Barclays PLC Has $810,000 Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

Barclays PLC grew its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 285.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,302 shares of the industrial products company's stock after purchasing an additional 109,813 shares during the period. Barclays PLC owned approximately 0.16% of ACCO Brands worth $810,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Arete Wealth Advisors LLC lifted its holdings in shares of ACCO Brands by 30.5% during the third quarter. Arete Wealth Advisors LLC now owns 46,161 shares of the industrial products company's stock valued at $252,000 after purchasing an additional 10,801 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ACCO Brands by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company's stock worth $11,855,000 after buying an additional 53,490 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of ACCO Brands in the third quarter worth approximately $63,000. XTX Topco Ltd lifted its position in shares of ACCO Brands by 8.8% in the 3rd quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company's stock valued at $322,000 after acquiring an additional 4,781 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in ACCO Brands in the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 84.56% of the company's stock.

ACCO Brands Stock Down 0.3 %

NYSE ACCO traded down $0.02 on Thursday, reaching $5.17. The stock had a trading volume of 352,662 shares, compared to its average volume of 594,921. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 1 year low of $4.36 and a 1 year high of $6.62. The business has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.29. The company has a market capitalization of $479.73 million, a price-to-earnings ratio of -2.73, a P/E/G ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The business had revenue of $420.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same quarter last year, the firm earned $0.24 EPS. ACCO Brands's revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts forecast that ACCO Brands Co. will post 1.04 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date was Friday, November 15th. ACCO Brands's dividend payout ratio (DPR) is currently -15.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACCO shares. Barrington Research lifted their price target on ACCO Brands from $7.00 to $7.50 and gave the company an "outperform" rating in a report on Friday, November 22nd. StockNews.com downgraded ACCO Brands from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th.

ACCO Brands Profile

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.