Virtu Financial LLC Decreases Holdings in ACCO Brands Co. (NYSE:ACCO)

Virtu Financial LLC reduced its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,004 shares of the industrial products company’s stock after selling 19,452 shares during the period. Virtu Financial LLC’s holdings in ACCO Brands were worth $79,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of 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 acquiring an additional 3,260 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in ACCO Brands in the third quarter valued at approximately $61,000. Burns Matteson Capital Management LLC purchased a new stake in shares of ACCO Brands during the fourth quarter valued at approximately $61,000. Y Intercept Hong Kong Ltd purchased a new position in shares of ACCO Brands in the third quarter worth $63,000. Finally, Xponance Inc. bought a new stake in ACCO Brands during the 4th quarter valued at $65,000. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACCO. Barrington Research decreased 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 report on Tuesday, February 25th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday.

ACCO Brands Stock Performance

NYSE:ACCO opened at $4.21 on Tuesday. 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 firm’s fifty day simple moving average is $4.87 and its 200 day simple moving average is $5.26. The stock has a market cap of $390.56 million, a P/E ratio of -3.97, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a twelve month low of $4.16 and a twelve month high of $6.44.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The company had revenue of $448.10 million for the quarter, compared to the consensus estimate of $455.06 million. As a group, research analysts predict that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Friday, March 14th. 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.