Oppenheimer Holdings, Inc. Plans Special Dividend of $1.00 (NYSE:OPY)

Oppenheimer Holdings, Inc. (NYSE:OPY) announced a special dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be paid a dividend of 1.00 per share by the financial services provider on Friday, January 9th. The ex-dividend date of this dividend is Friday, December 26th.

Oppenheimer has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Oppenheimer Price Performance

Shares of NYSE:OPY traded up $0.47 during trading on Friday, reaching $73.04. 51,888 shares of the company’s stock traded hands, compared to its average volume of 35,408. The stock has a market capitalization of $768.43 million, a P/E ratio of 9.80 and a beta of 1.19. Oppenheimer has a 12 month low of $49.26 and a 12 month high of $79.99. The company has a 50 day moving average of $68.40 and a 200-day moving average of $69.53.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.The company had revenue of $401.94 million for the quarter.

Institutional Investors Weigh In On Oppenheimer

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Oppenheimer by 1.5% in the first quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider’s stock valued at $23,341,000 after acquiring an additional 5,666 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Oppenheimer by 581.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,866 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 20,366 shares in the last quarter. Invesco Ltd. boosted its position in Oppenheimer by 864.7% in the 1st quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 37,284 shares during the last quarter. Boston Partners boosted its holdings in Oppenheimer by 457.7% in the first quarter. Boston Partners now owns 71,568 shares of the financial services provider’s stock valued at $4,268,000 after acquiring an additional 58,735 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Oppenheimer by 17.2% during the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider’s stock worth $13,559,000 after buying an additional 33,433 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

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.