Oppenheimer Holdings, Inc. $OPY Shares Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC lifted its position in Oppenheimer Holdings, Inc. (NYSE:OPY) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,539 shares of the financial services provider’s stock after acquiring an additional 5,615 shares during the period. Round Rock Advisors LLC owned 0.14% of Oppenheimer worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in OPY. American Century Companies Inc. boosted its stake in shares of Oppenheimer by 17.3% in the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock worth $22,115,000 after acquiring an additional 44,145 shares during the last quarter. Marshall Wace LLP acquired a new position in Oppenheimer during the second quarter worth $2,016,000. Algert Global LLC boosted its stake in Oppenheimer by 726.5% during the third quarter. Algert Global LLC now owns 33,779 shares of the financial services provider’s stock worth $2,497,000 after buying an additional 29,692 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Oppenheimer by 146.4% during the second quarter. JPMorgan Chase & Co. now owns 44,842 shares of the financial services provider’s stock worth $2,949,000 after buying an additional 26,643 shares during the last quarter. Finally, Norges Bank acquired a new position in Oppenheimer during the second quarter worth $1,585,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OPY. Wall Street Zen raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald lowered Oppenheimer to a “buy” rating in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oppenheimer has an average rating of “Buy”.

Insider Activity

In other news, insider Dennis P. Mcnamara sold 4,673 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $90.67, for a total transaction of $423,700.91. Following the completion of the transaction, the insider directly owned 20,177 shares of the company’s stock, valued at approximately $1,829,448.59. This represents a 18.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 34.86% of the company’s stock.

Oppenheimer Stock Down 0.5%

NYSE:OPY opened at $113.41 on Tuesday. Oppenheimer Holdings, Inc. has a 52 week low of $54.98 and a 52 week high of $117.18. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.70 and a beta of 1.14. The stock’s fifty day moving average is $91.21 and its two-hundred day moving average is $79.17.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. The company had revenue of $472.63 million for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Oppenheimer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, February 13th. Oppenheimer’s dividend payout ratio is currently 5.52%.

Oppenheimer Profile

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.