Royce & Associates LP Makes New Investment in Oppenheimer Holdings Inc. (NYSE:OPY)

Royce & Associates LP purchased a new position in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,501 shares of the financial services provider's stock, valued at approximately $2,403,000. Royce & Associates LP owned 0.36% of Oppenheimer at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock worth $878,000 after purchasing an additional 13,747 shares during the last quarter. FMR LLC grew its stake in shares of Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock worth $618,000 after acquiring an additional 2,512 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Oppenheimer in the third quarter valued at about $464,000. TCW Group Inc. lifted its position in shares of 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. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Oppenheimer by 74.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,649 shares of the financial services provider's stock valued at $1,259,000 after buying an additional 8,359 shares during the last quarter. 32.26% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Oppenheimer Stock Performance

Shares of Oppenheimer stock traded up $0.44 on Tuesday, reaching $62.20. 32,240 shares of the company traded hands, compared to its average volume of 32,950. The company has a 50 day moving average of $65.29 and a 200 day moving average of $60.06. 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 Holdings Inc. has a 52 week low of $36.93 and a 52 week high of $73.12. The firm has a market capitalization of $654.66 million, a PE ratio of 9.76 and a beta of 1.12.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer's payout ratio is 11.30%.

Oppenheimer Company 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.