AlphaQuest LLC Makes New $223,000 Investment in Oppenheimer Holdings, Inc. $OPY

AlphaQuest LLC acquired a new stake in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,388 shares of the financial services provider’s stock, valued at approximately $223,000.

Other hedge funds also recently made changes to their positions in the company. Caxton Associates LLP purchased a new stake in shares of Oppenheimer during the first quarter valued at approximately $206,000. State of Wyoming raised its stake in shares of Oppenheimer by 16.0% during the first quarter. State of Wyoming now owns 5,109 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 706 shares during the period. Inspire Investing LLC raised its stake in shares of Oppenheimer by 2.5% during the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 145 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Oppenheimer by 39.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 2,296 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 20,366 shares during the period. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Oppenheimer from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oppenheimer presently has an average rating of “Buy”.

Oppenheimer Price Performance

OPY stock opened at $69.50 on Friday. Oppenheimer Holdings, Inc. has a 1-year low of $49.26 and a 1-year high of $79.99. The firm has a fifty day moving average price of $72.29 and a two-hundred day moving average price of $68.05. The firm has a market cap of $731.21 million, a price-to-earnings ratio of 9.01 and a beta of 1.18.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter. Oppenheimer had a net margin of 5.88% and a return on equity of 10.13%. The firm had revenue of $424.44 million during the quarter.

Oppenheimer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, November 14th. This represents a $0.72 annualized dividend and a yield of 1.0%. Oppenheimer’s payout ratio is presently 9.34%.

Insiders Place Their Bets

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total transaction of $147,620.00. Following the completion of the sale, the insider owned 21,766 shares in the company, valued at $1,606,548.46. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 34.25% of the stock is currently owned by insiders.

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.