UBS Group AG decreased its position in shares of Acco Brands Corporation (NYSE:ACCO) by 59.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,683 shares of the industrial products company’s stock after selling 18,328 shares during the period. UBS Group AG’s holdings in Acco Brands Corporation were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its stake in Acco Brands Corporation by 0.3% in the first quarter. Suntrust Banks Inc. now owns 53,109 shares of the industrial products company’s stock valued at $698,000 after buying an additional 153 shares during the last quarter. Alpha Windward LLC boosted its stake in Acco Brands Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 37,920 shares of the industrial products company’s stock valued at $499,000 after buying an additional 300 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Acco Brands Corporation by 8.3% in the first quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company’s stock valued at $107,000 after buying an additional 625 shares during the last quarter. Bowling Portfolio Management LLC boosted its stake in Acco Brands Corporation by 2.4% in the first quarter. Bowling Portfolio Management LLC now owns 62,875 shares of the industrial products company’s stock valued at $827,000 after buying an additional 1,494 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Acco Brands Corporation by 45.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,435 shares of the industrial products company’s stock valued at $111,000 after buying an additional 2,617 shares during the last quarter. 91.39% of the stock is currently owned by hedge funds and other institutional investors.

Acco Brands Corporation (NYSE ACCO) traded down 0.673% during mid-day trading on Wednesday, hitting $11.075. The company had a trading volume of 118,598 shares. The stock has a 50 day moving average price of $11.62 and a 200-day moving average price of $12.53. Acco Brands Corporation has a 1-year low of $9.06 and a 1-year high of $14.75. The stock has a market capitalization of $1.21 billion, a PE ratio of 22.062 and a beta of 1.30.

Acco Brands Corporation (NYSE:ACCO) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $490 million for the quarter, compared to the consensus estimate of $497.17 million. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. On average, analysts forecast that Acco Brands Corporation will post $1.10 earnings per share for the current year.

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Several analysts recently issued reports on ACCO shares. Zacks Investment Research cut Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub raised Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. ValuEngine raised Acco Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 18th. Finally, BWS Financial reissued a “buy” rating and issued a $18.00 target price on shares of Acco Brands Corporation in a research note on Tuesday, July 4th.

In other news, SVP Kathy D. Schnaedter sold 68,653 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total transaction of $773,032.78. Following the transaction, the senior vice president now directly owns 68,655 shares in the company, valued at $773,055.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Neal V. Fenwick acquired 12,313 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the completion of the purchase, the vice president now owns 423,311 shares of the company’s stock, valued at approximately $4,487,096.60. The disclosure for this purchase can be found here. 4.50% of the stock is owned by corporate insiders.

Acco Brands Corporation Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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Institutional Ownership by Quarter for Acco Brands Corporation (NYSE:ACCO)

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