Oppenheimer Holdings, Inc. (NYSE:OPY) Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. reduced its stake in Oppenheimer Holdings, Inc. by 5.0% in the first quarter, now holding 75,334 shares valued at $4,492,000.
• Royce & Associates LP significantly increased its position by 114.8%, owning 80,551 shares valued at $4,803,000 after purchasing an additional 43,050 shares.
• Oppenheimer's stock opened at $73.09 and has a market cap of $768.88 million, reflecting significant volatility with a one-year trading range of $47.39 to $74.20.

TCW Group Inc. reduced its position in Oppenheimer Holdings, Inc. (NYSE:OPY - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,334 shares of the financial services provider's stock after selling 3,966 shares during the quarter. TCW Group Inc. owned about 0.72% of Oppenheimer worth $4,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Oppenheimer by 114.8% in the first quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider's stock valued at $4,803,000 after buying an additional 43,050 shares during the last quarter. Arbiter Partners Capital Management LLC raised its holdings in Oppenheimer by 117.0% in the 4th quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider's stock valued at $3,184,000 after acquiring an additional 26,783 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Oppenheimer in the 4th quarter worth approximately $1,717,000. American Century Companies Inc. lifted its stake in Oppenheimer by 16.0% in the 4th quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider's stock worth $12,431,000 after purchasing an additional 26,686 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Oppenheimer by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock worth $24,724,000 after purchasing an additional 20,937 shares during the last quarter. Hedge funds and other institutional investors own 32.26% of the company's stock.

Insider Activity

In related news, Director Paul M. Friedman sold 3,500 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $63.32, for a total transaction of $221,620.00. Following the completion of the sale, the director directly owned 20,500 shares in the company, valued at approximately $1,298,060. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 34.25% of the company's stock.

Oppenheimer Stock Performance

NYSE:OPY opened at $73.09 on Monday. Oppenheimer Holdings, Inc. has a one year low of $47.39 and a one year high of $74.20. The stock has a market cap of $768.88 million, a PE ratio of 10.88 and a beta of 1.20. The stock has a 50 day moving average price of $65.83 and a 200 day moving average price of $63.41.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. The business had revenue of $367.83 million during the quarter. Oppenheimer had a return on equity of 9.03% and a net margin of 5.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.