Connor Clark & Lunn Investment Management Ltd. Acquires 8,359 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,649 shares of the financial services provider’s stock after acquiring an additional 8,359 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of Oppenheimer worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Oppenheimer by 3,146.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 3,115 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Oppenheimer in the fourth quarter worth about $224,000. Metis Global Partners LLC bought a new stake in Oppenheimer during the 4th quarter valued at approximately $234,000. Quest Partners LLC grew its holdings in shares of Oppenheimer by 140.1% during the 3rd 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 period. Finally, Quadrature Capital Ltd bought a new position in shares of Oppenheimer in the 3rd quarter worth approximately $290,000. Institutional investors own 32.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

Oppenheimer Price Performance

Shares of NYSE OPY opened at $61.31 on Thursday. The company has a 50 day simple moving average of $65.39 and a two-hundred day simple moving average of $59.80. Oppenheimer Holdings Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $73.12. The company has a market capitalization of $645.29 million, a price-to-earnings ratio of 9.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is 11.30%.

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.