ACCO Brands Co. (NYSE:ACCO) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 21.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 998,189 shares of the industrial products company's stock after purchasing an additional 178,921 shares during the period. Assenagon Asset Management S.A. owned 1.04% of ACCO Brands worth $5,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC boosted its holdings in ACCO Brands by 68.3% during the third quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 2,800 shares in the last quarter. Innealta Capital LLC bought a new position in ACCO Brands during the first quarter worth about $65,000. Somerset Trust Co bought a new stake in shares of ACCO Brands during the second quarter worth approximately $57,000. SG Americas Securities LLC bought a new stake in shares of ACCO Brands during the first quarter worth approximately $71,000. Finally, Paloma Partners Management Co acquired a new stake in shares of ACCO Brands in the first quarter valued at approximately $74,000. Institutional investors and hedge funds own 84.56% of the company's stock.

ACCO Brands Stock Up 2.1 %

ACCO Brands stock traded up $0.10 during trading hours on Wednesday, hitting $4.97. The stock had a trading volume of 407,378 shares, compared to its average volume of 615,398. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 1.49. The stock's 50-day moving average price is $5.25 and its 200-day moving average price is $5.02. ACCO Brands Co. has a 12-month low of $4.36 and a 12-month high of $6.62. The stock has a market capitalization of $475.13 million, a P/E ratio of -18.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $438.30 million during the quarter, compared to analyst estimates 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 prior year, the business earned $0.38 earnings per share. Equities research analysts anticipate that ACCO Brands Co. will post 1.04 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Friday, November 15th. ACCO Brands's payout ratio is -111.11%.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the sale, the senior vice president now directly owns 243,899 shares in the company, valued at approximately $1,334,127.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ACCO. Barrington Research reaffirmed an "outperform" rating and set a $7.00 price target on shares of ACCO Brands in a research report on Wednesday, September 4th. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 10th.

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.