D. E. Shaw & Co. Inc. Purchases 10,387 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

D. E. Shaw & Co. Inc. grew its holdings in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,843 shares of the financial services provider's stock after buying an additional 10,387 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.33% of Oppenheimer worth $2,169,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in Oppenheimer during the 4th quarter worth about $87,000. Jump Financial LLC acquired a new position in shares of Oppenheimer during the fourth quarter worth approximately $205,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Oppenheimer during the fourth quarter worth approximately $222,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Oppenheimer during the fourth quarter valued at approximately $224,000. Finally, Metis Global Partners LLC acquired a new stake in shares of Oppenheimer in the fourth quarter valued at approximately $234,000. 32.26% of the stock is owned by institutional investors.

Oppenheimer Trading Down 0.3%

Oppenheimer stock traded down $0.21 during mid-day trading on Monday, hitting $63.87. The stock had a trading volume of 67,546 shares, compared to its average volume of 36,783. The stock has a 50-day simple moving average of $59.12 and a two-hundred day simple moving average of $62.40. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $672.25 million, a PE ratio of 10.03 and a beta of 1.20. Oppenheimer Holdings Inc. has a 12 month low of $44.55 and a 12 month high of $73.12.

Oppenheimer (NYSE:OPY - Get Free Report) last released its 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 company had revenue of $367.83 million for the quarter.

Oppenheimer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's dividend payout ratio is currently 10.71%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.

Oppenheimer 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.