Inspire Investing LLC Acquires 145 Shares of Oppenheimer Holdings, Inc. $OPY

Inspire Investing LLC grew its holdings in Oppenheimer Holdings, Inc. (NYSE:OPY) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,965 shares of the financial services provider’s stock after acquiring an additional 145 shares during the period. Inspire Investing LLC owned 0.06% of Oppenheimer worth $392,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OPY. Boston Partners boosted its holdings in shares of Oppenheimer by 457.7% during the 1st quarter. Boston Partners now owns 71,568 shares of the financial services provider’s stock worth $4,268,000 after buying an additional 58,735 shares during the period. Royce & Associates LP boosted its holdings in shares of Oppenheimer by 114.8% during the 1st quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider’s stock worth $4,803,000 after buying an additional 43,050 shares during the period. Invesco Ltd. boosted its holdings in shares of Oppenheimer by 864.7% during the 1st quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 37,284 shares during the period. American Century Companies Inc. boosted its holdings in shares of Oppenheimer by 17.2% during the 1st quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider’s stock worth $13,559,000 after buying an additional 33,433 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Oppenheimer by 581.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,866 shares of the financial services provider’s stock worth $1,423,000 after buying an additional 20,366 shares during the period. 32.26% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Dennis P. Mcnamara sold 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total value of $147,620.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

OPY has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a report on Wednesday, October 8th. Wall Street Zen raised shares of Oppenheimer from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Oppenheimer Price Performance

Shares of Oppenheimer stock opened at $69.36 on Wednesday. Oppenheimer Holdings, Inc. has a fifty-two week low of $47.89 and a fifty-two week high of $79.99. The firm has a fifty day moving average price of $72.99 and a two-hundred day moving average price of $66.71. The company has a market cap of $729.64 million, a PE ratio of 9.00 and a beta of 1.18.

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

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.18 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Oppenheimer’s dividend payout ratio is currently 9.34%.

Oppenheimer Company Profile

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.