Oppenheimer (NYSE:OPY) Issues Earnings Results

Oppenheimer (NYSE:OPY) posted its quarterly earnings results on Friday. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, reports. Oppenheimer had a net margin of 4.70% and a return on equity of 8.33%. The firm had revenue of $373.35 million for the quarter.

Oppenheimer Trading Up 11.4 %

Shares of OPY opened at $54.05 on Monday. The business’s 50-day moving average price is $50.27 and its 200 day moving average price is $47.71. The stock has a market capitalization of $558.34 million, a P/E ratio of 9.86 and a beta of 1.15. Oppenheimer has a 1-year low of $32.82 and a 1-year high of $58.35. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Oppenheimer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 8th. Oppenheimer’s dividend payout ratio (DPR) is presently 13.14%.

Insider Buying and Selling at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 6,000 shares of Oppenheimer stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total value of $307,680.00. Following the transaction, the insider now directly owns 20,681 shares of the company’s stock, valued at $1,060,521.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in Oppenheimer during the 2nd quarter worth about $56,000. Bank of Montreal Can purchased a new stake in shares of Oppenheimer in the second quarter worth approximately $367,000. Inspire Investing LLC acquired a new stake in shares of Oppenheimer during the third quarter worth approximately $414,000. Marshall Wace LLP grew its position in Oppenheimer by 141.1% during the second quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 8,623 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its stake in Oppenheimer by 55.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock valued at $951,000 after buying an additional 7,094 shares during the period. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Company 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.