American Century Companies Inc. Has $9.93 Million Stake in Acco Brands Corporation $ACCO

American Century Companies Inc. grew its holdings in Acco Brands Corporation (NYSE:ACCO) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,774,426 shares of the industrial products company’s stock after purchasing an additional 257,144 shares during the quarter. American Century Companies Inc. owned about 3.08% of Acco Brands worth $9,932,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC bought a new position in shares of Acco Brands in the second quarter valued at about $40,000. Kapitalo Investimentos Ltda bought a new position in shares of Acco Brands in the second quarter worth about $55,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Acco Brands during the second quarter worth approximately $78,000. Public Employees Retirement System of Ohio lifted its position in shares of Acco Brands by 218.4% during the second quarter. Public Employees Retirement System of Ohio now owns 25,541 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 17,519 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Acco Brands by 40.6% during the first quarter. EP Wealth Advisors LLC now owns 22,765 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 6,577 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACCO. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen cut Acco Brands from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, October 8th. Finally, Barrington Research reiterated an “outperform” rating and issued a $6.00 price target on shares of Acco Brands in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

Acco Brands Trading Down 1.8%

NYSE:ACCO opened at $3.57 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.68 and a quick ratio of 0.96. The business’s 50-day simple moving average is $3.72 and its 200-day simple moving average is $3.77. Acco Brands Corporation has a fifty-two week low of $3.20 and a fifty-two week high of $6.28. The stock has a market capitalization of $321.35 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.43 and a beta of 1.12.

Acco Brands (NYSE:ACCO) last posted its earnings results on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $499.40 million during the quarter. Acco Brands had a return on equity of 12.96% and a net margin of 2.63%. Sell-side analysts expect that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Friday, November 21st. Acco Brands’s dividend payout ratio (DPR) is presently 71.43%.

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.