Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Update

Oppenheimer Holdings, Inc. (NYSE:OPY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 25,700 shares, a decrease of 54.1% from the September 15th total of 56,000 shares. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In related news, insider Dennis P. Mcnamara sold 2,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total value of $147,620.00. Following the sale, the insider owned 21,766 shares in the company, valued at approximately $1,606,548.46. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.25% of the company’s stock.

Institutional Trading of Oppenheimer

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Oppenheimer by 1.5% in the first quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider’s stock valued at $23,341,000 after buying an additional 5,666 shares in the last quarter. American Century Companies Inc. boosted its stake in Oppenheimer by 17.2% in the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider’s stock valued at $13,559,000 after buying an additional 33,433 shares in the last quarter. Invesco Ltd. boosted its stake in Oppenheimer by 864.7% in the first quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 37,284 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Oppenheimer by 581.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,866 shares of the financial services provider’s stock valued at $1,423,000 after buying an additional 20,366 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Oppenheimer by 39.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock valued at $486,000 after buying an additional 2,296 shares in the last quarter. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Stock Performance

OPY opened at $67.08 on Monday. The firm has a market cap of $705.71 million, a P/E ratio of 8.70 and a beta of 1.18. Oppenheimer has a 52-week low of $47.96 and a 52-week high of $79.99. The business’s fifty day moving average is $72.71 and its 200-day moving average is $66.95.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $373.18 million for the quarter. Oppenheimer had a return on equity of 10.13% and a net margin of 5.88%.

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Oppenheimer’s dividend payout ratio is 9.34%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a report on Wednesday, October 8th. Wall Street Zen raised Oppenheimer from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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.