Oppenheimer Holdings, Inc. (OPY) to Distribute Quarterly Dividend of $0.20 on August 28th

Oppenheimer Holdings, Inc. (NYSE:OPY) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.20 per share by the financial services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th.

Oppenheimer has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Oppenheimer Stock Performance

Shares of NYSE:OPY opened at $106.52 on Friday. Oppenheimer has a 52-week low of $63.81 and a 52-week high of $123.24. The company has a market capitalization of $1.14 billion, a P/E ratio of 12.02 and a beta of 1.07. The company has a 50-day simple moving average of $106.17 and a 200 day simple moving average of $96.55.

Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, July 31st. The financial services provider reported $3.98 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 17.49% and a net margin of 5.66%.The firm had revenue of $454.88 million for the quarter.

Institutional Investors Weigh In On Oppenheimer

Several hedge funds have recently bought and sold shares of the stock. Round Rock Advisors LLC grew its position in shares of Oppenheimer by 62.9% in the fourth quarter. Round Rock Advisors LLC now owns 14,539 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 5,615 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Oppenheimer during the 4th quarter worth approximately $89,000. Arax Advisory Partners lifted its holdings in Oppenheimer by 47,700.0% during the 4th quarter. Arax Advisory Partners now owns 478 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 477 shares during the last quarter. Sei Investments Co. boosted its stake in Oppenheimer by 57.9% in the 1st quarter. Sei Investments Co. now owns 12,532 shares of the financial services provider’s stock valued at $1,118,000 after purchasing an additional 4,593 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Oppenheimer by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after purchasing an additional 400 shares during the period. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Oppenheimer Company Profile

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.