Walleye Capital LLC purchased a new stake in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,426 shares of the financial services provider's stock, valued at approximately $604,000. Walleye Capital LLC owned 0.09% of Oppenheimer at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. purchased a new position in shares of Oppenheimer in the 4th quarter valued at approximately $224,000. Metis Global Partners LLC purchased a new position in shares of Oppenheimer in the 4th quarter valued at approximately $234,000. KLP Kapitalforvaltning AS purchased a new position in shares of Oppenheimer in the 4th quarter valued at approximately $308,000. Jane Street Group LLC purchased a new position in shares of Oppenheimer in the 3rd quarter valued at approximately $319,000. Finally, Norges Bank purchased a new position in shares of Oppenheimer in the 4th quarter valued at approximately $327,000. 32.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.
Check Out Our Latest Research Report on Oppenheimer
Oppenheimer Stock Performance
NYSE:OPY traded down $0.52 during midday trading on Monday, hitting $58.19. The company's stock had a trading volume of 36,092 shares, compared to its average volume of 34,977. Oppenheimer Holdings Inc. has a fifty-two week low of $39.75 and a fifty-two week high of $73.12. The firm's 50 day moving average is $59.15 and its 200-day moving average is $61.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market cap of $612.40 million, a P/E ratio of 9.13 and a beta of 1.10.
Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%. The company had revenue of $367.83 million for the quarter.
Oppenheimer Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. Oppenheimer's payout ratio is 11.30%.
About Oppenheimer
(
Free Report)
Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.
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