Invesco Ltd. Has $2.48 Million Stock Holdings in Oppenheimer Holdings, Inc. $OPY

Key Points

• Invesco Ltd. increased its stake in Oppenheimer Holdings, Inc. by 864.7%, acquiring an additional 37,284 shares, bringing its total holdings to 41,596 shares worth approximately $2.48 million.
• Oppenheimer recently reported earnings of $1.91 per share for its latest quarter, with a revenue of $373.18 million and a return on equity of 10.13%.
• Wall Street analysts upgraded Oppenheimer's rating from “hold” to “strong-buy”, indicating positive growth prospects for the company.

Invesco Ltd. lifted its holdings in shares of Oppenheimer Holdings, Inc. (NYSE:OPY - Free Report) by 864.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,596 shares of the financial services provider's stock after purchasing an additional 37,284 shares during the quarter. Invesco Ltd. owned about 0.40% of Oppenheimer worth $2,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OPY. Tower Research Capital LLC TRC purchased a new position in Oppenheimer in the fourth quarter valued at about $87,000. Susquehanna Fundamental Investments LLC bought a new stake in Oppenheimer in the fourth quarter valued at about $222,000. Tudor Investment Corp ET AL increased its holdings in Oppenheimer by 3.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 822 shares during the last quarter. Northern Trust Corp boosted its stake 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 acquiring an additional 1,466 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Oppenheimer by 10.7% during the fourth quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock worth $442,000 after buying an additional 666 shares during the period. Institutional investors and hedge funds own 32.26% of the company's stock.

Oppenheimer Trading Up 1.6%

NYSE:OPY traded up $1.17 during mid-day trading on Monday, hitting $72.72. The company's stock had a trading volume of 56,148 shares, compared to its average volume of 37,130. Oppenheimer Holdings, Inc. has a fifty-two week low of $47.39 and a fifty-two week high of $77.83. The company has a market capitalization of $765.04 million, a price-to-earnings ratio of 9.43 and a beta of 1.21. The stock has a fifty day moving average of $70.37 and a 200-day moving average of $64.24.

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

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Oppenheimer's dividend payout ratio (DPR) is currently 9.34%.

Insiders Place Their Bets

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total transaction of $147,620.00. Following the sale, the insider directly owned 21,766 shares of the company's stock, valued at $1,606,548.46. The trade was a 8.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul M. Friedman sold 3,500 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $63.32, for a total transaction of $221,620.00. Following the sale, the director directly owned 20,500 shares in the company, valued at $1,298,060. This trade represents a 14.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 34.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Oppenheimer from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 10th.

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.