Bank of New York Mellon Corp Trims Stock Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Bank of New York Mellon Corp trimmed its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 55.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,424 shares of the financial services provider's stock after selling 15,315 shares during the period. Bank of New York Mellon Corp owned approximately 0.12% of Oppenheimer worth $796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCW Group Inc. grew its stake in shares of Oppenheimer by 3.5% in the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock worth $5,082,000 after acquiring an additional 2,700 shares in the last quarter. Profit Investment Management LLC boosted its holdings in Oppenheimer by 5.2% in the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider's stock valued at $3,166,000 after purchasing an additional 2,445 shares during the period. Empowered Funds LLC grew its stake in Oppenheimer by 4.9% during the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider's stock worth $2,212,000 after purchasing an additional 1,620 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Oppenheimer by 403.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock worth $878,000 after purchasing an additional 13,747 shares during the period. Finally, FMR LLC raised its position in Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock valued at $618,000 after purchasing an additional 2,512 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

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Oppenheimer Stock Down 3.1 %

Shares of NYSE:OPY traded down $1.91 during trading hours on Friday, reaching $59.08. The stock had a trading volume of 17,381 shares, compared to its average volume of 33,273. Oppenheimer Holdings Inc. has a 1 year low of $36.93 and a 1 year high of $73.12. The firm's 50 day moving average is $64.84 and its 200-day moving average is $60.28. The stock has a market capitalization of $621.76 million, a price-to-earnings ratio of 9.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

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

Oppenheimer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer's dividend payout ratio (DPR) is presently 11.30%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Oppenheimer from a "strong-buy" rating to a "buy" rating in a research 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.