Oppenheimer (NYSE:OPY) Stock Rating Upgraded by Wall Street Zen

Oppenheimer (NYSE:OPY – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings raised shares of Oppenheimer from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Get Oppenheimer alerts:

View Our Latest Report on Oppenheimer

Oppenheimer Price Performance

Shares of NYSE OPY opened at $106.52 on Friday. The business has a fifty day moving average price of $106.17 and a two-hundred day moving average price of $96.70. The stock has a market capitalization of $1.14 billion, a PE ratio of 12.02 and a beta of 1.09. Oppenheimer has a fifty-two week low of $63.81 and a fifty-two week high of $123.24.

Oppenheimer (NYSE:OPY – Get Free Report) last released its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 19.70% and a net margin of 5.72%.The company had revenue of $454.88 million for the quarter.

Hedge Funds Weigh In On Oppenheimer

A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in shares of Oppenheimer by 48.6% in the 1st quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock valued at $4,109,000 after purchasing an additional 15,073 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Oppenheimer during the 1st quarter worth approximately $1,590,000. Renaissance Technologies LLC increased its position in Oppenheimer by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 400 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Oppenheimer by 9.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock valued at $6,425,000 after purchasing an additional 5,971 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Oppenheimer by 57.9% in the 1st quarter. Sei Investments Co. now owns 12,532 shares of the financial services provider’s stock valued at $1,118,000 after acquiring an additional 4,593 shares during the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Oppenheimer
• 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
• AbbVie Quietly Solved Its Biggest Problem—Now What?
• Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
• Strategy’s Structural Strength: Hidden in a $8 Billion Illusion

Receive News & Ratings for Oppenheimer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oppenheimer and related companies with MarketBeat.com's FREE daily email newsletter.