Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,967 shares of the financial services provider's stock after selling 8,918 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Oppenheimer worth $3,377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OPY. Bank of New York Mellon Corp grew its position in Oppenheimer by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider's stock valued at $1,305,000 after buying an additional 297 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Oppenheimer during the second quarter worth about $1,197,000. Acadian Asset Management LLC raised its holdings in Oppenheimer by 74.8% during the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider's stock worth $1,167,000 after purchasing an additional 10,433 shares in the last quarter. American Century Companies Inc. lifted its position in Oppenheimer by 35.3% in the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider's stock valued at $5,962,000 after purchasing an additional 32,444 shares during the period. Finally, Beverly Hills Private Wealth LLC lifted its position in Oppenheimer by 55.6% in the second quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 7,094 shares during the period. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Stock Performance

NYSE OPY traded down $0.87 on Tuesday, hitting $63.61. 23,940 shares of the company's stock were exchanged, compared to its average volume of 19,685. The firm has a market cap of $657.09 million, a price-to-earnings ratio of 9.89 and a beta of 1.14. The firm's 50-day moving average price is $62.16 and its two-hundred day moving average price is $54.64. Oppenheimer Holdings Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $70.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%. The firm had revenue of $373.35 million for the quarter.

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.13%. Oppenheimer's dividend payout ratio is presently 11.20%.

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.