Bank of America Corp DE Makes New $4.29 Million Investment in Acco Brands Corporation $ACCO

Key Points

• Bank of America acquired 1.03 million Acco Brands shares worth approximately $4.29 million, giving it a 1.12% stake. Institutional investors collectively own 84.56% of the company.
• Acco Brands reported quarterly EPS of $0.29, beating estimates by $0.02, while revenue of $415.1 million also exceeded expectations. The company issued full-year 2026 EPS guidance of $0.87–$0.91.
• The company’s quarterly dividend is $0.075 per share, equivalent to a 7.0% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $6.00, compared with a recent share price of $4.32.

Bank of America Corp DE bought a new stake in Acco Brands Corporation (NYSE:ACCO - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,031,476 shares of the industrial products company's stock, valued at approximately $4,291,000. Bank of America Corp DE owned about 1.12% of Acco Brands as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Acco Brands during the first quarter worth $37,000. Legal & General Group Plc acquired a new stake in shares of Acco Brands in the 2nd quarter worth $37,000. Quantinno Capital Management LP purchased a new stake in shares of Acco Brands in the first quarter valued at about $60,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Acco Brands during the second quarter worth about $87,000. Finally, World Investment Advisors purchased a new position in Acco Brands during the fourth quarter worth about $94,000. Institutional investors and hedge funds own 84.56% of the company's stock.

Acco Brands Stock Performance

Shares of ACCO opened at $4.32 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30. The stock has a market cap of $398.32 million, a P/E ratio of 6.96, a PEG ratio of 0.81 and a beta of 1.21. The company has a 50-day moving average of $4.27 and a two-hundred day moving average of $3.85. Acco Brands Corporation has a 12-month low of $2.81 and a 12-month high of $4.56.

Acco Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%.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. As a group, research analysts predict that Acco Brands Corporation will post 0.88 EPS for the current fiscal year.

Acco Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st were issued a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, August 21st. Acco Brands's payout ratio is 48.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ACCO shares. Wall Street Zen downgraded Acco Brands from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Acco Brands from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Finally, Barrington Research set a $6.00 target price on shares of Acco Brands in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.00.

Acco Brands Profile

ACCO Brands Corporation designs, manufactures and markets consumer and business products used for organization, productivity, school, work and creative activities. Its portfolio includes office products, school supplies, computer and mobile accessories, and presentation and binding solutions.

The company's brands include Swingline, Kensington, Mead, Five Star, AT-A-GLANCE, Day-Timer, Quartet, GBC and Esselte. Products include staplers, shredders, planners, notebooks, calendars, backpacks, presentation materials, whiteboards, binding equipment and accessories for computers and mobile devices.

ACCO Brands serves customers through retail, e-commerce, commercial and government channels in North America, Europe, Australia, New Zealand and other international markets.

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