JPMorgan Chase & Co. Buys 13,747 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

JPMorgan Chase & Co. lifted its stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 403.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,153 shares of the financial services provider’s stock after purchasing an additional 13,747 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Oppenheimer worth $878,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. TCW Group Inc. lifted its position in shares of Oppenheimer by 53.2% during the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 26,600 shares during the last quarter. PDT Partners LLC bought a new position in shares of Oppenheimer in the third quarter worth about $464,000. Marshall Wace LLP boosted its stake in shares of Oppenheimer by 141.1% in the 2nd quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 8,623 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Oppenheimer during the 3rd quarter valued at approximately $414,000. Finally, XTX Topco Ltd bought a new position in Oppenheimer in the 3rd quarter valued at approximately $407,000. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Stock Performance

NYSE OPY opened at $72.60 on Friday. The firm’s fifty day moving average price is $64.15 and its two-hundred day moving average price is $56.32. The stock has a market cap of $749.99 million, a PE ratio of 11.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. Oppenheimer Holdings Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $72.88.

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

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.