ACCO Brands Co. (NYSE:ACCO) Holdings Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of ACCO Brands Co. (NYSE:ACCOFree Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,327 shares of the industrial products company’s stock after selling 4,962 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of ACCO Brands worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of ACCO Brands by 7.7% during the 3rd quarter. Wellington Management Group LLP now owns 5,574,697 shares of the industrial products company’s stock worth $31,999,000 after buying an additional 396,588 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ACCO Brands by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,422,023 shares of the industrial products company’s stock worth $14,724,000 after purchasing an additional 68,416 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of ACCO Brands by 7.0% in the 4th quarter. North Star Investment Management Corp. now owns 860,511 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 55,923 shares in the last quarter. Capital Management Corp VA bought a new stake in shares of ACCO Brands in the 4th quarter worth approximately $3,821,000. Finally, GSA Capital Partners LLP raised its holdings in shares of ACCO Brands by 158.6% in the 3rd quarter. GSA Capital Partners LLP now owns 306,956 shares of the industrial products company’s stock worth $1,762,000 after purchasing an additional 188,274 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.

Insider Transactions at ACCO Brands

In related news, SVP Angela Y. Jones sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total transaction of $74,400.00. Following the transaction, the senior vice president now directly owns 18,621 shares of the company’s stock, valued at $92,360.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACCO. Barrington Research reiterated an “outperform” rating and issued a $7.50 target price on shares of ACCO Brands in a report on Thursday, February 29th. StockNews.com downgraded shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th.

Get Our Latest Stock Report on ACCO

ACCO Brands Stock Performance

ACCO Brands stock opened at $5.03 on Tuesday. The firm’s 50 day simple moving average is $5.09 and its 200-day simple moving average is $5.57. The company has a market cap of $480.87 million, a P/E ratio of -18.63, a price-to-earnings-growth ratio of 0.40 and a beta of 1.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.69 and a quick ratio of 0.95. ACCO Brands Co. has a fifty-two week low of $4.64 and a fifty-two week high of $6.62.

ACCO Brands (NYSE:ACCOGet Free Report) last released its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $358.90 million for the quarter, compared to the consensus estimate of $371.80 million. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.42%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. As a group, equities research analysts predict that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, May 16th. ACCO Brands’s dividend payout ratio (DPR) is currently -111.11%.

About ACCO Brands

(Free Report)

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, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

See Also

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

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