Brandywine Global Investment Management LLC Trims Stock Holdings in Oppenheimer Holdings, Inc. $OPY

Brandywine Global Investment Management LLC lowered its stake in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,858 shares of the financial services provider’s stock after selling 900 shares during the period. Brandywine Global Investment Management LLC owned 0.24% of Oppenheimer worth $1,635,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Caxton Associates LLP bought a new stake in shares of Oppenheimer during the 1st quarter valued at $206,000. AlphaQuest LLC purchased a new position in Oppenheimer during the 2nd quarter valued at about $223,000. State of Wyoming increased its position 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 buying an additional 706 shares during the period. Inspire Investing LLC lifted its holdings in shares of Oppenheimer by 2.5% in the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock worth $392,000 after buying an additional 145 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Oppenheimer by 39.2% in the first 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 owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Oppenheimer Stock Up 0.6%

NYSE OPY opened at $66.50 on Tuesday. The stock’s 50-day simple moving average is $70.31 and its two-hundred day simple moving average is $69.07. Oppenheimer Holdings, Inc. has a twelve month low of $49.26 and a twelve month high of $79.99. The company has a market capitalization of $699.68 million, a price-to-earnings ratio of 8.63 and a beta of 1.22.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter. The firm had revenue of $401.94 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 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 14th. Oppenheimer’s payout ratio is presently 9.66%.

About Oppenheimer

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.