Victory Capital Management Inc. Decreases Holdings in ACCO Brands Co. (NYSE:ACCO)

Victory Capital Management Inc. trimmed its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,720 shares of the industrial products company’s stock after selling 3,115 shares during the period. Victory Capital Management Inc. owned 0.28% of ACCO Brands worth $1,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACCO. FMR LLC lifted its holdings in ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in ACCO Brands during the third quarter valued at $61,000. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands during the fourth quarter valued at $61,000. Y Intercept Hong Kong Ltd purchased a new position in ACCO Brands during the third quarter valued at $63,000. Finally, Somerset Trust Co lifted its stake in shares of ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after buying an additional 2,724 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACCO shares. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Barrington Research decreased their price target on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

ACCO Brands Stock Performance

NYSE:ACCO opened at $4.46 on Wednesday. The company’s 50-day moving average price is $5.00 and its 200-day moving average price is $5.31. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company has a market cap of $413.78 million, a P/E ratio of -4.20, a P/E/G ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a twelve month low of $4.30 and a twelve month high of $6.44.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The firm had revenue of $448.10 million for the quarter, compared to analyst estimates of $455.06 million. On average, sell-side analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands’s payout ratio is currently -28.30%.

About ACCO Brands

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.