Oppenheimer (NYSE:OPY) Sees Strong Trading Volume – What’s Next?

Oppenheimer Holdings, Inc. (NYSE:OPY) shares saw unusually-strong trading volume on Monday . Approximately 105,469 shares were traded during trading, an increase of 106% from the previous session’s volume of 51,160 shares.The stock last traded at $90.5750 and had previously closed at $90.95.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OPY. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Wall Street Zen upgraded Oppenheimer from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Finally, Cantor Fitzgerald lowered Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Oppenheimer Stock Performance

The stock has a 50 day moving average of $87.07 and a two-hundred day moving average of $77.01. The firm has a market capitalization of $1.09 billion, a P/E ratio of 7.78 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.The business had revenue of $472.63 million for the quarter.

Oppenheimer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, February 13th. Oppenheimer’s dividend payout ratio (DPR) is presently 5.52%.

Insider Buying and Selling at Oppenheimer

In related news, insider Dennis P. Mcnamara sold 4,673 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $90.67, for a total value of $423,700.91. Following the transaction, the insider directly owned 20,177 shares of the company’s stock, valued at approximately $1,829,448.59. This trade represents a 18.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 34.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OPY. State of Alaska Department of Revenue bought a new position in Oppenheimer in the 3rd quarter worth approximately $31,000. Arax Advisory Partners increased its position in Oppenheimer by 47,700.0% in the 4th quarter. Arax Advisory Partners now owns 478 shares of the financial services provider’s stock worth $35,000 after buying an additional 477 shares during the period. Torren Management LLC bought a new position in Oppenheimer in the 4th quarter worth approximately $38,000. Barclays PLC bought a new position in Oppenheimer in the 4th quarter worth approximately $40,000. Finally, Clearstead Advisors LLC increased its position in Oppenheimer by 193.9% in the 4th quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock worth $45,000 after buying an additional 415 shares during the period. 32.26% of the stock is owned by institutional investors.

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.