Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,916 shares of the financial services provider's stock after selling 7,219 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.07% of Oppenheimer worth $443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OPY. Jane Street Group LLC grew its holdings 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 last quarter. Northern Trust Corp grew its stake in shares of Oppenheimer by 9.4% in the 4th 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 during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Oppenheimer by 3.7% in the 4th 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 during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Oppenheimer in the fourth quarter valued at approximately $1,717,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Oppenheimer during the fourth quarter worth approximately $222,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Stock Performance

NYSE OPY traded up $0.60 during trading hours on Friday, hitting $63.20. 34,251 shares of the stock were exchanged, compared to its average volume of 36,872. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The company has a market cap of $665.13 million, a price-to-earnings ratio of 9.92 and a beta of 1.22. Oppenheimer Holdings Inc. has a 12-month low of $44.59 and a 12-month high of $73.12. The stock has a 50-day moving average of $59.66 and a 200 day moving average of $62.59.

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 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 for the quarter.

Oppenheimer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, May 9th. Oppenheimer's payout ratio is currently 10.71%.

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.