Brandywine Global Investment Management LLC Lowers Position in Oppenheimer Holdings Inc. (NYSE:OPY)

Brandywine Global Investment Management LLC decreased its stake in Oppenheimer Holdings Inc. (NYSE:OPY) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,772 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Oppenheimer were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Oppenheimer by 403.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 13,747 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Oppenheimer by 74.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,649 shares of the financial services provider’s stock worth $1,259,000 after purchasing an additional 8,359 shares during the period. FMR LLC raised its position in shares of Oppenheimer by 26.3% during the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 2,512 shares during the period. PDT Partners LLC purchased a new position in shares of Oppenheimer during the 3rd quarter valued at $464,000. Finally, TCW Group Inc. boosted its holdings in Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 26,600 shares during the period. Institutional investors own 32.26% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd.

Oppenheimer Stock Up 0.2 %

NYSE OPY opened at $59.78 on Thursday. Oppenheimer Holdings Inc. has a 12 month low of $36.93 and a 12 month high of $73.12. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market cap of $629.18 million, a PE ratio of 9.38 and a beta of 1.12. The stock’s 50 day moving average is $64.17 and its 200 day moving average is $60.49.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. Oppenheimer’s dividend payout ratio (DPR) is 11.30%.

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.