Oppenheimer (NYSE:OPY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $71.79 and traded as high as $79.37. Oppenheimer shares last traded at $77.12, with a volume of 26,471 shares.

Analyst Upgrades and Downgrades

OPY has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday. Finally, Cantor Fitzgerald lowered Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Oppenheimer Price Performance

The stock has a market cap of $811.38 million, a P/E ratio of 10.35 and a beta of 1.17. The company has a fifty day moving average of $72.41 and a 200 day moving average of $71.83.

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

Oppenheimer Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 26th. Oppenheimer’s dividend payout ratio is presently 9.66%.

Institutional Trading of Oppenheimer

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPY. Inspire Investing LLC boosted its holdings in shares of Oppenheimer by 2.5% during the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 145 shares during the period. Geode Capital Management LLC boosted its stake in shares of Oppenheimer by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock valued at $4,467,000 after buying an additional 214 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Oppenheimer during the 3rd quarter valued at $31,000. Tower Research Capital LLC TRC purchased a new position in shares of Oppenheimer during the 2nd quarter valued at $49,000. Finally, First Trust Advisors LP increased its stake in shares of Oppenheimer by 6.0% in the second quarter. First Trust Advisors LP now owns 19,521 shares of the financial services provider’s stock worth $1,284,000 after acquiring an additional 1,111 shares during the last quarter. 32.26% of the stock is owned by institutional investors and hedge funds.

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.