American Century Companies Inc. Buys 26,686 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

American Century Companies Inc. lifted its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,956 shares of the financial services provider’s stock after acquiring an additional 26,686 shares during the quarter. American Century Companies Inc. owned approximately 1.88% of Oppenheimer worth $12,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP bought a new position in Oppenheimer in the fourth quarter valued at about $2,403,000. TCW Group Inc. boosted its position in 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 period. JPMorgan Chase & Co. grew its holdings in Oppenheimer by 403.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 13,747 shares during the last quarter. Boston Partners acquired a new position in Oppenheimer in the 4th quarter valued at approximately $822,000. Finally, PDT Partners LLC bought a new position in shares of Oppenheimer during the third quarter valued at $464,000. Institutional investors own 32.26% of the company’s stock.

Analyst Ratings Changes

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

Oppenheimer Price Performance

Shares of OPY opened at $59.55 on Wednesday. The business has a 50-day moving average of $64.39 and a 200-day moving average of $60.50. Oppenheimer Holdings Inc. has a 1 year low of $36.93 and a 1 year high of $73.12. The company has a market capitalization of $626.75 million, a price-to-earnings ratio of 9.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 14th. Oppenheimer’s dividend payout ratio (DPR) is presently 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.