ACCO Brands Co. (NYSE:ACCO) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,369,804 shares of the industrial products company's stock after acquiring an additional 106,256 shares during the quarter. Vanguard Group Inc. owned 6.86% of ACCO Brands worth $33,441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ACCO. FMR LLC grew its holdings in ACCO Brands by 123.0% in 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 during the period. HighTower Advisors LLC increased its holdings in ACCO Brands by 21.0% in the 3rd quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company's stock worth $394,000 after acquiring an additional 12,508 shares in the last quarter. Stifel Financial Corp raised its position in ACCO Brands by 2.7% during the third quarter. Stifel Financial Corp now owns 313,644 shares of the industrial products company's stock worth $1,716,000 after acquiring an additional 8,153 shares during the period. EP Wealth Advisors LLC purchased a new position in ACCO Brands during the third quarter valued at $61,000. Finally, XTX Topco Ltd grew its position in shares of ACCO Brands by 8.8% in the third quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company's stock valued at $322,000 after purchasing an additional 4,781 shares during the period. 84.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of ACCO Brands from a "hold" rating to a "buy" rating in a research note on Friday, March 28th. Barrington Research lowered their price target on 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 Trading Up 0.4 %

Shares of ACCO traded up $0.02 during mid-day trading on Friday, reaching $3.62. The stock had a trading volume of 781,953 shares, compared to its average volume of 682,310. ACCO Brands Co. has a 52-week low of $3.47 and a 52-week high of $6.44. The firm has a market cap of $325.80 million, a price-to-earnings ratio of -3.41, a P/E/G ratio of 0.37 and a beta of 1.60. The business's fifty day moving average is $4.41 and its 200 day moving average is $5.09. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 predict that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.075 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.30%. ACCO Brands's payout ratio is -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.