ACCO Brands Co. (NYSE:ACCO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 345,511 shares of the industrial products company's stock after acquiring an additional 70,365 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of ACCO Brands worth $1,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in ACCO Brands during the 4th quarter worth approximately $107,000. Empowered Funds LLC grew its holdings in ACCO Brands by 1.9% during the fourth quarter. Empowered Funds LLC now owns 444,171 shares of the industrial products company's stock worth $2,332,000 after acquiring an additional 8,250 shares during the period. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands in the fourth quarter worth $61,000. Allspring Global Investments Holdings LLC raised its position in ACCO Brands by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock worth $31,767,000 after acquiring an additional 97,086 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in ACCO Brands in the fourth quarter valued at $82,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

ACCO Brands Price Performance

ACCO traded up $0.06 during trading on Monday, reaching $3.81. 646,034 shares of the stock were exchanged, compared to its average volume of 705,904. The company has a market capitalization of $342.83 million, a price-to-earnings ratio of -3.59, a P/E/G ratio of 0.37 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands Co. has a 1 year low of $3.41 and a 1 year high of $6.44. The business's 50 day moving average price is $3.72 and its two-hundred day moving average price is $4.66.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $317.40 million during the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. As a group, equities research analysts anticipate that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.30 annualized dividend and a yield of 7.88%. ACCO Brands's dividend payout ratio (DPR) is presently -26.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACCO. Barrington Research cut their price target on shares of ACCO Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Wall Street Zen raised shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th.

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.