Suntrust Banks Inc. grew its stake in shares of Acco Brands Corporation (NYSE:ACCO) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,422 shares of the industrial products company’s stock after acquiring an additional 313 shares during the period. Suntrust Banks Inc.’s holdings in Acco Brands Corporation were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Acco Brands Corporation by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,716,711 shares of the industrial products company’s stock valued at $113,200,000 after acquiring an additional 50,566 shares during the period. Northern Trust Corp lifted its position in shares of Acco Brands Corporation by 9.5% during the 2nd quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock valued at $28,288,000 after acquiring an additional 210,786 shares during the period. GSA Capital Partners LLP lifted its position in shares of Acco Brands Corporation by 24.0% during the 2nd quarter. GSA Capital Partners LLP now owns 42,014 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 8,125 shares during the period. Menta Capital LLC lifted its position in shares of Acco Brands Corporation by 29.3% during the 2nd quarter. Menta Capital LLC now owns 148,070 shares of the industrial products company’s stock valued at $1,725,000 after acquiring an additional 33,597 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Acco Brands Corporation by 148.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 51,735 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 30,939 shares during the period. Institutional investors own 91.14% of the company’s stock.

Several brokerages recently issued reports on ACCO. BidaskClub upgraded Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 3rd. ValuEngine upgraded Acco Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, BWS Financial restated a “buy” rating and set a $18.00 price objective on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.

In related news, VP Neal V. Fenwick bought 12,313 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the transaction, the vice president now directly owns 423,311 shares in the company, valued at $4,487,096.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory J. Mccormack sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $10.95, for a total transaction of $273,750.00. Following the completion of the sale, the insider now owns 63,889 shares of the company’s stock, valued at approximately $699,584.55. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

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Acco Brands Corporation (ACCO) opened at 12.65 on Friday. The firm has a 50-day moving average price of $11.44 and a 200 day moving average price of $12.01. Acco Brands Corporation has a one year low of $9.06 and a one year high of $14.75. The firm has a market capitalization of $1.38 billion, a P/E ratio of 25.20 and a beta of 1.40.

Acco Brands Corporation (NYSE:ACCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $490.00 million during 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 firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities research analysts anticipate that Acco Brands Corporation will post $1.10 earnings per share for the current year.

About Acco Brands Corporation

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)

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