Charles Schwab Investment Management Inc. Buys 102,076 Shares of Acco Brands Corporation $ACCO

Key Points

• Charles Schwab Investment Management Inc. increased its shareholding in Acco Brands Corporation by 8.4%, acquiring an additional 102,076 shares, bringing its total ownership to approximately 1.47% of the company.
• Acco Brands recently declared a quarterly dividend of $0.075 per share, with an annualized yield of 7.6% and a payout ratio of 63.83%.
• Analysts have shown increasing confidence in Acco Brands, with Barrington Research maintaining an "outperform" rating and setting a price target of $6.00 for the stock.

Charles Schwab Investment Management Inc. raised its position in Acco Brands Corporation (NYSE:ACCO - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,507 shares of the industrial products company's stock after purchasing an additional 102,076 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.47% of Acco Brands worth $5,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co grew its stake in 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. Deutsche Bank AG lifted its position 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. lifted its position 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 worth $1,859,000 after buying an additional 102,213 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Acco Brands by 4.2% in the fourth quarter. Jane Street Group LLC now owns 388,845 shares of the industrial products company's stock worth $2,041,000 after buying an additional 15,508 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Acco Brands by 25.6% during the 4th 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 worth $1,814,000 after purchasing an additional 70,365 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company's stock.

Wall Street Analyst Weigh In

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

Acco Brands Trading Up 0.9%

Shares of Acco Brands stock traded up $0.04 during trading on Monday, reaching $4.02. 412,819 shares of the company were exchanged, compared to its average volume of 530,203. 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 twelve month low of $3.32 and a twelve month high of $6.43. The business has a 50-day moving average price of $3.80 and a 200-day moving average price of $3.96. The firm has a market capitalization of $361.87 million, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.47 and a beta of 1.44.

Acco Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data 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 analyst estimates 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 EPS for the current fiscal 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. This represents a $0.30 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, August 22nd. Acco Brands's payout ratio is presently 63.83%.

Acco Brands Company 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.