Assenagon Asset Management S.A. Has $580,000 Holdings in Acco Brands Corporation $ACCO

Assenagon Asset Management S.A. lessened its holdings in Acco Brands Corporation (NYSE:ACCO) by 59.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,179 shares of the industrial products company’s stock after selling 281,971 shares during the period. Assenagon Asset Management S.A. owned about 0.21% of Acco Brands worth $580,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ACCO. Allspring Global Investments Holdings LLC lifted its stake in Acco Brands by 2.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,649,602 shares of the industrial products company’s stock valued at $28,227,000 after purchasing an additional 186,110 shares during the last quarter. CSM Advisors LLC grew its stake in shares of Acco Brands by 13.8% during the third quarter. CSM Advisors LLC now owns 838,231 shares of the industrial products company’s stock worth $3,345,000 after buying an additional 101,350 shares during the last quarter. Compound Planning Inc. acquired a new position in shares of Acco Brands during the third quarter worth $105,000. Focus Partners Wealth acquired a new position in shares of Acco Brands during the third quarter worth $75,000. Finally, Aigen Investment Management LP bought a new position in shares of Acco Brands in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Angela Y. Jones sold 57,217 shares of Acco Brands stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.02, for a total value of $230,012.34. Following the completion of the transaction, the senior vice president directly owned 18,580 shares of the company’s stock, valued at approximately $74,691.60. This trade represents a 75.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.30% of the company’s stock.

Acco Brands Stock Performance

NYSE:ACCO opened at $4.17 on Friday. The company has a market capitalization of $385.19 million, a PE ratio of 5.35, a P/E/G ratio of 0.83 and a beta of 1.21. The company has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $3.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.98 and a current ratio of 1.77. Acco Brands Corporation has a fifty-two week low of $2.81 and a fifty-two week high of $4.36.

Acco Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07. Acco Brands had a net margin of 4.76% and a return on equity of 12.58%. The firm had revenue of $343.70 million during the quarter, compared to analyst estimates of $319.93 million. Acco Brands has set its FY 2026 guidance at 0.840-0.890 EPS and its Q2 2026 guidance at 0.240-0.280 EPS. Research analysts anticipate that Acco Brands Corporation will post 0.87 earnings per share for the current year.

Acco Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, May 22nd. Acco Brands’s dividend payout ratio (DPR) is presently 38.46%.

Analyst Ratings Changes

ACCO has been the topic of a number of research reports. Wall Street Zen upgraded Acco Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Barrington Research reissued an “outperform” rating and set a $5.00 target price on shares of Acco Brands in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.00.

Acco Brands Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.