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

by · The Markets Daily

Oppenheimer Holdings Inc. (NYSE:OPY – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.51 and traded as high as $65.57. Oppenheimer shares last traded at $65.24, with a volume of 23,715 shares.

Oppenheimer Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The company has a fifty day moving average of $60.42 and a 200 day moving average of $53.63. The firm has a market capitalization of $666.66 million, a P/E ratio of 10.04 and a beta of 1.14.

Oppenheimer (NYSE:OPY – Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. The company had revenue of $373.35 million during the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, November 8th. Oppenheimer’s dividend payout ratio is 11.20%.

Institutional Trading of Oppenheimer

Several large investors have recently modified their holdings of OPY. Bank of New York Mellon Corp boosted its stake in Oppenheimer by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 297 shares in the last quarter. Quest Partners LLC grew its stake in shares of Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares during the period. FMR LLC increased its position in Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock valued at $618,000 after buying an additional 2,512 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after buying an additional 3,115 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Oppenheimer in the third quarter worth approximately $290,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Company Profile

(Get Free Report)

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.

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