EJF Capital LLC Has $1.48 Million Holdings in Oppenheimer Holdings, Inc. $OPY

EJF Capital LLC cut its position in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 50.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. EJF Capital LLC owned 0.19% of Oppenheimer worth $1,478,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OPY. Inspire Investing LLC increased its holdings in Oppenheimer by 2.6% in the third quarter. Inspire Investing LLC now owns 6,122 shares of the financial services provider’s stock worth $452,000 after buying an additional 157 shares during the last quarter. Geode Capital Management LLC grew its position in Oppenheimer by 0.3% in the second quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after acquiring an additional 214 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Oppenheimer during the 3rd quarter worth $31,000. Tower Research Capital LLC TRC bought a new position in shares of Oppenheimer during the 2nd quarter valued at $49,000. Finally, First Trust Advisors LP raised its holdings in shares of Oppenheimer by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 19,521 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 1,111 shares in the last quarter. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Stock Performance

Shares of NYSE:OPY opened at $86.16 on Friday. The stock’s 50-day moving average is $80.94 and its 200-day moving average is $74.39. The company has a market cap of $906.42 million, a P/E ratio of 6.61 and a beta of 1.20. Oppenheimer Holdings, Inc. has a 52-week low of $49.26 and a 52-week high of $94.10.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. The firm had revenue of $472.63 million during the quarter. Oppenheimer had a return on equity of 16.55% and a net margin of 9.06%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.18 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Oppenheimer’s dividend payout ratio (DPR) is presently 5.52%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OPY shares. Cantor Fitzgerald cut shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Oppenheimer

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.