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

Beverly Hills Private Wealth LLC boosted its position in Oppenheimer Holdings Inc. (NYSE:OPY) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,271 shares of the financial services provider’s stock after acquiring an additional 866 shares during the period. Beverly Hills Private Wealth LLC owned about 0.26% of Oppenheimer worth $1,748,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OPY. Tower Research Capital LLC TRC acquired a new position in Oppenheimer in the fourth quarter valued at $87,000. Jump Financial LLC purchased a new stake in Oppenheimer in the 4th quarter valued at about $205,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Oppenheimer during the 4th quarter valued at about $222,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Oppenheimer during the 4th quarter worth about $224,000. Finally, Metis Global Partners LLC acquired a new stake in shares of Oppenheimer in the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Trading Up 2.1 %

Shares of OPY opened at $61.26 on Friday. The stock’s fifty day simple moving average is $58.87 and its 200 day simple moving average is $61.50. Oppenheimer Holdings Inc. has a twelve month low of $40.83 and a twelve month high of $73.12. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $644.76 million, a P/E ratio of 9.62 and a beta of 1.10.

Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The business had revenue of $367.83 million for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, May 9th. Oppenheimer’s payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd.

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.