Citigroup Inc. Increases Holdings in Oppenheimer Holdings Inc. (NYSE:OPY)


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Citigroup Inc. increased its stake in Oppenheimer Holdings Inc. (NYSE:OPY) by 297.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,810 shares of the financial services provider’s stock after buying an additional 1,355 shares during the quarter. Citigroup Inc.’s holdings in Oppenheimer were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OPY. California Public Employees Retirement System boosted its stake in Oppenheimer by 4.2% in the third quarter. California Public Employees Retirement System now owns 22,477 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 900 shares during the last quarter. Sei Investments Co. lifted its stake in Oppenheimer by 14.7% in the third quarter. Sei Investments Co. now owns 9,338 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,200 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in Oppenheimer by 15.0% during the fourth quarter. IndexIQ Advisors LLC now owns 10,933 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,428 shares during the period. Rhumbline Advisers grew its holdings in Oppenheimer by 11.8% during the fourth quarter. Rhumbline Advisers now owns 16,428 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 1,732 shares during the period. Finally, Point72 Hong Kong Ltd raised its stake in shares of Oppenheimer by 213.8% in the third quarter. Point72 Hong Kong Ltd now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,826 shares during the period. Institutional investors and hedge funds own 42.66% of the company’s stock.

Shares of NYSE:OPY opened at $42.19 on Thursday. Oppenheimer Holdings Inc. has a twelve month low of $16.72 and a twelve month high of $44.38. The firm has a market capitalization of $534.97 million, a PE ratio of 8.52 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 1.28 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $40.15 and a two-hundred day moving average price of $32.16.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 29th. The financial services provider reported $6.17 earnings per share (EPS) for the quarter. The firm had revenue of $422.91 million for the quarter. Oppenheimer had a return on equity of 11.11% and a net margin of 6.21%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 12th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, February 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.14%.

Oppenheimer Profile

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter 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.

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Institutional Ownership by Quarter for Oppenheimer (NYSE:OPY)

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