Jane Street Group LLC Has $2.04 Million Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

Jane Street Group LLC reduced its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 373,337 shares of the industrial products company’s stock after selling 50,075 shares during the quarter. Jane Street Group LLC owned 0.40% of ACCO Brands worth $2,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares during the period. nVerses Capital LLC lifted its position in shares of 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. Royce & Associates LP bought a new stake in ACCO Brands during the third quarter worth $80,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ACCO Brands in the 3rd quarter worth about $86,000. Finally, Evergreen Capital Management LLC increased its position in ACCO Brands by 80.8% in the second quarter. Evergreen Capital Management LLC now owns 18,607 shares of the industrial products company’s stock worth $87,000 after buying an additional 8,317 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. 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 note on Friday, November 22nd.

ACCO Brands Trading Down 0.4 %

ACCO Brands stock opened at $5.27 on Wednesday. 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 business’s fifty day moving average is $5.65 and its 200 day moving average is $5.25. ACCO Brands Co. has a one year low of $4.36 and a one year high of $6.62. The stock has a market capitalization of $489.48 million, a PE ratio of -2.79, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67.

ACCO Brands (NYSE:ACCO) last released its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. ACCO Brands’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. On average, sell-side analysts predict that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, November 15th. ACCO Brands’s dividend payout ratio is -15.87%.

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.