Dimensional Fund Advisors LP Sells 11,713 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Dimensional Fund Advisors LP cut its stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 495,916 shares of the financial services provider's stock after selling 11,713 shares during the quarter. Dimensional Fund Advisors LP owned 4.80% of Oppenheimer worth $31,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of OPY. Jump Financial LLC purchased a new stake in shares of Oppenheimer during the 4th quarter valued at $205,000. Charles Schwab Investment Management Inc. purchased a new stake in Oppenheimer during the fourth quarter valued at about $224,000. Metis Global Partners LLC bought a new stake in Oppenheimer during the fourth quarter worth about $234,000. KLP Kapitalforvaltning AS purchased a new position in shares of Oppenheimer in the 4th quarter worth about $308,000. Finally, Jane Street Group LLC bought a new position in shares of Oppenheimer during the 3rd quarter valued at about $319,000. Hedge funds and other institutional investors own 32.26% of the company's stock.

Oppenheimer Price Performance

Shares of Oppenheimer stock opened at $60.68 on Tuesday. The stock has a market capitalization of $638.60 million, a price-to-earnings ratio of 9.53 and a beta of 1.20. The company has a fifty day moving average of $58.77 and a 200-day moving average of $61.66. Oppenheimer Holdings Inc. has a 52-week low of $40.83 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 posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%. The business had revenue of $367.83 million during the quarter.

Oppenheimer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.18 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.72 annualized dividend and a yield of 1.19%. Oppenheimer's payout ratio is currently 10.71%.

Analysts Set New Price Targets

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

Oppenheimer Company Profile

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.

Want to see what other hedge funds are holding OPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oppenheimer Holdings Inc. (NYSE:OPY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.