Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Man Group plc

Man Group plc trimmed its stake in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 77.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,572 shares of the financial services provider's stock after selling 16,073 shares during the period. Man Group plc's holdings in Oppenheimer were worth $293,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of Oppenheimer by 10.7% in the fourth quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock valued at $442,000 after purchasing an additional 666 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of 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 purchasing an additional 822 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of Oppenheimer by 3.3% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider's stock valued at $1,748,000 after purchasing an additional 866 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Oppenheimer in the fourth quarter valued at approximately $87,000. Finally, Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 1,466 shares in the last quarter. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Stock Up 1.0%

NYSE OPY traded up $0.65 on Thursday, hitting $66.19. 54,539 shares of the stock were exchanged, compared to its average volume of 37,075. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a fifty-two week low of $44.55 and a fifty-two week high of $73.12. The company has a market cap of $696.65 million, a PE ratio of 10.39 and a beta of 1.20. The company has a 50-day moving average price of $59.38 and a 200-day moving average price of $62.47.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 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 during the quarter.

Oppenheimer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's dividend payout ratio (DPR) is presently 10.71%.

Analyst Ratings Changes

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

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.