Boston Partners Sells 877 Shares of Oppenheimer Holdings, Inc. $OPY

Boston Partners reduced its position in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,691 shares of the financial services provider’s stock after selling 877 shares during the period. Boston Partners’ holdings in Oppenheimer were worth $4,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OPY. Caxton Associates LLP bought a new position in Oppenheimer during the 1st quarter valued at approximately $206,000. AlphaQuest LLC purchased a new position in shares of Oppenheimer during the second quarter valued at approximately $223,000. State of Wyoming raised its holdings in shares of Oppenheimer by 16.0% during the first quarter. State of Wyoming now owns 5,109 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 706 shares in the last quarter. Inspire Investing LLC lifted its stake in Oppenheimer by 2.5% in the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 145 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Oppenheimer by 39.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 2,296 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Trading Down 1.6%

OPY opened at $67.25 on Friday. Oppenheimer Holdings, Inc. has a 12-month low of $49.26 and a 12-month high of $79.99. The company has a market cap of $707.57 million, a price-to-earnings ratio of 8.72 and a beta of 1.22. The stock has a fifty day simple moving average of $71.45 and a two-hundred day simple moving average of $68.73.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter. Oppenheimer had a net margin of 5.88% and a return on equity of 10.13%. The firm had revenue of $401.94 million for the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 14th. Oppenheimer’s dividend payout ratio (DPR) is presently 9.66%.

Analyst Ratings Changes

Several brokerages have commented on OPY. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Oppenheimer presently has an average rating of “Buy”.

About Oppenheimer

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.