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

Oppenheimer Holdings, Inc. (NYSE:OPY)’s stock price reached a new 52-week high on Friday . The company traded as high as $81.89 and last traded at $79.5730, with a volume of 11475 shares. The stock had previously closed at $79.02.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald lowered Oppenheimer to a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Oppenheimer presently has an average rating of “Buy”.

Oppenheimer Price Performance

The stock has a market cap of $841.60 million, a price-to-earnings ratio of 10.75 and a beta of 1.17. The firm has a fifty day moving average of $71.00 and a 200 day moving average of $71.24.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.The company had revenue of $401.94 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a dividend of $1.00 per share. The ex-dividend date was Friday, December 26th. Oppenheimer’s dividend payout ratio (DPR) is presently 9.66%.

Institutional Trading of Oppenheimer

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Oppenheimer by 39.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 2,296 shares during the period. American Century Companies Inc. lifted its stake in shares of Oppenheimer by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 255,066 shares of the financial services provider’s stock valued at $16,776,000 after purchasing an additional 27,677 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Oppenheimer during the 2nd quarter worth $648,000. AlphaQuest LLC acquired a new stake in shares of Oppenheimer during the 2nd quarter worth about $223,000. Finally, Inspire Investing LLC raised its holdings in Oppenheimer by 2.5% in the 2nd quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock valued at $392,000 after buying an additional 145 shares during the period. Hedge funds and other 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.