VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Oppenheimer Holdings, Inc. $OPY

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Oppenheimer Holdings, Inc. (NYSE:OPY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,400 shares of the financial services provider’s stock, valued at approximately $755,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Oppenheimer as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Oppenheimer by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 497,033 shares of the financial services provider’s stock valued at $44,329,000 after buying an additional 7,384 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Oppenheimer by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 5,971 shares during the last quarter. Empowered Funds LLC grew its stake in Oppenheimer by 48.6% in the 1st quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock valued at $4,109,000 after purchasing an additional 15,073 shares during the period. Renaissance Technologies LLC grew its position in Oppenheimer by 1.8% during the first quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 400 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Oppenheimer by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,886 shares of the financial services provider’s stock worth $1,684,000 after purchasing an additional 1,701 shares during the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Price Performance

Shares of OPY opened at $88.03 on Friday. The company has a 50-day simple moving average of $111.64 and a two-hundred day simple moving average of $102.51. The firm has a market capitalization of $942.68 million, a PE ratio of 11.85 and a beta of 1.12. Oppenheimer Holdings, Inc. has a one year low of $63.81 and a one year high of $125.88.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.81 EPS for the quarter. The business had revenue of $382.00 million during the quarter. Oppenheimer had a return on equity of 19.02% and a net margin of 4.94%.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Oppenheimer’s dividend payout ratio (DPR) is currently 10.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Needham & Company LLC upgraded shares of Oppenheimer to an “outperform” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded Oppenheimer from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Oppenheimer presently has an average rating of “Buy”.

About Oppenheimer

Oppenheimer Holdings Inc is a diversified financial services company that operates primarily through its subsidiaries, including Oppenheimer & Co Inc and Oppenheimer Asset Management Inc The company provides investment banking, securities brokerage, wealth management and asset management services to individual investors, businesses, institutional clients and government entities.

Its investment banking activities include public and private securities offerings, mergers and acquisitions advisory services, financial restructuring and municipal finance.