Oppenheimer (NYSE:OPY) Sees Strong Trading Volume - Should You Buy?

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) shares saw an uptick in trading volume on Thursday . 22,598 shares were traded during trading, a decline of 34% from the previous session's volume of 34,062 shares.The stock last traded at $57.76 and had previously closed at $55.83.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.

Oppenheimer Stock Down 1.7 %

The firm has a fifty day moving average price of $59.86 and a 200 day moving average price of $60.93. The firm has a market capitalization of $588.56 million, a price-to-earnings ratio of 8.78 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY - Get Free Report) last announced 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, February 14th. Oppenheimer's dividend payout ratio is 11.30%.

Institutional Trading of Oppenheimer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock valued at $878,000 after purchasing an additional 13,747 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Oppenheimer by 16.0% in the 4th quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider's stock valued at $12,431,000 after purchasing an additional 26,686 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 valued at $1,259,000 after purchasing an additional 8,359 shares in the last quarter. Boston Partners acquired a new position in shares of Oppenheimer during the fourth quarter worth about $822,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Oppenheimer during the fourth quarter worth about $224,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

About Oppenheimer

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.