Acco Brands Corporation $ACCO Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Acco Brands Corporation by 21.7% in Q1, owning around 2.79% of the company, valued at approximately $10.5 million.
• Acco Brands recently announced a quarterly dividend of $0.075 per share, translating to an annual yield of 7.6%, with the ex-dividend date set for August 22nd.
• The company reported an EPS of $0.28 for the latest quarter, which was below analyst expectations, while also announcing guidance for FY 2025 EPS between 0.830-0.900.

American Century Companies Inc. lifted its holdings in Acco Brands Corporation (NYSE:ACCO - Free Report) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,517,282 shares of the industrial products company's stock after acquiring an additional 449,358 shares during the period. American Century Companies Inc. owned approximately 2.79% of Acco Brands worth $10,547,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Acco Brands by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,414,341 shares of the industrial products company's stock worth $26,876,000 after acquiring an additional 44,537 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Acco Brands by 4.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company's stock worth $27,109,000 after acquiring an additional 257,608 shares in the last quarter. Capital Management Corp VA increased its position in shares of Acco Brands by 27.5% in the first quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company's stock worth $19,076,000 after acquiring an additional 980,910 shares in the last quarter. LSV Asset Management increased its position in shares of Acco Brands by 4.9% in the first quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company's stock worth $13,590,000 after acquiring an additional 151,300 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Acco Brands by 127.8% during the 4th quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company's stock valued at $8,045,000 after purchasing an additional 859,787 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company's stock.

Acco Brands Trading Down 1.1%

Shares of NYSE:ACCO opened at $3.93 on Wednesday. The company has a market cap of $353.76 million, a PE ratio of 8.35, a P/E/G ratio of 0.46 and a beta of 1.39. The company's 50-day moving average price is $3.76 and its 200 day moving average price is $3.99. Acco Brands Corporation has a fifty-two week low of $3.32 and a fifty-two week high of $6.43. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The company had revenue of $394.80 million for the quarter, compared to the consensus estimate of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Sell-side analysts anticipate that Acco Brands Corporation will post 1.02 earnings per share for the current year.

Acco Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be paid a $0.075 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 7.6%. Acco Brands's payout ratio is 63.83%.

Wall Street Analysts Forecast Growth

ACCO has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $6.00 price target on shares of Acco Brands in a report on Thursday, August 14th. Zacks Research raised shares of Acco Brands from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Wall Street Zen raised shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6.00.

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.

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