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

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 12,083 shares were traded during mid-day trading, a decline of 26% from the previous session's volume of 16,328 shares.The stock last traded at $64.00 and had previously closed at $63.60.

Oppenheimer Stock Up 0.5 %

The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $62.16 and a 200-day simple moving average of $54.64. The company has a market cap of $660.09 million, a PE ratio of 9.94 and a beta of 1.14.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The company had revenue of $373.35 million during the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.13%. Oppenheimer's dividend payout ratio (DPR) is presently 11.20%.

Hedge Funds Weigh In On Oppenheimer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Oppenheimer by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider's stock worth $1,305,000 after purchasing an additional 297 shares during the last quarter. Quest Partners LLC grew its holdings in Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider's stock valued at $208,000 after buying an additional 2,375 shares in the last quarter. FMR LLC increased its stake in shares of Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock worth $618,000 after acquiring an additional 2,512 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider's stock worth $164,000 after acquiring an additional 3,115 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Oppenheimer during the 3rd quarter valued at about $290,000. Hedge funds and other institutional investors own 32.26% of the company's stock.

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.