Acadian Asset Management LLC Sells 1,817 Shares of Oppenheimer Holdings, Inc. $OPY

Acadian Asset Management LLC cut its position in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,555 shares of the financial services provider’s stock after selling 1,817 shares during the period. Acadian Asset Management LLC owned about 0.21% of Oppenheimer worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Oppenheimer in the fourth quarter valued at about $77,000. GAMMA Investing LLC raised its holdings in shares of Oppenheimer by 8,364.5% in the 1st quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,593 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Oppenheimer in the 1st quarter valued at about $206,000. State of Wyoming raised its holdings in shares of Oppenheimer by 10.9% in the 4th quarter. State of Wyoming now owns 4,403 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 431 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Oppenheimer by 10.7% in the 4th quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 666 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

Insider Transactions at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total transaction of $147,620.00. Following the transaction, the insider owned 21,766 shares in the company, valued at $1,606,548.46. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 34.25% of the stock is owned by corporate insiders.

Oppenheimer Stock Up 0.9%

NYSE OPY opened at $78.03 on Thursday. The firm has a market cap of $820.82 million, a PE ratio of 10.12 and a beta of 1.21. The company has a 50 day moving average price of $72.36 and a 200 day moving average price of $65.08. Oppenheimer Holdings, Inc. has a 52 week low of $47.39 and a 52 week high of $79.32.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. The business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Oppenheimer’s dividend payout ratio is currently 9.34%.

Analyst Upgrades and Downgrades

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

Oppenheimer 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.