Oppenheimer Holdings, Inc. (NYSE:OPY – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $123.73 and last traded at $121.89, with a volume of 40785 shares trading hands. The stock had previously closed at $120.00.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Weiss Ratings raised shares of Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Oppenheimer from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Read Our Latest Stock Report on Oppenheimer
Oppenheimer Stock Performance
Oppenheimer (NYSE:OPY – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The business had revenue of $454.88 million for the quarter.
Oppenheimer Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 14th. Oppenheimer’s dividend payout ratio is presently 9.03%.
Institutional Trading of Oppenheimer
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in Oppenheimer by 39.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 2,296 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Oppenheimer in the first quarter worth about $206,000. Empowered Funds LLC raised its stake in shares of Oppenheimer by 5.3% in the first quarter. Empowered Funds LLC now owns 36,347 shares of the financial services provider’s stock worth $2,167,000 after purchasing an additional 1,836 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oppenheimer by 0.3% during the second quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after purchasing an additional 214 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Oppenheimer by 146.4% during the second quarter. JPMorgan Chase & Co. now owns 44,842 shares of the financial services provider’s stock worth $2,949,000 after purchasing an additional 26,643 shares during the period. Institutional investors and hedge funds own 32.26% of the company’s stock.
About Oppenheimer
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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