Goldman Sachs Group Inc. Has $4.90 Million Stock Holdings in Acco Brands Corporation $ACCO

Key Points

• Goldman Sachs Group Inc. reduced its stake in Acco Brands Corporation by 13.2%, selling 177,359 shares, and now holds 1.30% of the company valued at approximately $4.9 million.
• Acco Brands' stock maintains a Moderate Buy consensus rating from analysts, with a target price of $6.00 after recent upgrades and reiterations from several research firms.
• The company announced a quarterly dividend of $0.075 per share, reflecting an annualized yield of 7.5% and a payout ratio of approximately 63.83%.

Goldman Sachs Group Inc. lowered its holdings in Acco Brands Corporation (NYSE:ACCO - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,169,245 shares of the industrial products company's stock after selling 177,359 shares during the period. Goldman Sachs Group Inc. owned approximately 1.30% of Acco Brands worth $4,899,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Diversified Trust Co lifted its holdings in shares of Acco Brands by 18.4% in the first 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 in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Acco Brands by 18.6% in the first quarter. AQR Capital Management LLC now owns 1,295,815 shares of the industrial products company's stock valued at $5,429,000 after purchasing an additional 202,965 shares in the last quarter. Deutsche Bank AG lifted 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 valued at $486,000 after purchasing an additional 30,803 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Acco Brands by 29.9% in 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 purchasing an additional 102,213 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Acco Brands by 25.6% in 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 purchasing an additional 70,365 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company's stock.

Acco Brands Stock Performance

ACCO stock traded down $0.09 during mid-day trading on Friday, reaching $4.12. 1,580,501 shares of the stock traded hands, compared to its average volume of 453,727. 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 Corporation has a 52 week low of $3.32 and a 52 week high of $6.43. The business has a 50-day moving average of $3.88 and a two-hundred day moving average of $3.88. The firm has a market capitalization of $370.88 million, a PE ratio of 8.76, a P/E/G ratio of 0.49 and a beta of 1.44.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The firm had revenue of $394.80 million for the quarter, compared to the consensus estimate 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. As a group, equities analysts predict that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, August 22nd. Acco Brands's dividend payout ratio is 63.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ACCO shares. Zacks Research raised shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Barrington Research reaffirmed an "outperform" rating and issued a $6.00 price target on shares of Acco Brands in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Acco Brands currently has a consensus 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.