Y Intercept Hong Kong Ltd Buys Shares of 9,858 Oppenheimer Holdings, Inc. $OPY

Y Intercept Hong Kong Ltd purchased a new stake in Oppenheimer Holdings, Inc. (NYSE:OPY) during the second quarter, according to its most recent filing with the SEC. The firm purchased 9,858 shares of the financial services provider’s stock, valued at approximately $648,000. Y Intercept Hong Kong Ltd owned 0.09% of Oppenheimer at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Inspire Investing LLC raised its position in shares of Oppenheimer by 2.5% in the 2nd quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 145 shares during the period. State of Wyoming raised its position in shares of Oppenheimer by 16.0% in the 1st quarter. State of Wyoming now owns 5,109 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 706 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Oppenheimer by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 75,840 shares of the financial services provider’s stock valued at $4,522,000 after acquiring an additional 1,836 shares during the period. Empowered Funds LLC raised its position in shares of Oppenheimer by 5.3% in the 1st quarter. Empowered Funds LLC now owns 36,347 shares of the financial services provider’s stock valued at $2,167,000 after acquiring an additional 1,836 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Oppenheimer by 39.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 2,296 shares during the period. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Oppenheimer Stock Performance

Shares of OPY stock opened at $67.83 on Thursday. The company has a market capitalization of $713.64 million, a P/E ratio of 8.80 and a beta of 1.18. The company’s 50 day moving average price is $72.04 and its two-hundred day moving average price is $68.28. Oppenheimer Holdings, Inc. has a 52 week low of $49.26 and a 52 week high of $79.99.

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

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. Oppenheimer’s dividend payout ratio (DPR) is 9.66%.

Wall Street Analyst Weigh In

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

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.