Oppenheimer (NYSE:OPY) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.09 and traded as high as $66.53. Oppenheimer shares last traded at $65.21, with a volume of 17,443 shares traded.

Analyst Upgrades and Downgrades

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

Oppenheimer Price Performance

The company has a fifty day simple moving average of $66.22 and a two-hundred day simple moving average of $59.09. 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 company has a market capitalization of $673.63 million, a price-to-earnings ratio of 10.24 and a beta of 1.14.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. Oppenheimer's dividend payout ratio is presently 11.30%.

Institutional Trading of Oppenheimer

Several institutional investors have recently made changes to their positions in OPY. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Oppenheimer during the 4th quarter valued at $77,000. Tower Research Capital LLC TRC purchased a new stake in Oppenheimer during the 4th quarter worth $87,000. BNP Paribas Financial Markets boosted 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 worth $164,000 after purchasing an additional 3,115 shares during the period. Jump Financial LLC purchased a new stake in Oppenheimer during the 4th quarter worth $205,000. Finally, Quest Partners LLC boosted 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 worth $208,000 after purchasing an additional 2,375 shares during the period. 32.26% of the stock is owned by hedge funds and other institutional investors.

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.

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