Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) saw strong trading volume on Friday . 28,507 shares traded hands during mid-day trading, an increase of 24% from the previous session's volume of 22,937 shares.The stock last traded at $62.78 and had previously closed at $63.36.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.
View Our Latest Report on OPY
Oppenheimer Stock Performance
The company's 50-day moving average price is $66.13 and its 200 day moving average price is $59.37. 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 capitalization of $647.13 million, a PE ratio of 9.83 and a beta of 1.12.
Oppenheimer (NYSE:OPY - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.
Oppenheimer Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. Oppenheimer's dividend payout ratio (DPR) is currently 11.30%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of OPY. Quest Partners LLC lifted its position in Oppenheimer by 140.1% during the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider's stock valued at $208,000 after acquiring an additional 2,375 shares during the period. FMR LLC lifted its position in Oppenheimer by 26.3% during the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider's stock valued at $618,000 after acquiring an additional 2,512 shares during the period. BNP Paribas Financial Markets lifted its position in 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 valued at $164,000 after acquiring an additional 3,115 shares during the period. PDT Partners LLC purchased a new position in Oppenheimer during the 3rd quarter valued at about $464,000. Finally, Quadrature Capital Ltd purchased a new position in Oppenheimer during the 3rd quarter valued at about $290,000. 32.26% of the stock is owned by hedge funds and other institutional investors.
Oppenheimer Company Profile
(
Get Free Report)
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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