Victory Capital Management Inc. Buys New Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Victory Capital Management Inc. bought a new stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,979 shares of the financial services provider’s stock, valued at approximately $1,197,000.

Several other hedge funds have also recently added to or reduced their stakes in OPY. TCW Group Inc. bought a new stake in Oppenheimer during the 2nd quarter valued at approximately $2,396,000. GSA Capital Partners LLP bought a new stake in shares of Oppenheimer in the 1st quarter worth approximately $1,293,000. Vanguard Group Inc. lifted its position in shares of Oppenheimer by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock worth $11,373,000 after acquiring an additional 12,525 shares during the period. Quest Partners LLC bought a new stake in shares of Oppenheimer in the 4th quarter worth approximately $360,000. Finally, EJF Capital LLC lifted its position in shares of Oppenheimer by 12.4% in the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $1,597,000 after acquiring an additional 4,400 shares during the period. Institutional investors own 32.26% of the company’s stock.

Insider Transactions at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total value of $307,680.00. Following the completion of the transaction, the insider now directly owns 20,681 shares of the company’s stock, valued at approximately $1,060,521.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. 32.49% of the stock is currently owned by insiders.

Oppenheimer Price Performance

Shares of OPY stock opened at $50.79 on Friday. The stock has a 50 day moving average of $51.38 and a two-hundred day moving average of $45.63. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Oppenheimer Holdings Inc. has a 12 month low of $32.82 and a 12 month high of $58.35. The company has a market capitalization of $524.61 million, a P/E ratio of 13.69 and a beta of 1.15.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%. The company had revenue of $330.59 million during the quarter.

Oppenheimer Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. Oppenheimer’s dividend payout ratio is currently 19.41%.

Oppenheimer 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.