Shares of Oppenheimer Holdings, Inc. (NYSE:OPY – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $106.36 and traded as high as $125.25. Oppenheimer shares last traded at $119.0520, with a volume of 91,800 shares.
Analyst Ratings Changes
OPY has been the subject of several recent research reports. Wall Street Zen upgraded Oppenheimer from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on OPY
Oppenheimer Price Performance
Oppenheimer (NYSE:OPY – Get Free Report) last posted its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The company had revenue of $454.88 million for the quarter.
Oppenheimer Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 14th. Oppenheimer’s payout ratio is currently 9.03%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. DGS Capital Management LLC lifted its holdings in Oppenheimer by 2.7% during the first quarter. DGS Capital Management LLC now owns 3,681 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 97 shares during the period. Renaissance Technologies LLC grew its stake in Oppenheimer by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after purchasing an additional 400 shares during the period. Clearstead Advisors LLC grew its stake in Oppenheimer by 193.9% in the 4th quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 415 shares during the period. Bank of New York Mellon Corp increased its position in shares of Oppenheimer by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,886 shares of the financial services provider’s stock valued at $1,684,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Oppenheimer during the 2nd quarter valued at $207,000. Institutional investors own 32.26% of the company’s stock.
About Oppenheimer
Oppenheimer Holdings Inc (NYSE: OPY) is a diversified financial services company and the parent of Oppenheimer & Co Inc, a full-service investment banking and wealth management firm headquartered in New York. The company serves corporations, institutional investors, public entities, high-net-worth individuals and other clients primarily through operations in the United States.
Its principal businesses include investment banking, institutional and retail brokerage, equity and fixed-income research, asset management, and financial planning.
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