Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Oppenheimer Holdings Inc. (NYSE:OPY) by 55.2% in the 4th quarter, Holdings Channel reports. The firm owned 12,424 shares of the financial services provider’s stock after selling 15,315 shares during the quarter. Bank of New York Mellon Corp’s holdings in Oppenheimer were worth $796,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OPY. Empowered Funds LLC boosted its position in shares of Oppenheimer by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock worth $2,212,000 after buying an additional 1,620 shares during the period. Quest Partners LLC lifted its position in Oppenheimer by 140.1% during the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 2,375 shares in the last quarter. Profit Investment Management LLC lifted its position in Oppenheimer by 5.2% during the 4th 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 in the last quarter. FMR LLC boosted its holdings in 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 during the period. Finally, TCW Group Inc. raised its stake in shares of Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock valued at $5,082,000 after purchasing an additional 2,700 shares during the period. 32.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Oppenheimer Stock Up 0.7 %

Shares of Oppenheimer stock opened at $62.20 on Wednesday. Oppenheimer Holdings Inc. has a 1-year low of $36.93 and a 1-year high of $73.12. The company has a market capitalization of $654.66 million, a PE ratio of 9.76 and a beta of 1.12. 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 business has a 50-day moving average of $65.26 and a 200-day moving average of $60.14.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 1.16%. Oppenheimer’s dividend payout ratio is presently 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.