Quest Partners LLC Increases Holdings in Oppenheimer Holdings Inc. (NYSE:OPY)

Quest Partners LLC increased its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 140.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,070 shares of the financial services provider’s stock after purchasing an additional 2,375 shares during the period. Quest Partners LLC’s holdings in Oppenheimer were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Inspire Investing LLC purchased a new stake in Oppenheimer during the 3rd quarter worth $414,000. Marshall Wace LLP boosted its position in Oppenheimer by 141.1% during the 2nd quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 8,623 shares during the period. Bank of Montreal Can purchased a new position in Oppenheimer in the 2nd quarter valued at about $367,000. Beverly Hills Private Wealth LLC boosted its position in Oppenheimer by 55.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock valued at $951,000 after buying an additional 7,094 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Oppenheimer by 35.3% in the 2nd quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock valued at $5,962,000 after buying an additional 32,444 shares during the last quarter. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Stock Performance

NYSE:OPY opened at $61.48 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a 50-day moving average of $54.01 and a two-hundred day moving average of $50.81. The stock has a market cap of $635.09 million, a P/E ratio of 9.56 and a beta of 1.14. Oppenheimer Holdings Inc. has a 1-year low of $36.93 and a 1-year high of $63.27.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $373.35 million for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. Oppenheimer’s dividend payout ratio (DPR) is presently 11.20%.

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.