Oppenheimer Holdings Inc. (NYSE:OPY) Holdings Increased by Arbiter Partners Capital Management LLC

Arbiter Partners Capital Management LLC grew its stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 117.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,683 shares of the financial services provider’s stock after purchasing an additional 26,783 shares during the quarter. Oppenheimer makes up approximately 2.0% of Arbiter Partners Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Arbiter Partners Capital Management LLC owned approximately 0.48% of Oppenheimer worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its stake in Oppenheimer by 37.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,161 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 4,386 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Oppenheimer by 3.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider’s stock worth $5,804,000 after buying an additional 3,119 shares in the last quarter. Norges Bank bought a new position in shares of Oppenheimer during the 4th quarter worth $327,000. JPMorgan Chase & Co. increased its stake in shares of Oppenheimer by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 18,940 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 1,787 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Oppenheimer by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider’s stock valued at $24,724,000 after acquiring an additional 20,937 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Stock Performance

Shares of OPY stock opened at $51.78 on Tuesday. The firm has a market cap of $544.98 million, a price-to-earnings ratio of 8.13 and a beta of 1.10. Oppenheimer Holdings Inc. has a 52-week low of $36.93 and a 52-week high of $73.12. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $63.11 and its 200 day moving average is $60.64.

Oppenheimer (NYSE:OPY) last announced 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 return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is 11.30%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report 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.