3,500 Shares in Oppenheimer Holdings Inc. (NYSE:OPY) Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,500 shares of the financial services provider’s stock, valued at approximately $224,000.

Other large investors have also added to or reduced their stakes in the company. TCW Group Inc. lifted its holdings in shares of Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock worth $5,082,000 after purchasing an additional 2,700 shares during the period. Profit Investment Management LLC lifted its stake in Oppenheimer by 5.2% during the 4th quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock valued at $3,166,000 after acquiring an additional 2,445 shares during the period. Empowered Funds LLC boosted its holdings in shares of Oppenheimer by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after acquiring an additional 1,620 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Oppenheimer by 403.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock valued at $878,000 after acquiring an additional 13,747 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Oppenheimer by 26.3% in the third quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 2,512 shares during the period. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oppenheimer Stock Down 0.1 %

Shares of OPY opened at $59.55 on Wednesday. The company has a market capitalization of $626.75 million, a price-to-earnings ratio of 9.35 and a beta of 1.12. Oppenheimer Holdings Inc. has a 52 week low of $36.93 and a 52 week high of $73.12. The stock’s 50-day moving average price is $64.39 and its 200-day moving average price is $60.50. 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 released its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.21%. Oppenheimer’s payout ratio is 11.30%.

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.