Boston Partners Has $4.27 Million Stake in Oppenheimer Holdings, Inc. $OPY

Key Points

• Boston Partners increased its holdings in Oppenheimer Holdings by 457.7% in the first quarter, acquiring a total of 71,568 shares valued at approximately $4.27 million.
• Oppenheimer recently announced a quarterly dividend of $0.18, yielding around 1.0%, with the ex-dividend date set for August 15th.
• Analysts at Wall Street Zen upgraded Oppenheimer's stock rating from "hold" to "strong-buy" on August 10th.

Boston Partners grew its stake in Oppenheimer Holdings, Inc. (NYSE:OPY - Free Report) by 457.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,568 shares of the financial services provider's stock after purchasing an additional 58,735 shares during the period. Boston Partners owned about 0.68% of Oppenheimer worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OPY. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Oppenheimer in the 4th quarter valued at approximately $77,000. Tower Research Capital LLC TRC acquired a new stake in shares of Oppenheimer in the 4th quarter valued at approximately $87,000. GAMMA Investing LLC boosted its stake in shares of Oppenheimer by 8,364.5% in the 1st quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 2,593 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Oppenheimer in the 4th quarter valued at approximately $205,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Oppenheimer in the 4th quarter valued at approximately $222,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Paul M. Friedman sold 3,500 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $63.32, for a total value of $221,620.00. Following the transaction, the director owned 20,500 shares in the company, valued at approximately $1,298,060. The trade was a 14.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dennis P. Mcnamara sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total transaction 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 trade represents a 8.42% decrease in their position. The disclosure for this sale can be found here. 34.25% of the stock is currently owned by insiders.

Oppenheimer Trading Up 3.4%

NYSE:OPY traded up $2.3650 during mid-day trading on Friday, hitting $72.5250. 7,305 shares of the company's stock were exchanged, compared to its average volume of 42,677. The company has a 50 day simple moving average of $69.08 and a 200-day simple moving average of $63.97. Oppenheimer Holdings, Inc. has a fifty-two week low of $47.39 and a fifty-two week high of $77.83. The firm has a market capitalization of $762.96 million, a P/E ratio of 9.41 and a beta of 1.24.

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

Oppenheimer Dividend Announcement

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

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.