Oppenheimer (NYSE:OPY) Announces Earnings Results

Oppenheimer (NYSE:OPY) posted its quarterly earnings results on Friday. The financial services provider reported $2.16 EPS for the quarter, reports. The business had revenue of $373.35 million during the quarter. Oppenheimer had a net margin of 4.70% and a return on equity of 8.33%.

Oppenheimer Trading Up 11.4 %

NYSE:OPY opened at $54.05 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $558.34 million, a price-to-earnings ratio of 9.86 and a beta of 1.15. The firm has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $47.64. Oppenheimer has a 12 month low of $32.82 and a 12 month high of $58.35.

Oppenheimer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 8th. Oppenheimer’s payout ratio is 13.14%.

Insiders Place Their Bets

In other Oppenheimer news, insider Dennis P. Mcnamara sold 6,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total value of $307,680.00. Following the completion of the sale, the insider now directly owns 20,681 shares in the company, valued at approximately $1,060,521.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.49% of the company’s stock.

Hedge Funds Weigh In On Oppenheimer

A number of hedge funds have recently added to or reduced their stakes in OPY. Vanguard Group Inc. raised its stake in shares of Oppenheimer by 4.6% in the first quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock worth $11,373,000 after purchasing an additional 12,525 shares during the last quarter. GSA Capital Partners LLP bought a new position in Oppenheimer during the 1st quarter valued at $1,293,000. Victory Capital Management Inc. purchased a new position in Oppenheimer during the 2nd quarter worth $1,197,000. TCW Group Inc. purchased a new stake in shares of Oppenheimer in the second quarter valued at about $2,396,000. Finally, Acadian Asset Management LLC lifted its position in shares of Oppenheimer by 74.8% during the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 10,433 shares in the last quarter. Institutional investors and hedge funds 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.