Oppenheimer Holdings Inc. (NYSE:OPY) Director Paul M. Friedman Sells 3,500 Shares

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) Director Paul M. Friedman sold 3,500 shares of Oppenheimer stock in a transaction 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 completion of the transaction, the director now owns 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 legal filing with the SEC, which is available at the SEC website.

Oppenheimer Price Performance

Shares of OPY traded down $1.13 during midday trading on Friday, hitting $62.36. The company's stock had a trading volume of 64,669 shares, compared to its average volume of 37,100. Oppenheimer Holdings Inc. has a one year low of $44.59 and a one year high of $73.12. The company's fifty day simple moving average is $60.62 and its two-hundred day simple moving average is $62.70. 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 stock has a market capitalization of $656.34 million, a price-to-earnings ratio of 9.79 and a beta of 1.22.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The business had revenue of $367.83 million for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.18 per share. The ex-dividend date was Friday, May 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. Oppenheimer's dividend payout ratio is currently 10.71%.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Oppenheimer by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider's stock worth $23,341,000 after acquiring an additional 5,666 shares during the last quarter. American Century Companies Inc. grew its position in Oppenheimer by 17.2% during the 1st quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider's stock worth $13,559,000 after acquiring an additional 33,433 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Oppenheimer by 3.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider's stock worth $5,804,000 after acquiring an additional 3,119 shares during the last quarter. Royce & Associates LP grew its position in Oppenheimer by 114.8% during the 1st quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider's stock worth $4,803,000 after acquiring an additional 43,050 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in Oppenheimer by 3.5% during the 4th quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock worth $5,082,000 after buying an additional 2,700 shares during the period. Institutional investors own 32.26% of the company's stock.

Oppenheimer Company 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.