Sei Investments Co. Increases Stock Holdings in Oppenheimer Holdings, Inc. $OPY

Sei Investments Co. boosted its stake in Oppenheimer Holdings, Inc. (NYSE:OPY) by 57.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,532 shares of the financial services provider’s stock after acquiring an additional 4,593 shares during the period. Sei Investments Co. owned 0.12% of Oppenheimer worth $1,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arax Advisory Partners lifted its position 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 worth $35,000 after purchasing an additional 477 shares during the period. Torren Management LLC bought a new stake in shares of Oppenheimer during the 4th quarter valued at about $38,000. Barclays PLC purchased a new position in shares of Oppenheimer during the fourth quarter valued at about $40,000. Clearstead Advisors LLC increased its position 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 buying an additional 415 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Oppenheimer in the second quarter worth about $49,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Stock Performance

Shares of OPY stock opened at $115.59 on Thursday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.05 and a beta of 1.09. Oppenheimer Holdings, Inc. has a one year low of $63.81 and a one year high of $123.24. The company’s 50-day moving average is $109.48 and its 200 day moving average is $98.68.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The business had revenue of $454.88 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 14th. Oppenheimer’s payout ratio is presently 9.03%.

Analysts Set New Price Targets

Several analysts have commented on OPY shares. Wall Street Zen upgraded shares of Oppenheimer from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Oppenheimer from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.