TCW Group Inc. Acquires 2,700 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

TCW Group Inc. boosted its holdings in Oppenheimer Holdings Inc. (NYSE:OPY) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 79,300 shares of the financial services provider’s stock after acquiring an additional 2,700 shares during the quarter. TCW Group Inc.’s holdings in Oppenheimer were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Oppenheimer by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 1,620 shares in the last quarter. Profit Investment Management LLC boosted its stake in Oppenheimer by 5.2% in the 4th quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 2,445 shares during the period. JPMorgan Chase & Co. grew its holdings in Oppenheimer by 403.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock valued at $878,000 after buying an additional 13,747 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Oppenheimer during the third quarter valued at about $407,000. Finally, Jane Street Group LLC purchased a new stake in shares of Oppenheimer in the third quarter worth about $319,000. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Stock Down 2.9 %

OPY opened at $62.82 on Monday. The firm has a market capitalization of $648.95 million, a P/E ratio of 9.86 and a beta of 1.14. Oppenheimer Holdings Inc. has a one year low of $36.93 and a one year high of $73.12. The company has a fifty day moving average price of $65.91 and a 200-day moving average price of $58.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

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

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, February 14th. Oppenheimer’s dividend payout ratio is currently 11.30%.

Wall Street Analysts Forecast Growth

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

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.