Oppenheimer Holdings, Inc. (NYSE:OPY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $107.00 and last traded at $106.61, with a volume of 22673 shares. The stock had previously closed at $105.11.
Analyst Upgrades and Downgrades
OPY has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Oppenheimer in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Oppenheimer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Finally, Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oppenheimer has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Oppenheimer
Oppenheimer Trading Up 2.3%
Oppenheimer (NYSE:OPY – Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. The firm had revenue of $472.63 million for the quarter. Oppenheimer had a net margin of 9.06% and a return on equity of 16.10%.
Oppenheimer Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, February 13th. Oppenheimer’s payout ratio is 5.52%.
Insider Activity at Oppenheimer
In other Oppenheimer news, insider Dennis P. Mcnamara sold 4,673 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $90.67, for a total transaction of $423,700.91. Following the sale, the insider directly owned 20,177 shares in the company, valued at approximately $1,829,448.59. The trade was a 18.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 34.86% of the company’s stock.
Institutional Trading of Oppenheimer
A number of hedge funds and other institutional investors have recently made changes to their positions in OPY. State of Tennessee Department of Treasury acquired a new position in shares of Oppenheimer in the 4th quarter worth approximately $147,000. Empowered Funds LLC grew its stake in shares of Oppenheimer by 60.9% in the 4th quarter. Empowered Funds LLC now owns 30,993 shares of the financial services provider’s stock worth $2,240,000 after purchasing an additional 11,735 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Oppenheimer in the 4th quarter worth approximately $447,000. Millennium Management LLC grew its stake in shares of Oppenheimer by 56.6% in the 4th quarter. Millennium Management LLC now owns 114,737 shares of the financial services provider’s stock worth $8,294,000 after purchasing an additional 41,485 shares during the last quarter. Finally, Man Group plc grew its stake in shares of Oppenheimer by 31.5% in the 4th quarter. Man Group plc now owns 19,183 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 4,594 shares during the last quarter. 32.26% of the stock is currently owned by institutional investors.
About Oppenheimer
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.
Further Reading
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