Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC reduced its stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,004 shares of the financial services provider's stock after selling 8,380 shares during the period. Bridgeway Capital Management LLC owned 0.72% of Oppenheimer worth $4,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bosun Asset Management LLC increased its holdings in shares of Oppenheimer by 235.6% during the 4th quarter. Bosun Asset Management LLC now owns 19,883 shares of the financial services provider's stock worth $1,274,000 after buying an additional 13,958 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Oppenheimer by 15.4% in the 4th quarter. Bank of America Corp DE now owns 23,534 shares of the financial services provider's stock valued at $1,508,000 after purchasing an additional 3,145 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of Oppenheimer by 3.3% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider's stock worth $1,748,000 after purchasing an additional 866 shares during the period. Jane Street Group LLC increased its position in Oppenheimer by 10.7% during the 4th quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock worth $442,000 after purchasing an additional 666 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Oppenheimer by 9.4% in the fourth quarter. Northern Trust Corp now owns 17,072 shares of the financial services provider's stock valued at $1,094,000 after buying an additional 1,466 shares during the period. Institutional investors and hedge funds own 32.26% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd.

Oppenheimer Stock Up 1.3%

Oppenheimer stock traded up $0.81 during trading on Tuesday, reaching $63.62. 6,747 shares of the company's stock were exchanged, compared to its average volume of 35,804. The company's 50-day moving average is $58.41 and its two-hundred day moving average is $62.05. The firm has a market cap of $669.60 million, a price-to-earnings ratio of 9.99 and a beta of 1.20. Oppenheimer Holdings Inc. has a 52-week low of $43.38 and a 52-week high of $73.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The firm had revenue of $367.83 million during the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.18 dividend. 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 1.13%. Oppenheimer's dividend payout ratio (DPR) is 10.71%.

About Oppenheimer

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.