Oppenheimer Holdings, Inc. (OPY) To Go Ex-Dividend on December 26th

Oppenheimer Holdings, Inc. (NYSE:OPY) declared a special dividend on Friday, December 12th. Investors of record on Friday, December 26th will be given a dividend of 1.00 per share by the financial services provider on Friday, January 9th. The ex-dividend date is Friday, December 26th.

Oppenheimer has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Oppenheimer Price Performance

Shares of NYSE OPY opened at $75.95 on Wednesday. The business’s 50 day moving average is $69.09 and its two-hundred day moving average is $70.11. Oppenheimer has a 1-year low of $49.26 and a 1-year high of $79.99. The stock has a market capitalization of $799.03 million, a P/E ratio of 10.20 and a beta of 1.19.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter. The business had revenue of $401.94 million during the quarter. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Penn Capital Management Company LLC purchased a new position in Oppenheimer in the 3rd quarter worth about $640,000. Caxton Associates LLP grew its stake in Oppenheimer by 47.0% in the 3rd quarter. Caxton Associates LLP now owns 5,083 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 1,626 shares in the last quarter. Voleon Capital Management LP purchased a new position in shares of Oppenheimer during the third quarter worth approximately $955,000. Verition Fund Management LLC raised its stake in shares of Oppenheimer by 99.2% during the third quarter. Verition Fund Management LLC now owns 6,828 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 3,401 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Oppenheimer by 95.3% during the third quarter. Qube Research & Technologies Ltd now owns 21,701 shares of the financial services provider’s stock valued at $1,604,000 after acquiring an additional 10,591 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

About Oppenheimer

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.