Holdings in Pitney Bowes Inc. $PBI
Assenagon Asset Management S.A. significantly reduced its stake in Pitney Bowes Inc. by 97.5% in the second quarter, selling 1.45 million shares but still retaining 36,573 shares valued at $641,000. Despite this reduction, institutional investors collectively own a substantial 67.88% of the company, and analysts maintain a "Moderate Buy" rating with an average price target of $18.45. Pitney …