American Century Companies Inc. Purchases 26,686 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

American Century Companies Inc. lifted its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,956 shares of the financial services provider's stock after purchasing an additional 26,686 shares during the quarter. American Century Companies Inc. owned approximately 1.88% of Oppenheimer worth $12,431,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OPY. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 3,115 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Oppenheimer during the 4th quarter worth about $224,000. Metis Global Partners LLC acquired a new position in shares of Oppenheimer during the 4th quarter valued at about $234,000. Quadrature Capital Ltd bought a new position in shares of Oppenheimer in the 3rd quarter valued at approximately $290,000. Finally, Jane Street Group LLC acquired a new stake in Oppenheimer in the 3rd quarter worth approximately $319,000. Institutional investors and hedge funds own 32.26% of the company's stock.

Oppenheimer Stock Performance

Oppenheimer stock traded down $3.36 on Friday, reaching $53.13. 30,363 shares of the stock were exchanged, compared to its average volume of 33,469. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a twelve month low of $36.93 and a twelve month high of $73.12. The firm has a fifty day moving average price of $63.49 and a two-hundred day moving average price of $60.63. The stock has a market cap of $559.16 million, a PE ratio of 8.34 and a beta of 1.10.

Remove Ads

Oppenheimer (NYSE:OPY - Get Free Report) last announced its earnings results 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, February 14th. Oppenheimer's dividend payout ratio (DPR) is currently 11.30%.

Analyst Ratings Changes

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

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.