Dennis P. Mcnamara Sells 2,000 Shares of Oppenheimer Holdings, Inc. (NYSE:OPY) Stock

Key Points

• Dennis P. Mcnamara, an insider at Oppenheimer Holdings, Inc. (NYSE:OPY), sold 2,000 shares at an average price of $73.81, decreasing his position by 8.42%.
• The company reported $373.18 million in revenue for the last quarter, with an EPS of $1.91 and a return on equity of 10.13%.
• Oppenheimer announced a quarterly dividend of $0.18 per share, representing a 1.0% yield and a payout ratio of 9.34%.

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) insider Dennis P. Mcnamara sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total value of $147,620.00. Following the completion of the transaction, the insider owned 21,766 shares in the company, valued at $1,606,548.46. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Oppenheimer Trading Up 1.1%

OPY traded up $0.78 during trading on Friday, hitting $72.06. The stock had a trading volume of 16,145 shares, compared to its average volume of 43,295. The firm has a market cap of $758.08 million, a PE ratio of 9.38 and a beta of 1.24. Oppenheimer Holdings, Inc. has a 12 month low of $47.39 and a 12 month high of $77.83. The company has a 50 day simple moving average of $67.54 and a 200-day simple moving average of $63.97.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.91 EPS for the quarter. The company had revenue of $373.18 million for the quarter. Oppenheimer had a return on equity of 10.13% and a net margin of 5.88%.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 15th. Oppenheimer's payout ratio is 9.34%.

Institutional Trading of Oppenheimer

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Oppenheimer by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock worth $24,724,000 after buying an additional 20,937 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Oppenheimer by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 18,940 shares of the financial services provider's stock valued at $1,214,000 after acquiring an additional 1,787 shares during the period. Norges Bank bought a new position in shares of Oppenheimer during the fourth quarter valued at $327,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Oppenheimer by 3.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider's stock valued at $5,804,000 after purchasing an additional 3,119 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Oppenheimer by 37.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,161 shares of the financial services provider's stock worth $1,036,000 after purchasing an additional 4,386 shares during the last quarter. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Oppenheimer from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

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.