Oppenheimer Holdings (OPY) 16.03 $OPY
Oppenheimer Holdings Inc. Reports Completion of the Sale of its $3.8 Billion Mortgage Servicing Portfolio
CNW Group - Wed Jun 22, 11:27AM CDT
Oppenheimer Holdings Inc. (NYSE: OPY) today reported the completion of the sale by its subsidiary, Oppenheimer Multifamily Housing & Healthcare Finance, Inc. ("OMHHF"
of OMHHF's permanent loan mortgage servicing portfolio to Walker & Dunlop, Inc. for cash proceeds of approximately $45 million. The sale, consisting of over 480 permanent loans insured by the U.S. Department of Housing and Urban Development, represents a sale of substantially all of the assets of OMHHF. The sale of the remainder of OMHHF's operating assets is expected to be completed in the near future. As previously reported, the Company had determined that OMHHF was a non-core business of the Oppenheimer financial services franchise and the Company's board of directors had approved the sale of assets of OMHHF.
WD: 23.95 (+0.55), OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Makes Key Strategic Leadership Changes In Private Client Division
PR Newswire - Tue Jun 21, 9:00AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer" today announced the retirement of Senior Vice President Tom Fritzlen after more than three decades at the firm and the appointment of Jim Lowe as Fritzlen's successor. In addition to these changes, Mark Trafford and Todd Wiggins have been named branch managers of Oppenheimer's Seattle and Atlanta branches, respectively.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Launches 2016 Summer Internship And Trainee Programs To Support Talent Development
PR Newswire - Thu Jun 16, 9:00AM CDT
Oppenheimer & Co. Inc. (Oppenheimer) is pleased to announce the launch of its 2016 Summer Internship Program. Now in its twelfth year, the program consistently attracts exceptional students from leading universities from many different states. This year, Oppenheimer received more than 1,500 applications for 60 placements throughout its New York City headquarters and other branch office network.
OPY: 16.03 (+0.16)
The Securities Arbitration Law Firm of Klayman & Toskes P.A. Commences an Investigation into Oppenheimer's Sales Practices Regarding Inverse and Inverse-Leveraged ETFs in Light of the $2.25 Million Fine Levied Against Oppenheimer by FINRA
BusinessWire - Thu Jun 09, 11:22AM CDT
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T", www.nasd-law.com, announced today that it has commenced a comprehensive investigation into Oppenheimer's (NYSE:OPY) sales practices regarding inverse and inverse-leveraged ETFs that were unsuitable for clients in light of the $3 million fine levied against Oppenheimer by FINRA.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Expands Team And Technology Commitment To Support Advisor Talent
PR Newswire - Tue Jun 07, 9:00AM CDT
Oppenheimer Asset Management Inc. (OAM) today announced strategic advancements to the technology and operations platforms for financial advisors of Oppenheimer & Co. Inc. (Oppenheimer). In addition to offering Unified Managed Accounts (UMA) Overlay Portfolio Management via Vestmark's technology platform, the OAM team also announced strategic hires made to manage client portfolios.
OPY: 16.03 (+0.16)
Walker & Dunlop to Acquire $3.8 Billion HUD Servicing Portfolio
PR Newswire - Tue Jun 07, 5:30AM CDT
Walker & Dunlop, Inc. (NYSE: WD) (the "Company" announced today that it has agreed to purchase the commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, Inc. a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY). The portfolio is comprised of over 480 multifamily and healthcare loans insured by the U.S. Department of Housing and Urban Development (HUD). The acquisition is expected to close on June 20, 2016 making Walker & Dunlop the largest HUD Multifamily/Healthcare servicer in the U.S. The Company will be using available capital to fund the approximately $45 million purchase price.
WD: 23.95 (+0.55), OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Advisor Tanner Robinson Named Among "Top 25 Regional Advisors Under 40" By On Wall Street
PR Newswire - Mon May 09, 3:30PM CDT
Oppenheimer & Co. Inc. ("Oppenheimer" announces Tanner G. Robinson, CFP®, AIF®, a Director of Investments, has been named to On Wall Street's prestigious "Top 25 Regional Advisors Under 40" list. This year, Tanner was also named to Oppenheimer's 2015 Executive Council, an important recognition awarded only to the firm's top financial advisors.
OPY: 16.03 (+0.16)
On Wall Street Names Chad Allen Of Oppenheimer's Park Avenue, NY Office As One Of Its 'Top 10 Branch Managers'
PR Newswire - Mon May 09, 9:00AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer" announces that Chad Allen, CAIA®, a Managing Director and Branch Manager of its 200 Park Avenue, New York office, has been named to its prestigious list of "Top 10 Branch Managers." This award, following the magazine's list of the "Top 100 Branch Managers," represents the culmination of On Wall Street's acknowledgment of the branch managers who bring out the best in their financial advisors, recruit promising new candidates, and serve as ambassadors between their financial advisors and top management.
OPY: 16.03 (+0.16)
Oppenheimer reports 1Q loss
Automated Insights - Fri Apr 29, 7:16AM CDT
NEW YORK (AP) _ Oppenheimer Holdings Inc. (OPY) on Friday reported a first-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Inc. Reports First Quarter 2016 Earnings and Announces Quarterly Dividend
CNW Group - Fri Apr 29, 7:00AM CDT
Oppenheimer Holdings Inc. (NYSE: OPY) today reported a net loss of $3.8 million or $0.29 basic loss per share for the first quarter of 2016 compared with net income of $5.7 million or $0.42 basic earnings per share for the first quarter of 2015. Loss before income tax benefit was $8.0 million for the first quarter of 2016 compared with income before income tax provision of $9.9 million for the first quarter of 2015. Revenue for the first quarter of 2016 was $218.7 million compared with revenue of $245.6 million for the first quarter of 2015, a decrease of 10.9%.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Commitment To Boston Enhanced With New Institutional Sales Hires
PR Newswire - Thu Apr 07, 9:30AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer" has announced new team members Gregory Traynor and Michael Leahy joined the firm's strategically important Institutional Sales desk in Boston. Traynor, who previously worked at RBC Capital Markets, will serve as Managing Director and Head of Sales for Oppenheimer's Boston branch. Leahy, formerly of Northcoast Securities, will provide additional strength to the sales effort in the region.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2015 Earnings and Announces Quarterly Dividend
CNW Group - Fri Jan 29, 7:00AM CST
Oppenheimer Holdings Inc. (NYSE: OPY) today reported a net loss of $3.1 million or $0.23 basic loss per share for the fourth quarter of 2015 compared with net income of $2.7 million or $0.20 basic earnings per share for the fourth quarter of 2014. Loss before income tax benefit was $4.2 million for the fourth quarter of 2015 compared with income before income tax provision of $9.6 million for the fourth quarter of 2014. Revenue for the fourth quarter of 2015 was $230.4 million compared with revenue of $254.9 million for the fourth quarter of 2014, a decrease of 9.6%.
OPY: 16.03 (+0.16)
Oppenheimer & Co. names chief marketing officer
M2 - Wed Jan 06, 6:13AM CST
Oppenheimer & Co. Inc. has named Joan Khoury to the company's newly created position of managing director, chief marketing officer, the company said. Khoury is a strategic marketing executive with more than 20 years of B2B and B2C leadership in the financial services industry. She will be based out of the firm's New York headquarters and will be the newest addition to the management committee. She reports into Rob Lowenthal, senior managing director. In her role at Oppenheimer, Khoury will develop and implement strategy for the firm's overall positioning in the market. This includes oversight of firm-wide communications, online websites, social media presence, public relations and all marketing materials. Khoury was most recently the chief marketing officer for LPL Financial, the nation's largest independent broker-dealer, where she developed the company's marketing and branding strategy including public relations, social and digital media, content marketing, conferences and events, and advertising. Oppenheimer & Co. Inc., a principal subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), and its affiliates provide wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Names Joan Khoury Chief Marketing Officer
PR Newswire - Mon Jan 04, 7:30AM CST
Oppenheimer & Co. Inc. ("Oppenheimer" today announced that Joan Khoury has joined the firm as Managing Director, Chief Marketing Officer, a newly created position. Khoury is a strategic marketing executive with more than 20 years of B2B and B2C leadership in the financial services industry. She will be based out of the firm's New York headquarters and will be the newest addition to the Management Committee. She reports into Rob Lowenthal, Senior Managing Director.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Has Returned 6.7% Since SmarTrend Recommendation (OPY)
Comtex SmarTrend(R) - Wed Dec 23, 5:41PM CST
SmarTrend identified a Downtrend for Oppenheimer Holdings (NYSE:OPY) on October 13th, 2015 at $18.50. In approximately 2 months, Oppenheimer Holdings has returned 6.70% as of today's recent price of $17.26.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Has Returned 12.6% Since SmarTrend Recommendation (OPY)
Comtex SmarTrend(R) - Wed Dec 16, 5:29PM CST
SmarTrend identified a Downtrend for Oppenheimer Holdings (NYSE:OPY) on October 13th, 2015 at $18.50. In approximately 2 months, Oppenheimer Holdings has returned 12.59% as of today's recent price of $16.17.
OPY: 16.03 (+0.16)
Oppenheimer's 26th Annual Healthcare Conference Provides Investors With Access To More Than 140 Public And Private Healthcare Companies
PR Newswire - Thu Dec 10, 8:30AM CST
Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings Inc., hosted its 26th Annual Healthcare Conference at The Westin New York Grand Central in New York City on December 8 - 9, 2015. The event featured management presentations from more than 140 public and private companies across the healthcare industry, including Cerner, OPKO Health, Medicines Company, Medtronic, HCA, Cigna, Seattle Genetics, Mallinckrodt and Intercept Pharmaceuticals.
MDT: 89.19 (+0.68), OPK: 9.96 (+0.14), MDCO: 36.56 (+0.37), OPY: 16.03 (+0.16), CERN: 61.07 (+0.97)
Oppenheimer & Co. Inc. Expands Emerging Markets Expertise With Addition Of Jean Paul Garces And Erick Garces As Managing Directors
PR Newswire - Mon Nov 23, 9:00AM CST
Oppenheimer & Co. Inc. ("Oppenheimer" is pleased to announce the addition of Jean Paul Garces and Erick Garces as Managing Directors. The two will lead a team focused on Institutional Emerging Market Sales, specifically in the Caribbean and Central America. The group will work alongside Oppenheimer's Institutional Custody Service Group and will be based out of firm's New York headquarters, reporting to Peter Albano, Managing Director - Global Head of Fixed Income Sales.
OPY: 16.03 (+0.16)
Nathalie Marshik Joins Oppenheimer & Co. Inc. As Executive Director, Emerging Markets Sovereign Analyst
PR Newswire - Mon Nov 23, 7:00AM CST
Oppenheimer & Co. Inc. ("Oppenheimer" is pleased to announce that Nathalie Marshik has joined the firm as Executive Director - Emerging Markets Sovereign Analyst. She will be based out of Oppenheimer's New York headquarters and report to Peter Albano, Managing Director - Global Head of Fixed Income Sales.
JPM: 63.15 (+0.88), OPY: 16.03 (+0.16)
Oppenheimer Holdings Inc. Reports Completion of the Sale of its $3.8 Billion Mortgage Servicing Portfolio
CNW Group - Wed Jun 22, 11:27AM CDT
Oppenheimer Holdings Inc. (NYSE: OPY) today reported the completion of the sale by its subsidiary, Oppenheimer Multifamily Housing & Healthcare Finance, Inc. ("OMHHF"
of OMHHF's permanent loan mortgage servicing portfolio to Walker & Dunlop, Inc. for cash proceeds of approximately $45 million. The sale, consisting of over 480 permanent loans insured by the U.S. Department of Housing and Urban Development, represents a sale of substantially all of the assets of OMHHF. The sale of the remainder of OMHHF's operating assets is expected to be completed in the near future. As previously reported, the Company had determined that OMHHF was a non-core business of the Oppenheimer financial services franchise and the Company's board of directors had approved the sale of assets of OMHHF. WD: 23.95 (+0.55), OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Makes Key Strategic Leadership Changes In Private Client Division
PR Newswire - Tue Jun 21, 9:00AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer"
today announced the retirement of Senior Vice President Tom Fritzlen after more than three decades at the firm and the appointment of Jim Lowe as Fritzlen's successor. In addition to these changes, Mark Trafford and Todd Wiggins have been named branch managers of Oppenheimer's Seattle and Atlanta branches, respectively. OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Launches 2016 Summer Internship And Trainee Programs To Support Talent Development
PR Newswire - Thu Jun 16, 9:00AM CDT
Oppenheimer & Co. Inc. (Oppenheimer) is pleased to announce the launch of its 2016 Summer Internship Program. Now in its twelfth year, the program consistently attracts exceptional students from leading universities from many different states. This year, Oppenheimer received more than 1,500 applications for 60 placements throughout its New York City headquarters and other branch office network.
OPY: 16.03 (+0.16)
The Securities Arbitration Law Firm of Klayman & Toskes P.A. Commences an Investigation into Oppenheimer's Sales Practices Regarding Inverse and Inverse-Leveraged ETFs in Light of the $2.25 Million Fine Levied Against Oppenheimer by FINRA
BusinessWire - Thu Jun 09, 11:22AM CDT
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T"
, www.nasd-law.com, announced today that it has commenced a comprehensive investigation into Oppenheimer's (NYSE:OPY) sales practices regarding inverse and inverse-leveraged ETFs that were unsuitable for clients in light of the $3 million fine levied against Oppenheimer by FINRA. OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Expands Team And Technology Commitment To Support Advisor Talent
PR Newswire - Tue Jun 07, 9:00AM CDT
Oppenheimer Asset Management Inc. (OAM) today announced strategic advancements to the technology and operations platforms for financial advisors of Oppenheimer & Co. Inc. (Oppenheimer). In addition to offering Unified Managed Accounts (UMA) Overlay Portfolio Management via Vestmark's technology platform, the OAM team also announced strategic hires made to manage client portfolios.
OPY: 16.03 (+0.16)
Walker & Dunlop to Acquire $3.8 Billion HUD Servicing Portfolio
PR Newswire - Tue Jun 07, 5:30AM CDT
Walker & Dunlop, Inc. (NYSE: WD) (the "Company"
announced today that it has agreed to purchase the commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, Inc. a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY). The portfolio is comprised of over 480 multifamily and healthcare loans insured by the U.S. Department of Housing and Urban Development (HUD). The acquisition is expected to close on June 20, 2016 making Walker & Dunlop the largest HUD Multifamily/Healthcare servicer in the U.S. The Company will be using available capital to fund the approximately $45 million purchase price. WD: 23.95 (+0.55), OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Advisor Tanner Robinson Named Among "Top 25 Regional Advisors Under 40" By On Wall Street
PR Newswire - Mon May 09, 3:30PM CDT
Oppenheimer & Co. Inc. ("Oppenheimer"
announces Tanner G. Robinson, CFP®, AIF®, a Director of Investments, has been named to On Wall Street's prestigious "Top 25 Regional Advisors Under 40" list. This year, Tanner was also named to Oppenheimer's 2015 Executive Council, an important recognition awarded only to the firm's top financial advisors. OPY: 16.03 (+0.16)
On Wall Street Names Chad Allen Of Oppenheimer's Park Avenue, NY Office As One Of Its 'Top 10 Branch Managers'
PR Newswire - Mon May 09, 9:00AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer"
announces that Chad Allen, CAIA®, a Managing Director and Branch Manager of its 200 Park Avenue, New York office, has been named to its prestigious list of "Top 10 Branch Managers." This award, following the magazine's list of the "Top 100 Branch Managers," represents the culmination of On Wall Street's acknowledgment of the branch managers who bring out the best in their financial advisors, recruit promising new candidates, and serve as ambassadors between their financial advisors and top management. OPY: 16.03 (+0.16)
Oppenheimer reports 1Q loss
Automated Insights - Fri Apr 29, 7:16AM CDT
NEW YORK (AP) _ Oppenheimer Holdings Inc. (OPY) on Friday reported a first-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Inc. Reports First Quarter 2016 Earnings and Announces Quarterly Dividend
CNW Group - Fri Apr 29, 7:00AM CDT
Oppenheimer Holdings Inc. (NYSE: OPY) today reported a net loss of $3.8 million or $0.29 basic loss per share for the first quarter of 2016 compared with net income of $5.7 million or $0.42 basic earnings per share for the first quarter of 2015. Loss before income tax benefit was $8.0 million for the first quarter of 2016 compared with income before income tax provision of $9.9 million for the first quarter of 2015. Revenue for the first quarter of 2016 was $218.7 million compared with revenue of $245.6 million for the first quarter of 2015, a decrease of 10.9%.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Commitment To Boston Enhanced With New Institutional Sales Hires
PR Newswire - Thu Apr 07, 9:30AM CDT
Oppenheimer & Co. Inc. ("Oppenheimer"
has announced new team members Gregory Traynor and Michael Leahy joined the firm's strategically important Institutional Sales desk in Boston. Traynor, who previously worked at RBC Capital Markets, will serve as Managing Director and Head of Sales for Oppenheimer's Boston branch. Leahy, formerly of Northcoast Securities, will provide additional strength to the sales effort in the region. OPY: 16.03 (+0.16)
Oppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2015 Earnings and Announces Quarterly Dividend
CNW Group - Fri Jan 29, 7:00AM CST
Oppenheimer Holdings Inc. (NYSE: OPY) today reported a net loss of $3.1 million or $0.23 basic loss per share for the fourth quarter of 2015 compared with net income of $2.7 million or $0.20 basic earnings per share for the fourth quarter of 2014. Loss before income tax benefit was $4.2 million for the fourth quarter of 2015 compared with income before income tax provision of $9.6 million for the fourth quarter of 2014. Revenue for the fourth quarter of 2015 was $230.4 million compared with revenue of $254.9 million for the fourth quarter of 2014, a decrease of 9.6%.
OPY: 16.03 (+0.16)
Oppenheimer & Co. names chief marketing officer
M2 - Wed Jan 06, 6:13AM CST
Oppenheimer & Co. Inc. has named Joan Khoury to the company's newly created position of managing director, chief marketing officer, the company said. Khoury is a strategic marketing executive with more than 20 years of B2B and B2C leadership in the financial services industry. She will be based out of the firm's New York headquarters and will be the newest addition to the management committee. She reports into Rob Lowenthal, senior managing director. In her role at Oppenheimer, Khoury will develop and implement strategy for the firm's overall positioning in the market. This includes oversight of firm-wide communications, online websites, social media presence, public relations and all marketing materials. Khoury was most recently the chief marketing officer for LPL Financial, the nation's largest independent broker-dealer, where she developed the company's marketing and branding strategy including public relations, social and digital media, content marketing, conferences and events, and advertising. Oppenheimer & Co. Inc., a principal subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY), and its affiliates provide wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.
OPY: 16.03 (+0.16)
Oppenheimer & Co. Inc. Names Joan Khoury Chief Marketing Officer
PR Newswire - Mon Jan 04, 7:30AM CST
Oppenheimer & Co. Inc. ("Oppenheimer"
today announced that Joan Khoury has joined the firm as Managing Director, Chief Marketing Officer, a newly created position. Khoury is a strategic marketing executive with more than 20 years of B2B and B2C leadership in the financial services industry. She will be based out of the firm's New York headquarters and will be the newest addition to the Management Committee. She reports into Rob Lowenthal, Senior Managing Director. OPY: 16.03 (+0.16)
Oppenheimer Holdings Has Returned 6.7% Since SmarTrend Recommendation (OPY)
Comtex SmarTrend(R) - Wed Dec 23, 5:41PM CST
SmarTrend identified a Downtrend for Oppenheimer Holdings (NYSE:OPY) on October 13th, 2015 at $18.50. In approximately 2 months, Oppenheimer Holdings has returned 6.70% as of today's recent price of $17.26.
OPY: 16.03 (+0.16)
Oppenheimer Holdings Has Returned 12.6% Since SmarTrend Recommendation (OPY)
Comtex SmarTrend(R) - Wed Dec 16, 5:29PM CST
SmarTrend identified a Downtrend for Oppenheimer Holdings (NYSE:OPY) on October 13th, 2015 at $18.50. In approximately 2 months, Oppenheimer Holdings has returned 12.59% as of today's recent price of $16.17.
OPY: 16.03 (+0.16)
Oppenheimer's 26th Annual Healthcare Conference Provides Investors With Access To More Than 140 Public And Private Healthcare Companies
PR Newswire - Thu Dec 10, 8:30AM CST
Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings Inc., hosted its 26th Annual Healthcare Conference at The Westin New York Grand Central in New York City on December 8 - 9, 2015. The event featured management presentations from more than 140 public and private companies across the healthcare industry, including Cerner, OPKO Health, Medicines Company, Medtronic, HCA, Cigna, Seattle Genetics, Mallinckrodt and Intercept Pharmaceuticals.
MDT: 89.19 (+0.68), OPK: 9.96 (+0.14), MDCO: 36.56 (+0.37), OPY: 16.03 (+0.16), CERN: 61.07 (+0.97)
Oppenheimer & Co. Inc. Expands Emerging Markets Expertise With Addition Of Jean Paul Garces And Erick Garces As Managing Directors
PR Newswire - Mon Nov 23, 9:00AM CST
Oppenheimer & Co. Inc. ("Oppenheimer"
is pleased to announce the addition of Jean Paul Garces and Erick Garces as Managing Directors. The two will lead a team focused on Institutional Emerging Market Sales, specifically in the Caribbean and Central America. The group will work alongside Oppenheimer's Institutional Custody Service Group and will be based out of firm's New York headquarters, reporting to Peter Albano, Managing Director - Global Head of Fixed Income Sales. OPY: 16.03 (+0.16)
Nathalie Marshik Joins Oppenheimer & Co. Inc. As Executive Director, Emerging Markets Sovereign Analyst
PR Newswire - Mon Nov 23, 7:00AM CST
Oppenheimer & Co. Inc. ("Oppenheimer"
is pleased to announce that Nathalie Marshik has joined the firm as Executive Director - Emerging Markets Sovereign Analyst. She will be based out of Oppenheimer's New York headquarters and report to Peter Albano, Managing Director - Global Head of Fixed Income Sales. JPM: 63.15 (+0.88), OPY: 16.03 (+0.16)
