Boston Partners Buys New Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Boston Partners acquired a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,833 shares of the financial services provider's stock, valued at approximately $822,000. Boston Partners owned about 0.12% of Oppenheimer as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC raised its position in Oppenheimer by 140.1% in the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider's stock worth $208,000 after acquiring an additional 2,375 shares during the period. FMR LLC lifted its holdings in shares of Oppenheimer by 26.3% in the third quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock worth $618,000 after buying an additional 2,512 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 3,115 shares during the last quarter. PDT Partners LLC bought a new position in Oppenheimer during the third quarter valued at approximately $464,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Oppenheimer in the third quarter valued at $290,000. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

Oppenheimer Trading Down 1.5 %

OPY traded down $0.93 during trading hours on Wednesday, reaching $61.20. 14,799 shares of the company's stock traded hands, compared to its average volume of 32,889. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $65.26 and a 200 day moving average price of $60.14. Oppenheimer Holdings Inc. has a 52-week low of $36.93 and a 52-week high of $73.12. The firm has a market capitalization of $644.08 million, a PE ratio of 9.61 and a beta of 1.12.

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Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. Oppenheimer's dividend payout ratio is currently 11.30%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Oppenheimer from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd.

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.