IndexIQ Advisors LLC lifted its holdings in shares of Acco Brands Corporation (NYSE:ACCO) by 83.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,910 shares of the industrial products company’s stock after acquiring an additional 29,907 shares during the period. IndexIQ Advisors LLC owned approximately 0.06% of Acco Brands Corporation worth $784,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Acco Brands Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,558 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 1,433 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Acco Brands Corporation by 12.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 1,014 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Acco Brands Corporation by 24.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,461 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 2,026 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Acco Brands Corporation by 4.0% during the second quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 400 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Acco Brands Corporation by 1.1% during the first quarter. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 100 shares during the last quarter. 92.62% of the stock is owned by institutional investors.

In other Acco Brands Corporation news, insider Gregory J. Mccormack sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $10.95, for a total value of $273,750.00. Following the transaction, the insider now directly owns 63,889 shares in the company, valued at $699,584.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/11/13/indexiq-advisors-llc-acquires-29907-shares-of-acco-brands-corporation-acco.html.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 13th. SunTrust Banks, Inc. restated a “hold” rating and set a $13.00 price target on shares of Acco Brands Corporation in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, October 31st. Finally, ValuEngine cut shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Acco Brands Corporation currently has a consensus rating of “Buy” and a consensus price target of $15.33.

Acco Brands Corporation (ACCO) opened at $12.85 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1,370.00, a PE ratio of 12.60, a P/E/G ratio of 1.12 and a beta of 1.52. Acco Brands Corporation has a twelve month low of $10.35 and a twelve month high of $14.75.

Acco Brands Corporation (NYSE:ACCO) last released its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $529.65 million. Acco Brands Corporation had a net margin of 3.51% and a return on equity of 15.99%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. analysts predict that Acco Brands Corporation will post 1.15 EPS for the current year.

Acco Brands Corporation 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.

Want to see what other hedge funds are holding ACCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acco Brands Corporation (NYSE:ACCO).

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

Receive News & Ratings for Acco Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acco Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.