Royce & Associates LP Purchases New Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Royce & Associates LP acquired a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,501 shares of the financial services provider’s stock, valued at approximately $2,403,000. Royce & Associates LP owned 0.36% of Oppenheimer at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Oppenheimer by 74.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,649 shares of the financial services provider’s stock valued at $1,259,000 after acquiring an additional 8,359 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in Oppenheimer in the fourth quarter worth about $224,000. Metis Global Partners LLC purchased a new position in shares of Oppenheimer during the fourth quarter valued at approximately $234,000. TCW Group Inc. grew its stake in shares of Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock valued at $5,082,000 after buying an additional 2,700 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Oppenheimer by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock worth $2,212,000 after buying an additional 1,620 shares during the period. 32.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Oppenheimer Stock Performance

OPY stock opened at $61.13 on Friday. The business has a 50-day moving average price of $65.34 and a 200 day moving average price of $59.81. Oppenheimer Holdings Inc. has a 1-year low of $36.93 and a 1-year high of $73.12. The company has a market capitalization of $643.39 million, a P/E ratio of 9.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY) last issued 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 net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is 11.30%.

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.