Geode Capital Management LLC Has $3.38 Million Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Geode Capital Management LLC decreased its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,967 shares of the financial services provider’s stock after selling 8,918 shares during the period. Geode Capital Management LLC owned approximately 0.64% of Oppenheimer worth $3,377,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OPY. BNP Paribas Financial Markets boosted its position in shares of Oppenheimer by 3,146.5% during the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after buying an additional 3,115 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Oppenheimer by 140.1% in the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 2,375 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Oppenheimer during the third quarter valued at about $290,000. Jane Street Group LLC purchased a new position in Oppenheimer during the third quarter worth about $319,000. Finally, Bank of Montreal Can bought a new stake in Oppenheimer in the 2nd quarter worth about $367,000. 32.26% of the stock is owned by institutional investors.

Oppenheimer Price Performance

Oppenheimer stock opened at $64.45 on Tuesday. Oppenheimer Holdings Inc. has a 52 week low of $36.93 and a 52 week high of $70.25. The company’s 50 day moving average price is $62.03 and its two-hundred day moving average price is $54.51. The stock has a market cap of $665.83 million, a P/E ratio of 10.02 and a beta of 1.14. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The business had revenue of $373.35 million for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.12%. Oppenheimer’s payout ratio is currently 11.20%.

About Oppenheimer

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.