EJF Capital LLC Has $1.48 Million Stake in Oppenheimer Holdings, Inc. $OPY

EJF Capital LLC lowered its stake in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. EJF Capital LLC’s holdings in Oppenheimer were worth $1,478,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Oppenheimer during the third quarter worth about $31,000. Tower Research Capital LLC TRC bought a new stake in shares of Oppenheimer in the 2nd quarter worth approximately $49,000. Quantbot Technologies LP acquired a new stake in shares of Oppenheimer during the 2nd quarter worth approximately $112,000. SG Americas Securities LLC acquired a new stake in shares of Oppenheimer during the 3rd quarter worth approximately $185,000. Finally, Caxton Associates LLP bought a new stake in shares of Oppenheimer during the first quarter valued at approximately $206,000. Institutional investors own 32.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen lowered Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Cantor Fitzgerald lowered shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Oppenheimer Stock Down 4.6%

NYSE:OPY opened at $86.16 on Friday. The firm has a market cap of $906.42 million, a PE ratio of 6.61 and a beta of 1.20. Oppenheimer Holdings, Inc. has a 12 month low of $49.26 and a 12 month high of $94.10. The company’s 50-day moving average price is $80.94 and its two-hundred day moving average price is $74.39.

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

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.18 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.72 annualized dividend and a yield of 0.8%. Oppenheimer’s payout ratio is presently 5.52%.

Oppenheimer 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.