American Century Companies Inc. Buys 449,358 Shares of Acco Brands Corporation $ACCO

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. raised its position in Acco Brands Corporation (NYSE:ACCO - Free Report) by 21.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,517,282 shares of the industrial products company's stock after acquiring an additional 449,358 shares during the quarter. American Century Companies Inc. owned approximately 2.79% of Acco Brands worth $10,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACCO. Diversified Trust Co grew its stake in shares of Acco Brands by 18.4% during the 1st quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock valued at $126,000 after purchasing an additional 4,669 shares during the period. Deutsche Bank AG boosted its holdings in shares of Acco Brands by 49.8% in the fourth quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock worth $486,000 after buying an additional 30,803 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Acco Brands by 29.9% during the first quarter. Envestnet Asset Management Inc. now owns 443,737 shares of the industrial products company's stock valued at $1,859,000 after buying an additional 102,213 shares during the period. Jane Street Group LLC grew its position in Acco Brands by 4.2% during the fourth quarter. Jane Street Group LLC now owns 388,845 shares of the industrial products company's stock valued at $2,041,000 after buying an additional 15,508 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Acco Brands by 25.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company's stock valued at $1,814,000 after buying an additional 70,365 shares during the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Acco Brands Price Performance

Shares of Acco Brands stock traded up $0.04 during trading hours on Monday, hitting $4.02. The company's stock had a trading volume of 412,819 shares, compared to its average volume of 530,203. The company has a market cap of $361.87 million, a PE ratio of 8.54, a PEG ratio of 0.47 and a beta of 1.44. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85. The business has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $3.95. Acco Brands Corporation has a 12-month low of $3.32 and a 12-month high of $6.43.

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

Acco Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.075 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.30 annualized dividend and a dividend yield of 7.5%. Acco Brands's dividend payout ratio (DPR) is presently 63.83%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Barrington Research restated an "outperform" rating and issued a $6.00 price objective on shares of Acco Brands in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded Acco Brands from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

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.