Shares of Oppenheimer Holdings, Inc. (NYSE:OPY – Get Free Report) saw an uptick in trading volume on Monday . 67,138 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 72,090 shares.The stock last traded at $114.3970 and had previously closed at $109.46.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on OPY shares. Wall Street Zen downgraded shares of Oppenheimer from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Oppenheimer from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on OPY
Oppenheimer Stock Performance
Oppenheimer (NYSE:OPY – Get Free Report) last issued its earnings results on Friday, May 1st. The financial services provider reported $4.21 earnings per share for the quarter. Oppenheimer had a net margin of 5.66% and a return on equity of 17.49%. The business had revenue of $445.10 million for the quarter.
Oppenheimer Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.20 dividend. This is a boost from Oppenheimer’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. Oppenheimer’s payout ratio is 9.54%.
Institutional Investors Weigh In On Oppenheimer
Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its position in Oppenheimer by 17.3% during the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock worth $22,115,000 after buying an additional 44,145 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Oppenheimer by 54.9% in the third quarter. JPMorgan Chase & Co. now owns 69,438 shares of the financial services provider’s stock valued at $5,132,000 after buying an additional 24,596 shares during the last quarter. Round Rock Advisors LLC boosted its stake in shares of Oppenheimer by 62.9% during the 4th quarter. Round Rock Advisors LLC now owns 14,539 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 5,615 shares during the period. Penn Capital Management Company LLC bought a new position in shares of Oppenheimer during the 3rd quarter worth approximately $640,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Oppenheimer during the 4th quarter worth approximately $89,000. 32.26% of the stock is owned by institutional investors.
Oppenheimer Company Profile
Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.
In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.
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