Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) shares were down 4.7% on Friday . The company traded as low as $69.77 and last traded at $69.14. Approximately 7,356 shares were traded during trading, a decline of 66% from the average daily volume of 21,868 shares. The stock had previously closed at $72.52.
Analysts Set New Price Targets
Separately, StockNews.com lowered Oppenheimer from a "strong-buy" rating to a "buy" rating in a research note on Monday.
Get Our Latest Analysis on Oppenheimer
Oppenheimer Trading Down 1.8 %
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 $691.16 million, a PE ratio of 10.50 and a beta of 1.14. The stock has a fifty day moving average of $65.50 and a 200 day moving average of $57.24.
Oppenheimer (NYSE:OPY - Get Free Report) last released 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, February 14th. Oppenheimer's dividend payout ratio is presently 11.30%.
Institutional Investors Weigh In On Oppenheimer
A number of hedge funds have recently bought and sold shares of the business. TCW Group Inc. grew its stake in shares of Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider's stock worth $3,919,000 after buying an additional 26,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock worth $878,000 after acquiring an additional 13,747 shares in the last quarter. PDT Partners LLC bought a new stake in Oppenheimer during the third quarter worth approximately $464,000. Marshall Wace LLP raised its position in Oppenheimer by 141.1% during the second quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider's stock valued at $706,000 after purchasing an additional 8,623 shares during the period. Finally, Inspire Investing LLC bought a new stake in shares of Oppenheimer in the 3rd quarter valued at approximately $414,000. Hedge funds and other institutional investors own 32.26% of the company's stock.
About Oppenheimer
(
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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