Oppenheimer (NYSE:OPY) Insider Sells $423,700.91 in Stock

Oppenheimer Holdings, Inc. (NYSE:OPY) insider Dennis Mcnamara sold 4,673 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $90.67, for a total transaction of $423,700.91. Following the sale, the insider owned 20,177 shares in the company, valued at $1,829,448.59. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oppenheimer Stock Performance

Shares of Oppenheimer stock opened at $88.45 on Friday. Oppenheimer Holdings, Inc. has a fifty-two week low of $49.26 and a fifty-two week high of $94.10. The company has a market capitalization of $930.58 million, a P/E ratio of 6.78 and a beta of 1.18. The company has a fifty day moving average of $82.00 and a 200 day moving average of $74.86.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. The business had revenue of $472.63 million for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Oppenheimer’s payout ratio is currently 5.52%.

Institutional Investors Weigh In On Oppenheimer

Several large investors have recently bought and sold shares of the business. American Century Companies Inc. raised its stake in Oppenheimer by 17.3% during the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock valued at $22,115,000 after purchasing an additional 44,145 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Oppenheimer by 56.6% in the 4th quarter. Millennium Management LLC now owns 114,737 shares of the financial services provider’s stock valued at $8,294,000 after acquiring an additional 41,485 shares during the last quarter. State Street Corp lifted its holdings in shares of Oppenheimer by 109.6% in the 4th quarter. State Street Corp now owns 67,421 shares of the financial services provider’s stock valued at $4,941,000 after acquiring an additional 35,250 shares during the last quarter. Marshall Wace LLP purchased a new position in Oppenheimer in the second quarter worth about $2,016,000. Finally, Algert Global LLC increased its stake in Oppenheimer by 726.5% during the third quarter. Algert Global LLC now owns 33,779 shares of the financial services provider’s stock worth $2,497,000 after acquiring an additional 29,692 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OPY shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Cantor Fitzgerald cut shares of Oppenheimer to a “buy” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Oppenheimer presently has a consensus rating of “Buy”.

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.