Charles Schwab Investment Management Inc. Increases Stake in 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. increased its holdings in Acco Brands Corporation (NYSE:ACCO - Free Report) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 1.47% of Acco Brands worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ACCO. Capital Management Corp VA raised its position in Acco Brands by 27.5% in the 1st quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company's stock worth $19,076,000 after purchasing an additional 980,910 shares during the period. Millennium Management LLC raised its position in Acco Brands by 127.8% in the 4th quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company's stock worth $8,045,000 after purchasing an additional 859,787 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Acco Brands in the 4th quarter worth $1,764,000. Allspring Global Investments Holdings LLC raised its position in Acco Brands by 4.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company's stock worth $27,109,000 after purchasing an additional 257,608 shares during the period. Finally, North Star Investment Management Corp. raised its position in Acco Brands by 47.8% in the 1st quarter. North Star Investment Management Corp. now owns 634,373 shares of the industrial products company's stock worth $2,658,000 after purchasing an additional 205,061 shares during the period. Hedge funds and other institutional investors own 84.56% of the company's stock.

Acco Brands Stock Performance

Shares of ACCO traded down $0.06 during mid-day trading on Tuesday, hitting $3.97. 559,980 shares of the company traded hands, compared to its average volume of 495,534. 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 stock has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $3.95. Acco Brands Corporation has a 1 year low of $3.32 and a 1 year high of $6.43. The stock has a market cap of $357.37 million, a price-to-earnings ratio of 8.44, a P/E/G ratio of 0.47 and a beta of 1.44.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The company 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. Equities analysts anticipate that Acco Brands Corporation will post 1.02 earnings per share for the current 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 issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, August 22nd. Acco Brands's payout ratio is presently 63.83%.

Analyst Upgrades and Downgrades

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