KLP Kapitalforvaltning AS Purchases Shares of 4,800 Oppenheimer Holdings Inc. (NYSE:OPY)

KLP Kapitalforvaltning AS purchased a new stake in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,800 shares of the financial services provider's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new position in Oppenheimer during the 4th quarter valued at about $2,403,000. American Century Companies Inc. boosted its holdings in shares of Oppenheimer by 16.0% during the fourth quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider's stock worth $12,431,000 after purchasing an additional 26,686 shares during the period. TCW Group Inc. grew its position in Oppenheimer by 53.2% during the third quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider's stock valued at $3,919,000 after purchasing an additional 26,600 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Oppenheimer by 403.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock valued at $878,000 after buying an additional 13,747 shares during the period. Finally, Boston Partners purchased a new stake in Oppenheimer in the 4th quarter worth approximately $822,000. Institutional investors and hedge funds own 32.26% of the company's stock.

Oppenheimer Stock Up 0.8 %

OPY stock traded up $0.44 during mid-day trading on Friday, hitting $53.39. The stock had a trading volume of 31,828 shares, compared to its average volume of 33,917. Oppenheimer Holdings Inc. has a 1-year low of $36.93 and a 1-year high of $73.12. The company has a fifty day moving average of $61.05 and a 200 day moving average of $60.60. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $561.88 million, a price-to-earnings ratio of 8.38 and a beta of 1.10.

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Oppenheimer (NYSE:OPY - Get Free Report) last released its quarterly earnings data 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer's payout ratio is presently 11.30%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a 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.