Oppenheimer Holdings Inc. (NYSE:OPY) Announces $0.15 Quarterly Dividend

Oppenheimer Holdings Inc. (NYSE:OPY – Get Rating) declared a quarterly dividend on Friday, April 29th, Zacks reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.15 per share by the financial services provider on Friday, May 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 12th.

Oppenheimer has raised its dividend by an average of 51.8% annually over the last three years and has raised its dividend every year for the last 1 years.

Shares of OPY opened at $32.22 on Friday. Oppenheimer has a 1-year low of $31.69 and a 1-year high of $55.75. The company has a market capitalization of $400.17 million, a P/E ratio of 2.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $40.05 and its 200 day simple moving average is $44.71.

Oppenheimer (NYSE:OPY – Get Rating) last posted its quarterly earnings data on Friday, January 28th. The financial services provider reported $4.61 earnings per share for the quarter. Oppenheimer had a net margin of 11.40% and a return on equity of 20.69%. The firm had revenue of $365.12 million for the quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPY. Millennium Management LLC raised its position in Oppenheimer by 103.7% during the fourth quarter. Millennium Management LLC now owns 173,764 shares of the financial services provider’s stock valued at $8,057,000 after purchasing an additional 88,456 shares in the last quarter. Morgan Stanley increased its holdings in shares of Oppenheimer by 325.5% in the second quarter. Morgan Stanley now owns 96,618 shares of the financial services provider’s stock worth $4,912,000 after buying an additional 73,911 shares during the period. State Street Corp increased its holdings in shares of Oppenheimer by 20.6% in the fourth quarter. State Street Corp now owns 314,207 shares of the financial services provider’s stock worth $14,570,000 after buying an additional 53,620 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Oppenheimer by 217.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 17,444 shares of the financial services provider’s stock worth $809,000 after buying an additional 11,951 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Oppenheimer in the fourth quarter worth about $527,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

Separately, StockNews.com started coverage on Oppenheimer in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

About Oppenheimer (Get Rating)

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter 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.

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