O Shaughnessy Asset Management LLC Acquires 4,386 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

O Shaughnessy Asset Management LLC lifted its holdings in Oppenheimer Holdings Inc. (NYSE:OPY) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,161 shares of the financial services provider’s stock after purchasing an additional 4,386 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Oppenheimer were worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Oppenheimer by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider’s stock valued at $24,724,000 after buying an additional 20,937 shares during the last quarter. American Century Companies Inc. boosted its holdings in Oppenheimer by 16.0% in the fourth quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider’s stock valued at $12,431,000 after acquiring an additional 26,686 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Oppenheimer by 3.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider’s stock worth $5,804,000 after purchasing an additional 3,119 shares during the period. TCW Group Inc. increased its position in Oppenheimer by 3.5% in the fourth 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 during the period. Finally, Profit Investment Management LLC raised its holdings in Oppenheimer by 5.2% during 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 during the last quarter. Institutional investors own 32.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oppenheimer Stock Performance

Shares of Oppenheimer stock opened at $51.78 on Tuesday. The firm has a fifty day moving average of $63.11 and a two-hundred day moving average of $60.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The stock has a market capitalization of $544.98 million, a price-to-earnings ratio of 8.13 and a beta of 1.10. Oppenheimer Holdings Inc. has a 52 week low of $36.93 and a 52 week high of $73.12.

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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is presently 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.