Oppenheimer Holdings, Inc. (NYSE:OPY) Issues Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Oppenheimer Holdings, Inc. (NYSE:OPY) announced its earnings results on Friday, October 27th. The financial services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.38, MarketWatch Earnings reports. Oppenheimer Holdings had a negative net margin of 0.02% and a negative return on equity of 0.40%. The business had revenue of $226.22 million for the quarter.

Shares of Oppenheimer Holdings (NYSE:OPY) opened at $23.90 on Monday. Oppenheimer Holdings has a 1 year low of $15.10 and a 1 year high of $24.15. The company has a current ratio of 1.22, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.84%. Oppenheimer Holdings’s payout ratio is currently -2,198.90%.

A hedge fund recently raised its stake in Oppenheimer Holdings stock. State Street Corp increased its holdings in Oppenheimer Holdings, Inc. (NYSE:OPY) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,376 shares of the financial services provider’s stock after buying an additional 7,845 shares during the period. State Street Corp owned about 1.38% of Oppenheimer Holdings worth $3,007,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.56% of the company’s stock.

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About Oppenheimer Holdings

Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.

Earnings History for Oppenheimer Holdings (NYSE:OPY)

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