Oppenheimer Holdings Inc. (NYSE:OPY) Shares Bought by Profit Investment Management LLC

Profit Investment Management LLC boosted its position in Oppenheimer Holdings Inc. (NYSE:OPY) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,394 shares of the financial services provider’s stock after purchasing an additional 2,445 shares during the quarter. Oppenheimer comprises approximately 2.5% of Profit Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Profit Investment Management LLC owned about 0.48% of Oppenheimer worth $3,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in Oppenheimer by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 297 shares during the period. Quest Partners LLC increased its stake in Oppenheimer by 140.1% during the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 2,375 shares during the last quarter. FMR LLC boosted its position in shares of Oppenheimer by 26.3% in the third quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after buying an additional 2,512 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Oppenheimer by 3,146.5% in the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after buying an additional 3,115 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Oppenheimer in the third quarter valued at about $290,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Trading Up 3.7 %

Shares of OPY opened at $68.04 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The stock has a 50-day moving average price of $62.77 and a 200 day moving average price of $55.29. Oppenheimer Holdings Inc. has a one year low of $36.93 and a one year high of $70.25. The company has a market capitalization of $702.85 million, a P/E ratio of 10.58 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. The business had revenue of $373.35 million for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%.

Oppenheimer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, November 8th. Oppenheimer’s payout ratio is 11.20%.

Oppenheimer 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.