American Century Companies Inc. Has $13.56 Million Stock Holdings in Oppenheimer Holdings, Inc. $OPY

American Century Companies Inc. raised its holdings in Oppenheimer Holdings, Inc. (NYSE:OPY) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,389 shares of the financial services provider’s stock after purchasing an additional 33,433 shares during the quarter. American Century Companies Inc. owned 2.16% of Oppenheimer worth $13,559,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of OPY. State of Wyoming increased its position in Oppenheimer by 10.9% during the 4th quarter. State of Wyoming now owns 4,403 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 431 shares in the last quarter. Jane Street Group LLC increased 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 purchasing an additional 666 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Oppenheimer by 3.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 822 shares in the last quarter. Beverly Hills Private Wealth LLC increased its position in Oppenheimer by 3.3% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider’s stock worth $1,748,000 after purchasing an additional 866 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Oppenheimer during the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

Insider Activity

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of Oppenheimer stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total transaction of $147,620.00. Following the transaction, the insider directly owned 21,766 shares of the company’s stock, valued at approximately $1,606,548.46. The trade was a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Friedman sold 3,500 shares of Oppenheimer stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $63.32, for a total value of $221,620.00. Following the transaction, the director directly owned 20,500 shares in the company, valued at $1,298,060. The trade was a 14.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 34.25% of the stock is currently owned by insiders.

Oppenheimer Trading Down 0.7%

Shares of OPY opened at $71.6180 on Tuesday. The company has a market capitalization of $753.42 million, a PE ratio of 9.29 and a beta of 1.24. Oppenheimer Holdings, Inc. has a 12 month low of $47.39 and a 12 month high of $77.83. The stock’s 50-day moving average price is $69.46 and its two-hundred day moving average price is $63.99.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, August 1st. The financial services provider reported $1.91 EPS for the quarter. The firm had revenue of $373.18 million for the quarter. Oppenheimer had a return on equity of 10.13% and a net margin of 5.88%.

Oppenheimer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 1.0%. Oppenheimer’s payout ratio is presently 9.34%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Oppenheimer from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 10th.

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.