Oppenheimer Holdings, Inc. (NYSE:OPY – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $102.29 and traded as low as $83.12. Oppenheimer shares last traded at $85.96, with a volume of 264,166 shares.
Analyst Ratings Changes
OPY has been the topic of several recent analyst reports. Wall Street Zen upgraded Oppenheimer from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, Oppenheimer presently has an average rating of “Buy”.
View Our Latest Analysis on Oppenheimer
Oppenheimer Stock Performance
The firm has a market cap of $920.46 million, a P/E ratio of 9.70 and a beta of 1.10. The business’s 50-day simple moving average is $113.84 and its 200 day simple moving average is $102.29.
Oppenheimer (NYSE:OPY – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.81 earnings per share for the quarter. Oppenheimer had a return on equity of 19.51% and a net margin of 5.72%. The firm had revenue of $382.00 million for the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its position in shares of Oppenheimer by 103.0% during the 3rd quarter. Signaturefd LLC now owns 603 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 306 shares during the period. Nisa Investment Advisors LLC lifted its position in Oppenheimer by 138.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,076 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 625 shares in the last quarter. Tidal Investments LLC purchased a new position in Oppenheimer during the second quarter valued at $207,000. DGS Capital Management LLC lifted its position 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 valued at $328,000 after purchasing an additional 97 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in Oppenheimer during the second quarter valued at about $408,000. Hedge funds and other institutional investors own 32.26% of the company’s stock.
Oppenheimer Company Profile
Oppenheimer Holdings Inc is a diversified financial services company that operates primarily through its subsidiaries, including Oppenheimer & Co Inc and Oppenheimer Asset Management Inc The company provides investment banking, securities brokerage, wealth management and asset management services to individual investors, businesses, institutional clients and government entities.
Its investment banking activities include public and private securities offerings, mergers and acquisitions advisory services, financial restructuring and municipal finance.
Featured Articles
- Five stocks we like better than Oppenheimer
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
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.
