Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . 32,240 shares changed hands during mid-day trading, a decline of 2% from the previous session's volume of 32,836 shares.The stock last traded at $62.55 and had previously closed at $61.76.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Oppenheimer from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd.
Get Our Latest Stock Report on Oppenheimer
Oppenheimer Stock Down 3.1 %
The firm's 50-day moving average is $64.84 and its two-hundred day moving average is $60.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The stock has a market cap of $621.76 million, a P/E ratio of 9.27 and a beta of 1.12.
Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer's payout ratio is 11.30%.
Institutional Investors Weigh In On Oppenheimer
A number of institutional investors have recently made changes to their positions in the stock. FMR LLC grew its position in shares of Oppenheimer by 26.3% during the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock worth $618,000 after buying an additional 2,512 shares during the period. BNP Paribas Financial Markets grew its holdings in Oppenheimer by 3,146.5% during the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 3,115 shares during the period. PDT Partners LLC bought a new stake in Oppenheimer in the third quarter valued at approximately $464,000. Quadrature Capital Ltd bought a new position in shares of Oppenheimer during the third quarter worth $290,000. Finally, Jane Street Group LLC bought a new position in shares of Oppenheimer during the third quarter worth $319,000. 32.26% of the stock is owned by institutional investors and hedge funds.
About Oppenheimer
(
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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.
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