Oppenheimer (NYSE:OPY) Sets New 1-Year High – Here’s What Happened

Oppenheimer Holdings Inc. (NYSE:OPY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $65.59 and last traded at $64.95, with a volume of 55592 shares changing hands. The stock had previously closed at $61.71.

Oppenheimer Stock Down 3.0 %

The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $55.35 and its 200-day moving average price is $51.47. The company has a market capitalization of $674.70 million, a price-to-earnings ratio of 10.00 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%. The business had revenue of $373.35 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. Oppenheimer’s payout ratio is presently 11.20%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OPY. TCW Group Inc. bought a new stake in Oppenheimer in the second quarter valued at approximately $2,396,000. American Century Companies Inc. boosted its holdings in Oppenheimer by 35.3% in the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock valued at $5,962,000 after acquiring an additional 32,444 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Oppenheimer in the second quarter valued at approximately $1,197,000. Vanguard Group Inc. boosted its holdings in Oppenheimer by 4.6% in the first quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock valued at $11,373,000 after acquiring an additional 12,525 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Oppenheimer by 74.8% in the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after acquiring an additional 10,433 shares during the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.