Norges Bank acquired a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,100 shares of the financial services provider's stock, valued at approximately $327,000.
Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Oppenheimer by 3,146.5% in the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider's stock worth $164,000 after buying an additional 3,115 shares during the period. Charles Schwab Investment Management Inc. bought a new position in Oppenheimer during the 4th quarter worth approximately $224,000. Metis Global Partners LLC purchased a new position in Oppenheimer in the 4th quarter worth approximately $234,000. KLP Kapitalforvaltning AS bought a new stake in Oppenheimer in the fourth quarter valued at approximately $308,000. Finally, Jane Street Group LLC purchased a new stake in shares of Oppenheimer during the third quarter valued at approximately $319,000. Institutional investors own 32.26% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd.
Read Our Latest Analysis on OPY
Oppenheimer Trading Up 2.6 %
Shares of NYSE OPY traded up $1.46 during trading hours on Thursday, hitting $57.29. The company's stock had a trading volume of 32,368 shares, compared to its average volume of 34,077. Oppenheimer Holdings Inc. has a 12 month low of $36.93 and a 12 month high of $73.12. The stock has a market cap of $602.94 million, a price-to-earnings ratio of 8.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The business has a 50-day simple moving average of $60.37 and a 200-day simple moving average of $60.65.
Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.
Oppenheimer Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 1.26%. Oppenheimer's dividend payout ratio (DPR) is presently 11.30%.
About Oppenheimer
(
Free Report)
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.
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