Vanguard Group Inc. Purchases 20,937 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Vanguard Group Inc. lifted its holdings in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,769 shares of the financial services provider's stock after purchasing an additional 20,937 shares during the period. Vanguard Group Inc. owned 3.73% of Oppenheimer worth $24,724,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Oppenheimer by 3,146.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider's stock valued at $164,000 after buying an additional 3,115 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Oppenheimer in the fourth quarter worth about $224,000. Metis Global Partners LLC acquired a new position in shares of Oppenheimer during the 4th quarter worth about $234,000. KLP Kapitalforvaltning AS acquired a new stake in Oppenheimer in the 4th quarter valued at approximately $308,000. Finally, Jane Street Group LLC bought a new position in Oppenheimer in the 3rd quarter worth approximately $319,000. 32.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Oppenheimer Stock Performance

Shares of NYSE OPY traded up $0.78 during mid-day trading on Friday, hitting $56.61. The company had a trading volume of 70,719 shares, compared to its average volume of 34,415. Oppenheimer Holdings Inc. has a 12 month low of $37.55 and a 12 month high of $73.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market cap of $595.80 million, a P/E ratio of 8.89 and a beta of 1.10. The business's 50-day simple moving average is $60.02 and its 200-day simple moving average is $60.88.

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 return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

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. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. Oppenheimer's dividend payout ratio (DPR) is currently 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.