Beverly Hills Private Wealth LLC Purchases New Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Beverly Hills Private Wealth LLC purchased a new stake in Oppenheimer Holdings Inc. (NYSE:OPY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,993 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Profit Investment Management LLC lifted its position in Oppenheimer by 8.5% in the fourth quarter. Profit Investment Management LLC now owns 75,538 shares of the financial services provider’s stock valued at $3,121,000 after acquiring an additional 5,910 shares during the last quarter. Citigroup Inc. lifted its position in Oppenheimer by 2,291.1% in the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,031 shares during the last quarter. American Century Companies Inc. lifted its position in Oppenheimer by 1.4% in the third quarter. American Century Companies Inc. now owns 60,276 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 849 shares during the last quarter. GSA Capital Partners LLP lifted its position in Oppenheimer by 108.1% in the third quarter. GSA Capital Partners LLP now owns 30,015 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 15,595 shares during the last quarter. Finally, EJF Capital LLC lifted its position in Oppenheimer by 43.5% in the third quarter. EJF Capital LLC now owns 34,440 shares of the financial services provider’s stock valued at $1,319,000 after acquiring an additional 10,440 shares during the last quarter. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Price Performance

Shares of NYSE:OPY opened at $37.35 on Wednesday. The company has a 50-day simple moving average of $38.74 and a 200-day simple moving average of $38.66. Oppenheimer Holdings Inc. has a one year low of $32.82 and a one year high of $42.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 1.32. The stock has a market capitalization of $390.68 million, a price-to-earnings ratio of 14.59 and a beta of 1.15.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, January 26th. The financial services provider reported $1.42 EPS for the quarter. Oppenheimer had a net margin of 2.42% and a return on equity of 4.46%. The business had revenue of $308.29 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. Oppenheimer’s payout ratio is 23.44%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 29th.

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.