American Century Companies Inc. Purchases 562,985 Shares of ACCO Brands Co. (NYSE:ACCO)

American Century Companies Inc. boosted its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 37.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067,924 shares of the industrial products company’s stock after acquiring an additional 562,985 shares during the period. American Century Companies Inc. owned about 2.23% of ACCO Brands worth $10,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. DMC Group LLC grew its stake in ACCO Brands by 9.5% in the fourth quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 2,496 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of ACCO Brands by 22.1% in the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock valued at $79,000 after buying an additional 2,724 shares in the last quarter. FMR LLC grew its position 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 worth $32,000 after buying an additional 3,260 shares during the last quarter. XTX Topco Ltd raised its stake in shares of ACCO Brands by 8.8% during the 3rd quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 4,781 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in ACCO Brands by 7.1% during the fourth quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company’s stock valued at $405,000 after acquiring an additional 5,148 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ACCO has been the subject of a number of recent analyst reports. Barrington Research lowered their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, March 28th.

ACCO Brands Stock Performance

NYSE ACCO opened at $4.28 on Thursday. 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’s 50 day simple moving average is $4.82 and its 200-day simple moving average is $5.24. The company has a market cap of $397.53 million, a PE ratio of -4.04, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a 1-year low of $4.05 and a 1-year high of $6.44.

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

ACCO Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 7.01%. The ex-dividend date was Friday, March 14th. ACCO Brands’s payout ratio is currently -28.30%.

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.