Key Points
- Dennis Mcnamara sold 4,673 Oppenheimer shares on March 2 at an average price of $90.67, cutting his stake by 18.8% to 20,177 shares (worth ≈ $1.83M).
- Oppenheimer reported EPS of $6.51 and $472.63M in revenue for the quarter, pays a $0.18 quarterly dividend (annualized $0.72, 0.8% yield), and the stock trades near its 52‑week high with a market cap of about $931M and a P/E of 6.79.
Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) insider Dennis Mcnamara sold 4,673 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $90.67, for a total value of $423,700.91. Following the completion of the sale, the insider directly owned 20,177 shares of the company's stock, valued at $1,829,448.59. This represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Oppenheimer Trading Down 2.1%
Shares of OPY stock opened at $88.48 on Wednesday. The firm's fifty day simple moving average is $81.47 and its 200 day simple moving average is $74.65. Oppenheimer Holdings, Inc. has a 1 year low of $49.26 and a 1 year high of $94.10. The firm has a market capitalization of $930.81 million, a P/E ratio of 6.79 and a beta of 1.18.
Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. Oppenheimer had a return on equity of 16.55% and a net margin of 9.06%.The firm had revenue of $472.63 million during the quarter.
Oppenheimer Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, February 13th. Oppenheimer's dividend payout ratio is currently 5.52%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on OPY shares. Cantor Fitzgerald lowered shares of Oppenheimer to a "buy" rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy".
Check Out Our Latest Analysis on OPY
Institutional Trading of Oppenheimer
Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in Oppenheimer in the 3rd quarter worth approximately $31,000. Arax Advisory Partners increased its stake in shares of Oppenheimer by 47,700.0% in the 4th quarter. Arax Advisory Partners now owns 478 shares of the financial services provider's stock valued at $35,000 after buying an additional 477 shares during the period. Torren Management LLC bought a new stake in shares of Oppenheimer during the fourth quarter worth $38,000. Barclays PLC acquired a new position in shares of Oppenheimer during the fourth quarter valued at $40,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Oppenheimer by 193.9% during the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 415 shares during the period. 32.26% of the stock is owned by institutional investors.
Oppenheimer Company Profile
(
Get Free Report)
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.
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