Allspring Global Investments Holdings LLC Has $31.77 Million Holdings in ACCO Brands Co. (NYSE:ACCO)

Allspring Global Investments Holdings LLC grew its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,120,891 shares of the industrial products company's stock after purchasing an additional 97,086 shares during the period. Allspring Global Investments Holdings LLC owned approximately 6.59% of ACCO Brands worth $31,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Management Corp VA grew its position in ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company's stock worth $19,288,000 after acquiring an additional 439,810 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in ACCO Brands by 135.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company's stock worth $3,029,000 after acquiring an additional 331,537 shares during the last quarter. GSA Capital Partners LLP grew its position in ACCO Brands by 137.6% during the 3rd quarter. GSA Capital Partners LLP now owns 355,472 shares of the industrial products company's stock worth $1,944,000 after acquiring an additional 205,867 shares during the last quarter. Assenagon Asset Management S.A. grew its position in ACCO Brands by 21.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 998,189 shares of the industrial products company's stock worth $5,460,000 after acquiring an additional 178,921 shares during the last quarter. Finally, Barclays PLC grew its position in ACCO Brands by 285.3% during the 3rd quarter. Barclays PLC now owns 148,302 shares of the industrial products company's stock worth $810,000 after acquiring an additional 109,813 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

ACCO Brands Trading Up 2.5 %

NYSE:ACCO traded up $0.14 during trading hours on Tuesday, hitting $5.51. 169,683 shares of the stock were exchanged, compared to its average volume of 585,852. The company's 50 day moving average is $5.31 and its two-hundred day moving average is $5.36. ACCO Brands Co. has a twelve month low of $4.36 and a twelve month high of $6.55. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $511.30 million, a P/E ratio of -2.91, a price-to-earnings-growth ratio of 0.38 and a beta of 1.68.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.45%. The ex-dividend date is Friday, March 14th. ACCO Brands's dividend payout ratio is -15.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACCO shares. StockNews.com lowered ACCO Brands from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Barrington Research upped their price objective on ACCO Brands from $7.00 to $7.50 and gave the stock an "outperform" rating in a report on Friday, November 22nd.

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.