American Century Companies Inc. Boosts Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

American Century Companies Inc. lifted its position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 113.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,063,997 shares of the industrial products company's stock after buying an additional 564,406 shares during the quarter. American Century Companies Inc. owned about 1.11% of ACCO Brands worth $5,001,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of ACCO Brands by 13.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,772,069 shares of the industrial products company's stock valued at $32,381,000 after acquiring an additional 706,291 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in ACCO Brands during the first quarter worth about $810,000. Caxton Associates LP lifted its position in ACCO Brands by 421.5% during the first quarter. Caxton Associates LP now owns 150,115 shares of the industrial products company's stock worth $842,000 after purchasing an additional 121,331 shares during the period. Nisa Investment Advisors LLC grew its stake in ACCO Brands by 841.0% during the second quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company's stock worth $76,000 after buying an additional 14,507 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in ACCO Brands by 96.7% in the 1st quarter. BNP Paribas Financial Markets now owns 134,397 shares of the industrial products company's stock valued at $754,000 after buying an additional 66,070 shares during the period. Institutional investors own 84.56% of the company's stock.

ACCO Brands Trading Up 1.2 %

Shares of ACCO Brands stock traded up $0.07 on Thursday, hitting $5.38. The stock had a trading volume of 426,425 shares, compared to its average volume of 628,861. The stock has a 50 day moving average of $5.14 and a 200 day moving average of $5.06. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.77. ACCO Brands Co. has a twelve month low of $4.36 and a twelve month high of $6.62. The firm has a market capitalization of $513.85 million, a P/E ratio of -20.04, a PEG ratio of 0.42 and a beta of 1.62.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $438.30 million for the quarter, compared to analysts' expectations of $452.73 million. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 13.32%. ACCO Brands's revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Sell-side analysts expect that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend was Friday, August 16th. ACCO Brands's payout ratio is -111.11%.

Insider Buying and Selling

In other news, SVP Pamela R. Schneider sold 19,166 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the sale, the senior vice president now directly owns 243,899 shares of the company's stock, valued at approximately $1,334,127.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ACCO has been the subject of several research analyst reports. StockNews.com upgraded ACCO Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 10th. Barrington Research restated an "outperform" rating and set a $7.00 price objective on shares of ACCO Brands in a research report on Wednesday, September 4th.

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.