Bank of New York Mellon Corp Trims Holdings in Oppenheimer Holdings Inc. (NYSE:OPY)

Bank of New York Mellon Corp cut its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,424 shares of the financial services provider’s stock after selling 15,315 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.12% of Oppenheimer worth $796,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OPY. Empowered Funds LLC grew its stake in Oppenheimer by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock worth $2,212,000 after acquiring an additional 1,620 shares during the period. Quest Partners LLC grew its position 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 period. Profit Investment Management LLC increased its stake in Oppenheimer by 5.2% in the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock valued at $3,166,000 after purchasing an additional 2,445 shares during the last quarter. FMR LLC lifted its position in Oppenheimer by 26.3% during the third quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after buying an additional 2,512 shares during the period. Finally, TCW Group Inc. boosted its stake in Oppenheimer by 3.5% in the 4th quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock worth $5,082,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Stock Performance

NYSE:OPY opened at $62.20 on Wednesday. Oppenheimer Holdings Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $73.12. The firm’s 50 day moving average is $65.26 and its two-hundred day moving average is $60.14. The company has a market cap of $654.66 million, a P/E ratio of 9.76 and a beta of 1.12. 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 earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is currently 11.30%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd.

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.