Oppenheimer (NYSE:OPY) Insider Dennis Mcnamara Sells 4,673 Shares

Oppenheimer Holdings, Inc. (NYSE:OPY) insider Dennis Mcnamara sold 4,673 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $90.67, for a total transaction of $423,700.91. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oppenheimer Stock Performance

Shares of Oppenheimer stock opened at $88.48 on Wednesday. Oppenheimer Holdings, Inc. has a 1 year low of $49.26 and a 1 year high of $94.10. The firm’s 50-day simple moving average is $81.47 and its 200-day simple moving average is $74.65. The firm has a market cap of $930.81 million, a PE ratio of 6.79 and a beta of 1.18.

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

Oppenheimer Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Oppenheimer

A number of large investors have recently added to or reduced their stakes in OPY. American Century Companies Inc. boosted its position in shares of Oppenheimer by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 255,066 shares of the financial services provider’s stock valued at $16,776,000 after purchasing an additional 27,677 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Oppenheimer during the 2nd quarter valued at $648,000. Royce & Associates LP raised its stake in shares of Oppenheimer by 18.0% during the 3rd quarter. Royce & Associates LP now owns 112,404 shares of the financial services provider’s stock worth $8,308,000 after purchasing an additional 17,122 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in Oppenheimer by 34.6% in the third quarter. Brevan Howard Capital Management LP now owns 5,773 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 1,485 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Oppenheimer by 13.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 46,009 shares of the financial services provider’s stock worth $3,326,000 after purchasing an additional 5,509 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Company 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.