Sei Investments Co. Grows Position in Oppenheimer Holdings, Inc. $OPY

Sei Investments Co. increased its holdings in Oppenheimer Holdings, Inc. (NYSE:OPY) by 57.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,532 shares of the financial services provider’s stock after buying an additional 4,593 shares during the quarter. Sei Investments Co.’s holdings in Oppenheimer were worth $1,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OPY. DGS Capital Management LLC lifted its stake in Oppenheimer by 2.7% during the 1st quarter. DGS Capital Management LLC now owns 3,681 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 97 shares during the period. Boothbay Fund Management LLC boosted its holdings in shares of Oppenheimer by 0.4% during the 4th quarter. Boothbay Fund Management LLC now owns 32,219 shares of the financial services provider’s stock valued at $2,329,000 after acquiring an additional 120 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Oppenheimer by 0.3% in the second quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after acquiring an additional 214 shares during the period. Inspire Investing LLC grew its stake in shares of Oppenheimer by 6.3% in the fourth quarter. Inspire Investing LLC now owns 6,507 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 385 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in shares of Oppenheimer by 193.9% during the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Oppenheimer from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Oppenheimer from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Oppenheimer Price Performance

NYSE:OPY opened at $115.59 on Thursday. Oppenheimer Holdings, Inc. has a one year low of $63.81 and a one year high of $123.24. The business has a fifty day moving average price of $109.48 and a 200-day moving average price of $98.68. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.05 and a beta of 1.09.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share for the quarter. Oppenheimer had a return on equity of 19.51% and a net margin of 5.72%.The company had revenue of $454.88 million for the quarter.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. Oppenheimer’s dividend payout ratio (DPR) is 9.03%.

Oppenheimer Profile

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.