ACCO Brands Co. (NYSE:ACCO) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,120,891 shares of the industrial products company’s stock after acquiring an additional 97,086 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of ACCO Brands worth $31,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACCO. FMR LLC increased its stake in shares of 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 purchasing an additional 3,260 shares during the period. nVerses Capital LLC increased its stake in shares of ACCO Brands by 68.3% in 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 during the period. EP Wealth Advisors LLC acquired a new stake in shares of ACCO Brands in the third quarter valued at approximately $61,000. Burns Matteson Capital Management LLC acquired a new stake in shares of ACCO Brands in the fourth quarter valued at approximately $61,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ACCO Brands in the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Trading Up 4.0 %

ACCO Brands stock opened at $5.38 on Friday. The firm has a 50 day simple moving average of $5.32 and a 200-day simple moving average of $5.36. 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 has a market capitalization of $499.24 million, a PE ratio of -2.84, a price-to-earnings-growth ratio of 0.38 and a beta of 1.68. ACCO Brands Co. has a 12-month low of $4.36 and a 12-month high of $6.62.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.58%. ACCO Brands’s dividend payout ratio (DPR) is presently -15.87%.

Wall Street Analysts Forecast Growth

ACCO has been the topic of several analyst reports. StockNews.com lowered 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 price target 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 Company 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.