Legal & General Group Plc Reduces Stake in Acco Brands Corporation (ACCO)

Fox Run Management L.L.C. lowered its position in shares of Acco Brands Corporation (NYSE:ACCO) by 38.6% during the second quarter, according to its most recent filing with the SEC. Shares are trading at $10.90 which is significantly lower than $11.58, the 50 day moving average and quite a bit below the 200 day moving average of $12.49. Legal & General Group Plc's holdings in Acco Brands Corporation were worth $331,000 as of its most recent SEC filing.

Acco Brands Corporation (NYSE ACCO) remained flat at $10.90 during midday trading on Friday. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Acco Brands Corporation during the first quarter valued at approximately $133,000. During the same quarter in the previous year, the business earned $0.25 EPS. 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. Victory Capital Management Inc. boosted its position in Acco Brands Corporation by 8.3% in the first quarter. Finally, Metropolitan Life Insurance Co. Hennessy Advisors Inc. bought a new stake in shares of Acco Brands Corporation during the first quarter worth $4,027,000. Metropolitan Life Insurance Co. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company's stock worth $124,000 after buying an additional 100 shares during the period.

Acco Brands Corporation (ACCO) opened at 10.90 on Friday. The firm has a 50-day moving average price of $11.58 and a 200 day moving average price of $12.49. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.71 and a beta of 1.30. ACCO rose 3.32%, plunged -8.02% and sank -14.17% in the week, one month and six months, respectively.

Acco Brands Corporation (NYSE:ACCO) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.04. Revenue for the quarter also did not kill consensus, coming in at $490 Million, compared to the consensus of 497.17 Million. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. Ameritas Investment Partners Inc. purchased a new position in shares of Acco Brands Corporation during the first quarter worth $112,000. Analysts forecast that Acco Brands Corporation will post $1.10 earnings per share for the current year. If you are reading this story on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. Teachers Advisors, LLC grew its position by buying 15,211 shares an increase of 1.3% from 03/31/2017 to 06/30/2017.

BidaskClub upgraded shares of Acco Brands Corporation (NYSE:ACCO) from a strong sell rating to a sell rating in a report issued on Tuesday morning. BWS Financial initiated it with "Buy" rating and $18 target in Wednesday, January 25 report. ValuEngine dropped Acco Brands Corporation from a buy recommendation to a hold recommendation in a study report on early Tue, Jul 25th. Also, SVP Kathy D. Schnaedter sold 68,653 shares of the business's stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average price of $11.26. Following the completion of the sale, the senior vice president now owns 68,655 shares of the company's stock, valued at $773,055.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The disclosure for this sale can be found here. Following the transaction, the vice president now directly owns 423,311 shares of the company's stock, valued at $4,487,096.60.

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products.

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