Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 60.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,274 shares of the financial services provider’s stock after selling 33,590 shares during the quarter. AQR Capital Management LLC owned 0.22% of Oppenheimer worth $1,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OPY. Quadrature Capital Ltd boosted its position in shares of Oppenheimer by 31.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 3,308 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Oppenheimer during the 1st quarter worth about $1,293,000. Empowered Funds LLC boosted its position in Oppenheimer by 8.1% during the first quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 2,800 shares during the period. Vanguard Group Inc. grew its holdings in Oppenheimer by 4.6% during the first quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock valued at $11,373,000 after purchasing an additional 12,525 shares during the last quarter. Finally, EJF Capital LLC grew its stake in Oppenheimer by 12.4% in the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock valued at $1,597,000 after buying an additional 4,400 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Trading Up 1.5 %

Shares of OPY stock opened at $48.32 on Friday. The firm has a market capitalization of $499.15 million, a P/E ratio of 8.82 and a beta of 1.15. Oppenheimer Holdings Inc. has a 1 year low of $32.82 and a 1 year high of $58.35. The firm’s fifty day simple moving average is $50.29 and its 200 day simple moving average is $46.87. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 4.70% and a return on equity of 8.33%. The firm had revenue of $330.59 million for the quarter.

Oppenheimer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.72 annualized dividend and a yield of 1.49%. Oppenheimer’s payout ratio is 13.14%.

Insider Activity

In related news, insider Dennis P. Mcnamara sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total value of $307,680.00. Following the transaction, the insider now owns 20,681 shares in the company, valued at $1,060,521.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.49% of the stock is currently owned by corporate insiders.

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.