Oppenheimer (NYSE:OPY) Sees Large Volume Increase – What’s Next?

Oppenheimer Holdings, Inc. (NYSE:OPY) shares saw an uptick in trading volume on Friday . 77,717 shares traded hands during trading, an increase of 12% from the previous session’s volume of 69,381 shares.The stock last traded at $102.31 and had previously closed at $104.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Oppenheimer from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Oppenheimer from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Oppenheimer Stock Up 0.0%

The firm’s 50-day moving average price is $101.88 and its 200 day moving average price is $89.77. The firm has a market cap of $1.12 billion, a P/E ratio of 12.50 and a beta of 1.10.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $4.21 earnings per share (EPS) for the quarter. The business had revenue of $445.10 million during the quarter. Oppenheimer had a return on equity of 17.49% and a net margin of 5.66%.

Oppenheimer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Oppenheimer’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. Oppenheimer’s dividend payout ratio is 9.54%.

Hedge Funds Weigh In On Oppenheimer

A number of institutional investors and hedge funds have recently bought and sold shares of OPY. Arax Advisory Partners increased its stake in Oppenheimer by 47,700.0% during the 4th quarter. Arax Advisory Partners now owns 478 shares of the financial services provider’s stock valued at $35,000 after buying an additional 477 shares during the period. Torren Management LLC bought a new position in shares of Oppenheimer in the fourth quarter valued at approximately $38,000. Barclays PLC bought a new position in shares of Oppenheimer in the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC increased its stake in shares of Oppenheimer by 193.9% during the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 415 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Oppenheimer during the second quarter valued at approximately $49,000. Institutional investors own 32.26% of the company’s stock.

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.