Barclays PLC Has $810,000 Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

Barclays PLC raised its holdings in ACCO Brands Co. (NYSE:ACCO) by 285.3% during the third quarter, according to its most recent disclosure with the Securities and 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 period. Barclays PLC’s holdings in ACCO Brands were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in ACCO Brands by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,023,805 shares of the industrial products company’s stock worth $32,950,000 after buying an additional 272,454 shares in the last quarter. Wellington Management Group LLP boosted its holdings in ACCO Brands by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock worth $26,129,000 after acquiring an additional 81,990 shares during the last quarter. Capital Management Corp VA grew its stake in shares of 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 worth $19,288,000 after acquiring an additional 439,810 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of ACCO Brands by 34.6% in the second quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock valued at $7,788,000 after purchasing an additional 426,201 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of ACCO Brands by 6.3% during the second 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 purchasing an additional 76,840 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.

ACCO Brands Trading Up 0.2 %

Shares of ACCO Brands stock opened at $5.25 on Wednesday. The firm has a market cap of $487.63 million, a PE ratio of -2.78, a P/E/G ratio of 0.48 and a beta of 1.67. ACCO Brands Co. has a 1 year low of $4.36 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The stock has a fifty day moving average price of $5.66 and a 200-day moving average price of $5.26.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Equities research analysts anticipate that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 15th were paid a $0.075 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.30 annualized dividend and a yield of 5.71%. ACCO Brands’s payout ratio is -15.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACCO shares. StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Barrington Research upped their target price on ACCO Brands from $7.00 to $7.50 and gave the company 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.