Oppenheimer Holdings Inc. (NYSE:OPY) Shares Purchased by Arbiter Partners Capital Management LLC

Arbiter Partners Capital Management LLC raised its holdings in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 117.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,683 shares of the financial services provider's stock after acquiring an additional 26,783 shares during the quarter. Oppenheimer accounts for about 2.0% of Arbiter Partners Capital Management LLC's holdings, making the stock its 7th biggest position. Arbiter Partners Capital Management LLC owned about 0.48% of Oppenheimer worth $3,184,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in OPY. Empowered Funds LLC increased its stake in Oppenheimer by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider's stock valued at $2,212,000 after purchasing an additional 1,620 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Oppenheimer by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 18,940 shares of the financial services provider's stock worth $1,214,000 after acquiring an additional 1,787 shares during the period. Profit Investment Management LLC boosted its position in shares of Oppenheimer by 5.2% in the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider's stock worth $3,166,000 after acquiring an additional 2,445 shares during the last quarter. FMR LLC grew its holdings in Oppenheimer by 26.3% in the third 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 during the period. Finally, TCW Group Inc. raised its stake in Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock worth $5,082,000 after purchasing an additional 2,700 shares during the period. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

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Oppenheimer Trading Up 0.8 %

Shares of Oppenheimer stock traded up $0.44 during trading hours on Friday, reaching $53.39. The stock had a trading volume of 31,828 shares, compared to its average volume of 33,917. The firm has a 50 day simple moving average of $61.05 and a two-hundred day simple moving average of $60.60. The firm has a market capitalization of $561.88 million, a price-to-earnings ratio of 8.38 and a beta of 1.10. Oppenheimer Holdings Inc. has a 1 year low of $36.93 and a 1 year high of $73.12. 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 data on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.