Oppenheimer Holdings, Inc. Declares Quarterly Dividend of $0.18 (NYSE:OPY)

Key Points

• Oppenheimer Holdings, Inc. announced a quarterly dividend of $0.18 per share, payable on August 29th to shareholders of record on August 15th, representing an annual yield of 1.0%.
• The company's stock performance includes a current price of $74.33, with a market capitalization of $782.32 million and a price-to-earnings ratio of 11.06.
• Oppenheimer reported quarterly earnings of $1.91 EPS, with a net margin of 5.26% and a return on equity of 9.03% during its latest earnings release.

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) declared a quarterly dividend on Friday, August 1st, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.18 per share by the financial services provider on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 15th.

Oppenheimer Price Performance

Shares of OPY traded down $0.93 during trading hours on Tuesday, reaching $73.59. 59,585 shares of the company's stock traded hands, compared to its average volume of 43,209. The firm has a market capitalization of $774.17 million, a price-to-earnings ratio of 9.54 and a beta of 1.24. Oppenheimer has a twelve month low of $47.39 and a twelve month high of $77.83. The business's fifty day simple moving average is $67.10 and its two-hundred day simple moving average is $63.81.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share for the quarter. Oppenheimer had a return on equity of 10.26% and a net margin of 5.88%. The business had revenue of $373.18 million during the quarter.

Insider Buying and Selling at Oppenheimer

In related news, Director Paul M. Friedman sold 3,500 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $63.32, for a total value of $221,620.00. Following the completion of the transaction, the director owned 20,500 shares in the company, valued at $1,298,060. This trade represents a 14.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 34.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oppenheimer

Institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. boosted its position in Oppenheimer by 44.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 33,843 shares of the financial services provider's stock worth $2,169,000 after acquiring an additional 10,387 shares during the period. Royce & Associates LP boosted 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 period. Boothbay Fund Management LLC acquired a new stake in Oppenheimer during the 4th quarter worth about $1,717,000. Norges Bank acquired a new stake in Oppenheimer during the 4th quarter worth about $327,000. Finally, Jane Street Group LLC boosted its position in Oppenheimer by 10.7% during the 4th quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock worth $442,000 after acquiring an additional 666 shares during the period. 32.26% of the stock is currently owned by institutional investors and hedge funds.

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.