Jump Financial LLC Makes New $373,000 Investment in Oppenheimer Holdings Inc. (NYSE:OPY)

Jump Financial LLC bought a new position in shares of Oppenheimer Holdings Inc. (NYSE:OPYFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,728 shares of the financial services provider’s stock, valued at approximately $373,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OPY. Bank of New York Mellon Corp increased its stake in Oppenheimer by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 77,529 shares of the financial services provider’s stock worth $3,378,000 after acquiring an additional 2,494 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Oppenheimer by 27.4% in the first quarter. American Century Companies Inc. now owns 37,593 shares of the financial services provider’s stock valued at $1,638,000 after buying an additional 8,078 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Oppenheimer by 54.5% in the first quarter. MetLife Investment Management LLC now owns 4,677 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,649 shares in the last quarter. BlackRock Inc. grew its stake in shares of Oppenheimer by 0.5% in the first quarter. BlackRock Inc. now owns 716,773 shares of the financial services provider’s stock valued at $31,237,000 after buying an additional 3,403 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Oppenheimer by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 560,177 shares of the financial services provider’s stock valued at $24,413,000 after buying an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 36.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OPY shares. StockNews.com cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 29th. TheStreet upgraded Oppenheimer from a “c+” rating to a “b” rating in a report on Monday, November 20th.

Get Our Latest Research Report on Oppenheimer

Oppenheimer Trading Down 0.6 %

NYSE:OPY opened at $38.85 on Tuesday. The firm has a market cap of $403.26 million, a PE ratio of 15.18 and a beta of 1.15. The stock has a fifty day moving average price of $39.84 and a 200 day moving average price of $38.49. Oppenheimer Holdings Inc. has a 12-month low of $32.82 and a 12-month high of $47.94. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 0.14.

Oppenheimer (NYSE:OPYGet Free Report) last released its earnings results on Friday, January 26th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter. The firm had revenue of $308.29 million during the quarter. Oppenheimer had a return on equity of 4.46% and a net margin of 2.42%.

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, February 8th. Oppenheimer’s dividend payout ratio (DPR) is 23.44%.

About Oppenheimer

(Free Report)

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers 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.

Read More

Want to see what other hedge funds are holding OPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oppenheimer Holdings Inc. (NYSE:OPYFree Report).

Institutional Ownership by Quarter for Oppenheimer (NYSE:OPY)

Receive News & Ratings for Oppenheimer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oppenheimer and related companies with MarketBeat.com's FREE daily email newsletter.