TCW Group Inc. Purchases 26,600 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

TCW Group Inc. lifted its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 53.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,600 shares of the financial services provider's stock after purchasing an additional 26,600 shares during the quarter. TCW Group Inc. owned 0.74% of Oppenheimer worth $3,919,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Oppenheimer by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider's stock valued at $11,373,000 after purchasing an additional 12,525 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Oppenheimer during the second quarter worth about $1,197,000. PDT Partners LLC bought a new stake in shares of Oppenheimer during the third quarter worth about $464,000. Acadian Asset Management LLC raised its holdings in shares of Oppenheimer by 74.8% in the 2nd quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider's stock worth $1,167,000 after acquiring an additional 10,433 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Oppenheimer in the 2nd quarter valued at about $56,000. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Stock Down 0.2 %

OPY traded down $0.10 during midday trading on Thursday, reaching $63.81. 12,812 shares of the company were exchanged, compared to its average volume of 36,960. The company has a market cap of $659.22 million, a price-to-earnings ratio of 9.92 and a beta of 1.14. Oppenheimer Holdings Inc. has a one year low of $36.93 and a one year high of $70.25. The company's fifty day moving average price is $57.27 and its 200 day moving average price is $52.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

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

Oppenheimer Dividend Announcement

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

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.