Oppenheimer Holdings Inc. (NYSE:OPY) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 74.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,649 shares of the financial services provider's stock after buying an additional 8,359 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.19% of Oppenheimer worth $1,259,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC raised its holdings in Oppenheimer by 140.1% during the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider's stock worth $208,000 after purchasing an additional 2,375 shares during the last quarter. FMR LLC boosted its position in Oppenheimer by 26.3% during the third quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock worth $618,000 after purchasing an additional 2,512 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Oppenheimer by 3,146.5% during 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. PDT Partners LLC purchased a new stake in Oppenheimer during the third quarter worth $464,000. Finally, Quadrature Capital Ltd purchased a new stake in Oppenheimer during the third quarter worth $290,000. 32.26% of the stock is owned by institutional investors and hedge funds.

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.

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Oppenheimer Price Performance

Shares of NYSE OPY traded up $0.06 during trading on Friday, reaching $61.24. The company had a trading volume of 71,927 shares, compared to its average volume of 33,046. Oppenheimer Holdings Inc. has a twelve month low of $36.93 and a twelve month high of $73.12. The stock has a market capitalization of $644.59 million, a PE ratio of 9.61 and a beta of 1.12. The stock has a 50-day moving average price of $65.31 and a two-hundred day moving average price of $59.93. 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 (NYSE:OPY - Get Free Report) last released its quarterly 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 Announces Dividend

The business 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 of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. Oppenheimer's dividend payout ratio (DPR) is 11.30%.

Oppenheimer 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.