Acco Brands Corporation (ACCO) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. raised its position in shares of Acco Brands Corporation (NYSE:ACCO) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,986 shares of the industrial products company’s stock after buying an additional 2,106 shares during the period. Eqis Capital Management Inc.’s holdings in Acco Brands Corporation were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Acco Brands Corporation by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 7,036,464 shares of the industrial products company’s stock worth $92,530,000 after buying an additional 75,844 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of 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 worth $111,000 after buying an additional 2,617 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Acco Brands Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 9,666,145 shares of the industrial products company’s stock worth $127,109,000 after buying an additional 174,498 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Acco Brands Corporation by 22.0% in the first quarter. Bank of America Corp DE now owns 397,823 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 71,696 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Acco Brands Corporation by 1.6% in the first quarter. Prudential Financial Inc. now owns 700,016 shares of the industrial products company’s stock worth $9,205,000 after buying an additional 10,800 shares during the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

Acco Brands Corporation (ACCO) remained flat at $10.75 during midday trading on Friday. 499,413 shares of the company’s stock were exchanged. Acco Brands Corporation has a 1-year low of $9.06 and a 1-year high of $14.75. The firm’s 50-day moving average price is $11.50 and its 200-day moving average price is $12.41. The company has a market cap of $1.17 billion, a PE ratio of 21.41 and a beta of 1.30.

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

COPYRIGHT VIOLATION WARNING: “Acco Brands Corporation (ACCO) Shares Bought by Eqis Capital Management Inc.” was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/eqis-capital-management-inc-has-186000-position-in-acco-brands-corporation-acco-updated-updated.html.

Several research firms recently weighed in on ACCO. BidaskClub raised Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine downgraded shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, August 3rd. Finally, BWS Financial restated a “buy” rating and set a $18.00 price target on shares of Acco Brands Corporation in a report on Tuesday, July 4th.

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

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.

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.

Latest News

Leave a Reply