Wipfli Financial Advisors LLC acquired a new position in shares of Oppenheimer Holdings Inc. (NYSE:OPY – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,183 shares of the financial services provider’s stock, valued at approximately $37,000.
Other large investors also recently made changes to their positions in the company. FMR LLC grew its position in shares of Oppenheimer by 0.7% in the 2nd quarter. FMR LLC now owns 51,523 shares of the financial services provider’s stock valued at $1,702,000 after acquiring an additional 366 shares during the period. JPMorgan Chase & Co. grew its holdings in Oppenheimer by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 4,727 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 375 shares during the period. Point72 Hong Kong Ltd acquired a new position in Oppenheimer during the first quarter worth approximately $34,000. Amalgamated Bank acquired a new stake in shares of Oppenheimer in the first quarter valued at approximately $49,000. Finally, Martingale Asset Management L P boosted its stake in shares of Oppenheimer by 6.0% during the 2nd quarter. Martingale Asset Management L P now owns 22,716 shares of the financial services provider’s stock worth $751,000 after acquiring an additional 1,287 shares during the period. Institutional investors and hedge funds own 40.52% of the company’s stock.
Oppenheimer Price Performance
Shares of NYSE OPY opened at $45.97 on Thursday. The firm has a market cap of $504.11 million, a P/E ratio of 8.59 and a beta of 1.13. The business’s 50 day moving average is $41.88 and its 200-day moving average is $36.80. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. Oppenheimer Holdings Inc. has a 1-year low of $28.41 and a 1-year high of $47.30.
Oppenheimer Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Friday, November 11th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. Oppenheimer’s dividend payout ratio is presently 11.21%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Oppenheimer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 14th. TheStreet upgraded shares of Oppenheimer from a “c+” rating to a “b” rating in a research note on Friday, November 18th.
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.
- Get a free copy of the StockNews.com research report on Oppenheimer (OPY)
- Procter & Gamble Earnings: A Gamble Worth Taking
- Stocks Slide, Economic Report Paints Gloomy Picture For Economy
- What does Nu Holdings Stock Have To Do With Warren Buffett?
- J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus
- Is Intel Stock On The Verge Of Breaking Out?
Receive News & Ratings for Oppenheimer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oppenheimer and related companies with MarketBeat.com's FREE daily email newsletter.