ACCO Brands Co. (NYSE:ACCO) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,644 shares of the industrial products company’s stock after purchasing an additional 8,153 shares during the quarter. Stifel Financial Corp owned 0.34% of ACCO Brands worth $1,716,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. DMC Group LLC boosted its position in shares of ACCO Brands by 10.7% in the third quarter. DMC Group LLC now owns 26,287 shares of the industrial products company’s stock worth $144,000 after buying an additional 2,538 shares during the period. Wedge Capital Management L L P NC lifted its position in ACCO Brands by 1.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 179,805 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 2,788 shares in the last quarter. nVerses Capital LLC boosted its holdings in ACCO Brands by 68.3% in the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 2,800 shares during the period. FMR LLC grew its position in ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 3,260 shares in the last quarter. Finally, CWM LLC raised its stake in shares of ACCO Brands by 35.6% during the third quarter. CWM LLC now owns 25,853 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 6,789 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $5.30 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a fifty-two week low of $4.36 and a fifty-two week high of $6.62. The business has a 50 day moving average price of $5.65 and a two-hundred day moving average price of $5.24. The firm has a market cap of $492.27 million, a PE ratio of -2.80, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results 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. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The business had revenue of $420.90 million during the quarter, compared to analyst estimates of $418.20 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Friday, November 15th. ACCO Brands’s dividend payout ratio is presently -15.87%.

Analysts Set New Price Targets

ACCO has been the subject of several analyst reports. StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barrington Research upped their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a research 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.