Oppenheimer Holdings Inc. (OPY) Position Raised by Northern Trust Corp
Northern Trust Corp boosted its position in Oppenheimer Holdings Inc. (NYSE:OPY) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,106 shares of the financial services provider’s stock after purchasing an additional 1,475 shares during the period. Northern Trust Corp owned about 0.86% of Oppenheimer worth $1,855,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Teachers Advisors LLC lifted its position in Oppenheimer by 7.8% in the second quarter. Teachers Advisors LLC now owns 17,218 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 1,239 shares during the period. AMG National Trust Bank lifted its position in shares of Oppenheimer by 8.4% during the 2nd quarter. AMG National Trust Bank now owns 26,726 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 2,072 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Oppenheimer by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,459 shares of the financial services provider’s stock valued at $1,319,000 after acquiring an additional 3,725 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Oppenheimer by 15.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 32,871 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 4,295 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Oppenheimer during the 2nd quarter valued at approximately $174,000. Hedge funds and other institutional investors own 40.90% of the company’s stock.
Shares of Oppenheimer Holdings Inc. (NYSE:OPY) opened at $27.20 on Friday. Oppenheimer Holdings Inc. has a 12-month low of $15.10 and a 12-month high of $27.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.22.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.62%. Oppenheimer’s payout ratio is -2,198.90%.
Separately, ValuEngine downgraded shares of Oppenheimer from a “buy” rating to a “hold” rating in a research report on Friday.
Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.
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