Royce & Associates LP Sells 3,950 Shares of Oppenheimer Holdings Inc. (OPY)
Royce & Associates LP decreased its position in Oppenheimer Holdings Inc. (NYSE:OPY) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,316 shares of the financial services provider’s stock after selling 3,950 shares during the quarter. Royce & Associates LP’s holdings in Oppenheimer were worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Oppenheimer in the fourth quarter valued at approximately $202,000. Tower Research Capital LLC TRC lifted its position in Oppenheimer by 1,053.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 7,650 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Oppenheimer by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 9,985 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 1,089 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Oppenheimer in the fourth quarter valued at approximately $269,000. Finally, Wells Fargo & Company MN lifted its position in Oppenheimer by 56.1% in the third quarter. Wells Fargo & Company MN now owns 11,034 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 3,965 shares during the last quarter. Institutional investors own 46.16% of the company’s stock.
Shares of Oppenheimer Holdings Inc. (NYSE OPY) opened at $26.50 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.22 and a quick ratio of 0.64. Oppenheimer Holdings Inc. has a 12-month low of $15.10 and a 12-month high of $29.05. The firm has a market capitalization of $347.36, a P/E ratio of 16.06 and a beta of 1.51.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.44 annualized dividend and a yield of 1.66%. Oppenheimer’s payout ratio is currently 26.67%.
Separately, ValuEngine downgraded Oppenheimer from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.
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