BNP Paribas Financial Markets Trims Holdings in ACCO Brands Co. (NYSE:ACCO)

BNP Paribas Financial Markets reduced its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 77.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,192 shares of the industrial products company's stock after selling 88,293 shares during the quarter. BNP Paribas Financial Markets' holdings in ACCO Brands were worth $143,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of ACCO Brands by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,023,805 shares of the industrial products company's stock valued at $32,950,000 after purchasing an additional 272,454 shares during the period. Capital Management Corp VA grew its holdings in ACCO Brands by 14.3% in the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company's stock valued at $19,288,000 after buying an additional 439,810 shares during the period. AQR Capital Management LLC grew its holdings in ACCO Brands by 34.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company's stock valued at $7,788,000 after buying an additional 426,201 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ACCO Brands by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company's stock valued at $6,109,000 after acquiring an additional 76,840 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of ACCO Brands by 116.1% during the 2nd quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company's stock worth $5,517,000 after acquiring an additional 630,663 shares during the period. Institutional investors and hedge funds own 84.56% of the company's stock.

ACCO Brands Trading Down 4.7 %

Shares of ACCO Brands stock traded down $0.27 during trading hours on Wednesday, reaching $5.46. The stock had a trading volume of 737,713 shares, compared to its average volume of 628,419. 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 firm has a market capitalization of $507.13 million, a price-to-earnings ratio of -2.89, a P/E/G ratio of 0.48 and a beta of 1.67. The firm has a 50 day simple moving average of $5.64 and a two-hundred day simple moving average of $5.24.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th were given a $0.075 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.49%. ACCO Brands's payout ratio is currently -15.87%.

Analyst Ratings Changes

ACCO has been the subject of a number of recent analyst reports. Barrington Research boosted their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the company an "outperform" rating in a report on Friday, November 22nd. StockNews.com upgraded shares of ACCO Brands from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 12th.

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.