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

Barclays PLC grew its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 285.3% in the 3rd quarter, according to the company in 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 acquiring an additional 109,813 shares during the quarter. Barclays PLC owned 0.16% of ACCO Brands worth $810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares in the last quarter. nVerses Capital LLC raised 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 valued at $38,000 after buying an additional 2,800 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in ACCO Brands during the 3rd quarter worth approximately $61,000. Y Intercept Hong Kong Ltd acquired a new stake in ACCO Brands during the 3rd quarter worth approximately $63,000. Finally, Royce & Associates LP bought a new stake in ACCO Brands during the 3rd quarter worth approximately $80,000. Institutional investors own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ACCO. StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Barrington Research raised their target price on ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, November 22nd.

ACCO Brands Stock Performance

Shares of ACCO stock opened at $5.25 on Wednesday. The stock has a market capitalization of $487.63 million, a PE ratio of -2.78, a PEG ratio of 0.48 and a beta of 1.67. The business’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $5.26. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands Co. has a one year low of $4.36 and a one year high of $6.62.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, meeting 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 company had revenue of $420.90 million for the quarter, compared to analyst estimates of $418.20 million. During the same period in the prior year, the firm posted $0.24 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Announces Dividend

The firm 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. The ex-dividend date was Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.71%. ACCO Brands’s payout ratio is currently -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.