Assenagon Asset Management S.A. Acquires 270,877 Shares of Acco Brands Corporation $ACCO

Key Points

• Assenagon Asset Management increased its Acco Brands stake by 140.2% in the second quarter, buying 270,877 additional shares to own 464,056 shares valued at approximately $1.93 million. Institutional investors collectively own 84.56% of the company.
• Acco Brands reported quarterly earnings of $0.29 per share, exceeding the $0.27 consensus estimate, while revenue of $415.1 million also topped expectations. Analysts maintain a consensus “Hold” rating with a $6.00 average price target.
• The company declared a quarterly dividend of $0.075 per share, equivalent to an annualized $0.30 dividend and a 6.9% yield; shares recently traded at $4.33, near their 52-week high of $4.56.

Assenagon Asset Management S.A. grew its stake in Acco Brands Corporation (NYSE:ACCO - Free Report) by 140.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,056 shares of the industrial products company's stock after purchasing an additional 270,877 shares during the period. Assenagon Asset Management S.A. owned about 0.50% of Acco Brands worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in shares of Acco Brands by 21.9% during the first quarter. NewEdge Advisors LLC now owns 35,231 shares of the industrial products company's stock valued at $106,000 after purchasing an additional 6,340 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Acco Brands by 2.1% in the first quarter. Empowered Funds LLC now owns 523,254 shares of the industrial products company's stock worth $1,570,000 after purchasing an additional 10,696 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Acco Brands in the 1st quarter valued at about $60,000. Sei Investments Co. grew its position in shares of Acco Brands by 37.6% in the 1st quarter. Sei Investments Co. now owns 419,220 shares of the industrial products company's stock valued at $1,258,000 after buying an additional 114,461 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Acco Brands by 80.4% in the first quarter. Cetera Investment Advisers now owns 97,021 shares of the industrial products company's stock valued at $291,000 after buying an additional 43,226 shares during the period. 84.56% of the stock is owned by institutional investors.

Insider Buying and Selling at Acco Brands

In other news, SVP Angela Y. Jones sold 57,217 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.02, for a total transaction of $230,012.34. Following the transaction, the senior vice president directly owned 18,580 shares of the company's stock, valued at $74,691.60. This represents a 75.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is owned by insiders.

Analyst Ratings Changes

ACCO has been the topic of a number of recent analyst reports. Zacks Research raised Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Acco Brands from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Acco Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. Finally, Barrington Research set a $6.00 price objective on shares of Acco Brands in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $6.00.

Acco Brands Price Performance

Acco Brands stock opened at $4.33 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.22 and a current ratio of 1.97. The stock has a market capitalization of $400.16 million, a price-to-earnings ratio of 6.99, a PEG ratio of 0.82 and a beta of 1.21. The stock's 50 day moving average price is $4.09 and its two-hundred day moving average price is $3.79. Acco Brands Corporation has a 52-week low of $2.81 and a 52-week high of $4.56.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. The firm had revenue of $415.10 million during the quarter, compared to the consensus estimate of $402.53 million. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS. On average, equities analysts predict that Acco Brands Corporation will post 0.88 earnings per share for the current year.

Acco Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, August 21st. This represents a $0.30 annualized dividend and a dividend yield of 6.9%. Acco Brands's payout ratio is currently 48.39%.

About Acco Brands

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company's portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.

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