Oppenheimer Holdings, Inc. (OPY) to Issue Quarterly Dividend of $0.18 on February 27th

Oppenheimer Holdings, Inc. (NYSE:OPY) announced a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 13th will be given a dividend of 0.18 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, February 13th.

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

Oppenheimer Price Performance

OPY traded down $2.66 during trading on Wednesday, hitting $87.85. 17,209 shares of the stock traded hands, compared to its average volume of 49,078. The firm has a market capitalization of $924.13 million, a P/E ratio of 6.74 and a beta of 1.20. Oppenheimer has a 12-month low of $49.26 and a 12-month high of $94.10. The firm has a 50-day moving average of $76.84 and a 200 day moving average of $73.14.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. Oppenheimer had a net margin of 9.06% and a return on equity of 16.55%. The company had revenue of $472.63 million during the quarter.

Hedge Funds Weigh In On Oppenheimer

Several institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in shares of Oppenheimer by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 255,066 shares of the financial services provider’s stock valued at $16,776,000 after acquiring an additional 27,677 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Oppenheimer in the 2nd quarter worth about $648,000. AlphaQuest LLC bought a new position in shares of Oppenheimer in the 2nd quarter valued at about $223,000. Inspire Investing LLC increased its stake in Oppenheimer by 2.5% during the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 145 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Oppenheimer during the third quarter valued at approximately $233,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

About Oppenheimer

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.