XTX Topco Ltd Acquires 15,530 Shares of ACCO Brands Co. (NYSE:ACCO)

XTX Topco Ltd raised its holdings in ACCO Brands Co. (NYSE:ACCO) by 26.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,435 shares of the industrial products company’s stock after acquiring an additional 15,530 shares during the period. XTX Topco Ltd owned approximately 0.08% of ACCO Brands worth $391,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its position in ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands in the fourth quarter worth about $61,000. Xponance Inc. purchased a new position in shares of ACCO Brands during the fourth quarter valued at approximately $65,000. Somerset Trust Co increased its position in ACCO Brands by 22.1% during the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 2,724 shares during the period. Finally, Versor Investments LP purchased a new position in shares of ACCO Brands during the fourth quarter valued at about $82,000. Institutional investors own 84.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACCO shares. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday, March 28th. Barrington Research dropped their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

ACCO Brands Price Performance

NYSE ACCO opened at $3.79 on Wednesday. The company has a 50-day moving average price of $4.36 and a 200-day moving average price of $5.06. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $341.02 million, a P/E ratio of -3.57, a PEG ratio of 0.37 and a beta of 1.60. ACCO Brands Co. has a 52 week low of $3.47 and a 52 week high of $6.44.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The business had revenue of $448.10 million during the quarter, compared to analysts’ expectations of $455.06 million. Equities research analysts anticipate that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a $0.075 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 7.93%. ACCO Brands’s dividend payout ratio is presently -28.30%.

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.