Acco Brands Corporation $ACCO Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has significantly reduced its stake in Acco Brands by 73.1%, selling 102,047 shares, leaving it with 37,607 shares worth $158,000.
• Acco Brands announced a quarterly dividend of $0.075, yielding 7.5%, set to be paid on September 10th to shareholders of record by August 22nd.
• The company's recent quarterly earnings slightly missed analysts' expectations, reporting $0.28 EPS against a consensus estimate of $0.29, while revenues surpassed estimates at $394.80 million.

Jump Financial LLC cut its position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 73.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,607 shares of the industrial products company's stock after selling 102,047 shares during the period. Jump Financial LLC's holdings in Acco Brands were worth $158,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co raised its stake in Acco Brands by 18.4% during the first quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock worth $126,000 after purchasing an additional 4,669 shares during the period. Deutsche Bank AG raised its stake in shares of Acco Brands by 49.8% in the 4th quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock valued at $486,000 after acquiring an additional 30,803 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Acco Brands by 29.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 443,737 shares of the industrial products company's stock valued at $1,859,000 after acquiring an additional 102,213 shares during the period. Jane Street Group LLC raised its stake in shares of Acco Brands by 4.2% in the 4th quarter. Jane Street Group LLC now owns 388,845 shares of the industrial products company's stock valued at $2,041,000 after acquiring an additional 15,508 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Acco Brands by 25.6% in 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 valued at $1,814,000 after acquiring an additional 70,365 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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 reissued an "outperform" rating and issued a $6.00 price target on shares of Acco Brands in a research note on Thursday, August 14th. 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Acco Brands has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

Acco Brands Stock Down 0.6%

ACCO traded down $0.03 during trading hours on Wednesday, hitting $3.98. 455,831 shares of the company's stock were exchanged, compared to its average volume of 475,066. Acco Brands Corporation has a 12-month low of $3.32 and a 12-month high of $6.43. The firm has a 50 day moving average of $3.86 and a 200 day moving average of $3.90. The firm has a market cap of $358.27 million, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.47 and a beta of 1.44. The company has a current ratio of 1.85, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48.

Acco Brands (NYSE:ACCO - Get Free Report) last announced its earnings results 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 return on equity of 13.60% and a net margin of 2.90%.The business 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. Analysts predict that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, August 22nd. Acco Brands's dividend payout ratio is presently 63.83%.

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.