ACCO Brands Co. (NYSE:ACCO) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. raised its position in ACCO Brands Co. (NYSE:ACCOGet Rating) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,090 shares of the industrial products company’s stock after acquiring an additional 2,736 shares during the quarter. Alps Advisors Inc.’s holdings in ACCO Brands were worth $112,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd grew its position in ACCO Brands by 1,042.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,358 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 3,064 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of ACCO Brands during the first quarter worth about $30,000. Nisa Investment Advisors LLC grew its position in shares of ACCO Brands by 396.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,135 shares of the industrial products company’s stock worth $40,000 after buying an additional 4,900 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of ACCO Brands by 811.1% during the second quarter. New York State Teachers Retirement System now owns 8,200 shares of the industrial products company’s stock worth $54,000 after buying an additional 7,300 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of ACCO Brands by 36.0% during the first quarter. Great West Life Assurance Co. Can now owns 7,435 shares of the industrial products company’s stock worth $62,000 after buying an additional 1,968 shares in the last quarter. 87.59% of the stock is owned by institutional investors and hedge funds.

ACCO Brands Price Performance

ACCO stock opened at $5.48 on Thursday. The business has a 50 day moving average price of $5.01 and a 200 day moving average price of $6.15. The stock has a market cap of $516.55 million, a price-to-earnings ratio of 28.84, a PEG ratio of 0.42 and a beta of 1.76. ACCO Brands Co. has a fifty-two week low of $4.27 and a fifty-two week high of $9.00. The company has a quick ratio of 0.96, a current ratio of 1.82 and a debt-to-equity ratio of 1.34.

ACCO Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Wednesday, November 23rd. ACCO Brands’s payout ratio is 157.90%.

Insider Buying and Selling

In other ACCO Brands news, EVP Roxanne M. Bernstein bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of $5.64 per share, for a total transaction of $56,400.00. Following the completion of the purchase, the executive vice president now directly owns 20,000 shares in the company, valued at $112,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ACCO shares. StockNews.com downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Barrington Research lowered their price objective on ACCO Brands from $11.00 to $7.00 in a research report on Monday, October 17th.

ACCO Brands Company Profile

(Get Rating)

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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