JPMorgan Chase & Co. Acquires 293,506 Shares of ACCO Brands Co. (NYSE:ACCO)

JPMorgan Chase & Co. boosted its holdings in ACCO Brands Co. (NYSE:ACCO - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 811,629 shares of the industrial products company's stock after purchasing an additional 293,506 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.87% of ACCO Brands worth $4,261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in ACCO Brands by 123.0% in the 3rd 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 last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of ACCO Brands in the fourth quarter valued at approximately $61,000. Xponance Inc. acquired a new stake in shares of ACCO Brands in the fourth quarter valued at approximately $65,000. Somerset Trust Co increased its stake in shares of ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 2,724 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of ACCO Brands in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 84.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on ACCO shares. StockNews.com upgraded 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 objective on shares of 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 Price Performance

NYSE:ACCO traded up $0.04 during trading hours on Thursday, reaching $3.80. 83,159 shares of the company's stock were exchanged, compared to its average volume of 680,250. The company has a market capitalization of $341.93 million, a P/E ratio of -3.57, a price-to-earnings-growth ratio of 0.37 and a beta of 1.60. ACCO Brands Co. has a 12 month low of $3.47 and a 12 month high of $6.44. 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 business's 50-day simple moving average is $4.32 and its two-hundred day simple moving average is $5.05.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its 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). The company had revenue of $448.10 million for the quarter, compared to analyst estimates of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Sell-side analysts expect that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.91%. ACCO Brands's dividend payout ratio is currently -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.