Bank of Montreal Can Takes Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Bank of Montreal Can bought a new position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,656 shares of the financial services provider’s stock, valued at approximately $367,000. Bank of Montreal Can owned 0.07% of Oppenheimer as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Innealta Capital LLC bought a new position in Oppenheimer during the 2nd quarter worth about $56,000. Quadrature Capital Ltd boosted its position in Oppenheimer by 31.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 3,308 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Oppenheimer by 55.6% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock worth $951,000 after acquiring an additional 7,094 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Oppenheimer by 74.8% in the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 10,433 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Oppenheimer in the second quarter worth $1,197,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Stock Down 1.7 %

Oppenheimer stock opened at $47.59 on Friday. The company has a market cap of $491.56 million, a P/E ratio of 12.83 and a beta of 1.15. The company has a fifty day simple moving average of $50.32 and a 200 day simple moving average of $46.80. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Oppenheimer Holdings Inc. has a 1-year low of $32.82 and a 1-year high of $58.35.

Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%. The firm had revenue of $330.59 million for the quarter.

Oppenheimer Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, August 9th. Oppenheimer’s payout ratio is 19.41%.

Insider Activity

In other Oppenheimer news, insider Dennis P. Mcnamara sold 6,000 shares of Oppenheimer stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total value of $307,680.00. Following the completion of the sale, the insider now owns 20,681 shares in the company, valued at $1,060,521.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.49% of the stock is owned by company insiders.

Oppenheimer 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.