Oppenheimer Holdings, Inc. (OPY) to Issue Quarterly Dividend of $0.20 on May 29th

Oppenheimer Holdings, Inc. (NYSE:OPY) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.20 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 15th. This is a 11.1% increase from Oppenheimer’s previous quarterly dividend of $0.18.

Oppenheimer has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years.

Oppenheimer Stock Performance

NYSE OPY opened at $106.23 on Friday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 12.66 and a beta of 1.19. Oppenheimer has a 1 year low of $59.54 and a 1 year high of $118.77. The business’s fifty day moving average is $95.11 and its two-hundred day moving average is $81.45.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $4.21 earnings per share (EPS) for the quarter. The company had revenue of $445.10 million for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Insider Transactions at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 4,673 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $90.67, for a total transaction of $423,700.91. Following the transaction, the insider directly owned 20,177 shares in the company, valued at $1,829,448.59. The trade was a 18.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 34.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oppenheimer

Several institutional investors and hedge funds have recently modified their holdings of OPY. State of Alaska Department of Revenue bought a new stake in Oppenheimer in the third quarter worth $31,000. Arax Advisory Partners boosted its holdings in Oppenheimer by 47,700.0% in the fourth quarter. Arax Advisory Partners now owns 478 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 477 shares in the last quarter. Torren Management LLC bought a new stake in Oppenheimer in the fourth quarter worth $38,000. Barclays PLC bought a new stake in Oppenheimer in the fourth quarter worth $40,000. Finally, Clearstead Advisors LLC boosted its holdings in Oppenheimer by 193.9% in the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 415 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.