Oppenheimer Holdings, Inc. $OPY Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,211 shares of the financial services provider’s stock after purchasing an additional 44,145 shares during the period. American Century Companies Inc. owned approximately 2.84% of Oppenheimer worth $22,115,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OPY. Vanguard Group Inc. raised its position in Oppenheimer by 2.5% in the third quarter. Vanguard Group Inc. now owns 426,033 shares of the financial services provider’s stock worth $31,488,000 after acquiring an additional 10,345 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Oppenheimer by 54.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,438 shares of the financial services provider’s stock valued at $5,132,000 after purchasing an additional 24,596 shares in the last quarter. Geode Capital Management LLC grew its position in Oppenheimer by 0.3% during the second quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after buying an additional 214 shares during the period. Empowered Funds LLC increased its holdings in Oppenheimer by 5.3% in the first quarter. Empowered Funds LLC now owns 36,347 shares of the financial services provider’s stock valued at $2,167,000 after buying an additional 1,836 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Oppenheimer during the 2nd quarter worth approximately $2,016,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oppenheimer

In related news, insider Dennis P. Mcnamara sold 4,673 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $90.67, for a total transaction of $423,700.91. Following the transaction, the insider owned 20,177 shares of the company’s stock, valued at approximately $1,829,448.59. This represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 34.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OPY shares. Cantor Fitzgerald cut Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen upgraded Oppenheimer from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Oppenheimer Stock Performance

OPY stock opened at $83.34 on Tuesday. The stock’s 50 day moving average price is $82.44 and its 200 day moving average price is $75.13. The firm has a market cap of $876.74 million, a P/E ratio of 6.39 and a beta of 1.18. Oppenheimer Holdings, Inc. has a 1 year low of $49.26 and a 1 year high of $94.10.

Oppenheimer (NYSE:OPY) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. The company had revenue of $472.63 million during the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. Oppenheimer’s payout ratio is currently 5.52%.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.