Oppenheimer Holdings, Inc. (NYSE:OPY) Plans Quarterly Dividend of $0.20

Oppenheimer Holdings, Inc. (NYSE:OPY) declared a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.20 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 15th. This is a 11.1% increase from Oppenheimer’s previous quarterly dividend of $0.18.

Oppenheimer has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years.

Oppenheimer Stock Performance

Shares of OPY traded down $8.25 during midday trading on Friday, hitting $106.23. The company had a trading volume of 156,970 shares, compared to its average volume of 77,279. The company’s 50-day simple moving average is $95.11 and its 200-day simple moving average is $81.36. The firm has a market capitalization of $1.14 billion, a P/E ratio of 8.15 and a beta of 1.19. Oppenheimer has a 1 year low of $59.54 and a 1 year high of $118.77.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $4.21 earnings per share (EPS) for the quarter. The business had revenue of $445.10 million during the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Insiders Place Their Bets

In related news, insider Dennis P. Mcnamara sold 4,673 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 20,177 shares in the company, valued at $1,829,448.59. The trade was a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oppenheimer

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Oppenheimer by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 493,218 shares of the financial services provider’s stock worth $36,456,000 after purchasing an additional 2,911 shares during the last quarter. Vanguard Group Inc. lifted its stake in Oppenheimer by 2.5% during the third quarter. Vanguard Group Inc. now owns 426,033 shares of the financial services provider’s stock worth $31,488,000 after purchasing an additional 10,345 shares during the last quarter. American Century Companies Inc. lifted its stake in Oppenheimer by 17.3% during the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock worth $22,115,000 after purchasing an additional 44,145 shares during the last quarter. Millennium Management LLC lifted its stake in Oppenheimer by 56.6% during the fourth quarter. Millennium Management LLC now owns 114,737 shares of the financial services provider’s stock worth $8,294,000 after purchasing an additional 41,485 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Oppenheimer by 18.0% during the third 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 during the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

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.