Barclays PLC Raises Position in ACCO Brands Co. (NYSE:ACCO)

Barclays PLC grew its position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 285.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,302 shares of the industrial products company's stock after buying an additional 109,813 shares during the quarter. Barclays PLC owned 0.16% of ACCO Brands worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position 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 buying an additional 3,260 shares during the period. nVerses Capital LLC grew its position in shares of ACCO Brands by 68.3% during the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 2,800 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of ACCO Brands during the 3rd quarter worth approximately $61,000. Y Intercept Hong Kong Ltd bought a new stake in shares of ACCO Brands in the 3rd quarter worth approximately $63,000. Finally, Royce & Associates LP purchased a new position in ACCO Brands in the third quarter valued at approximately $80,000. 84.56% of the stock is owned by institutional investors.

ACCO Brands Stock Performance

Shares of NYSE ACCO traded up $0.01 during midday trading on Wednesday, hitting $5.25. The company's stock had a trading volume of 407,891 shares, compared to its average volume of 628,205. The stock has a fifty day moving average price of $5.66 and a 200 day moving average price of $5.26. The firm has a market capitalization of $487.63 million, a price-to-earnings ratio of -2.78, a P/E/G ratio of 0.48 and a beta of 1.67. ACCO Brands Co. has a one year low of $4.36 and a one year high of $6.62. 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 (NYSE:ACCO - Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $420.90 million for the quarter, compared to the consensus estimate of $418.20 million. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, research analysts forecast that ACCO Brands Co. will post 1.04 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Friday, November 15th. ACCO Brands's dividend payout ratio is presently -15.87%.

Analyst Ratings Changes

A number of research firms have issued reports on ACCO. StockNews.com downgraded ACCO Brands from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Barrington Research lifted 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.

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.