Oppenheimer Holdings, Inc. $OPY Stake Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its holdings in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 39.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,154 shares of the financial services provider’s stock after buying an additional 2,296 shares during the period. Goldman Sachs Group Inc. owned 0.08% of Oppenheimer worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OPY. Boston Partners raised its holdings in shares of Oppenheimer by 457.7% during the first quarter. Boston Partners now owns 71,568 shares of the financial services provider’s stock valued at $4,268,000 after buying an additional 58,735 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Oppenheimer by 114.8% during the first quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider’s stock valued at $4,803,000 after buying an additional 43,050 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Oppenheimer by 864.7% during the first quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 37,284 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Oppenheimer by 17.2% during the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider’s stock valued at $13,559,000 after buying an additional 33,433 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Oppenheimer by 581.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,866 shares of the financial services provider’s stock valued at $1,423,000 after buying an additional 20,366 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Insider Transactions at Oppenheimer

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of Oppenheimer stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total value of $147,620.00. Following the transaction, the insider owned 21,766 shares in the company, valued at approximately $1,606,548.46. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 34.25% of the company’s stock.

Oppenheimer Stock Performance

Oppenheimer stock opened at $76.85 on Friday. The firm has a market cap of $808.41 million, a price-to-earnings ratio of 9.97 and a beta of 1.21. Oppenheimer Holdings, Inc. has a 1 year low of $47.39 and a 1 year high of $79.99. The firm’s 50 day moving average price is $73.61 and its two-hundred day moving average price is $65.70.

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

Oppenheimer Announces Dividend

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

Analyst Ratings Changes

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