12,833 Shares in Oppenheimer Holdings Inc. (NYSE:OPY) Purchased by Boston Partners

Boston Partners bought a new position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,833 shares of the financial services provider’s stock, valued at approximately $822,000. Boston Partners owned approximately 0.12% of Oppenheimer as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Oppenheimer by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock worth $2,212,000 after purchasing an additional 1,620 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 2,375 shares in the last quarter. Profit Investment Management LLC boosted its holdings in shares of Oppenheimer by 5.2% in the 4th quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 2,445 shares in the last quarter. FMR LLC boosted its holdings in shares of Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 2,512 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Oppenheimer by 3.5% in the 4th quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock worth $5,082,000 after purchasing an additional 2,700 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

Oppenheimer Trading Up 0.1 %

NYSE OPY opened at $61.24 on Friday. Oppenheimer Holdings Inc. has a 1-year low of $36.93 and a 1-year 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 stock has a 50-day moving average of $65.31 and a 200-day moving average of $59.93. The firm has a market cap of $644.59 million, a PE ratio of 9.61 and a beta of 1.12.

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

Oppenheimer Announces Dividend

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

Wall Street Analyst Weigh In

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

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.