Bank of Montreal Can Makes New $367,000 Investment in Oppenheimer Holdings Inc. (NYSE:OPY)

Bank of Montreal Can bought a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) in the second quarter, Holdings Channel.com reports. The fund bought 7,656 shares of the financial services provider’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd lifted its position in shares of Oppenheimer by 31.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 3,308 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Oppenheimer during the 1st quarter worth $1,293,000. Empowered Funds LLC increased its stake in shares of Oppenheimer by 8.1% during the 1st quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 2,800 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Oppenheimer by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock worth $11,373,000 after acquiring an additional 12,525 shares during the period. Finally, EJF Capital LLC increased its stake in shares of Oppenheimer by 12.4% in the first quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $1,597,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Insider Transactions at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total transaction of $307,680.00. Following the completion of the sale, the insider now owns 20,681 shares of the company’s stock, valued at approximately $1,060,521.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.49% of the company’s stock.

Oppenheimer Stock Performance

Shares of OPY stock opened at $47.59 on Friday. The firm’s 50 day moving average is $50.32 and its 200 day moving average is $46.80. The stock has a market capitalization of $491.56 million, a P/E ratio of 12.83 and a beta of 1.15. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Oppenheimer Holdings Inc. has a 12 month low of $32.82 and a 12 month high of $58.35.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. The company had revenue of $330.59 million during the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%.

Oppenheimer Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. Oppenheimer’s dividend payout ratio (DPR) is presently 19.41%.

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.