Oppenheimer (NYSE:OPY) Trading Up 9.2% – Still a Buy?

Oppenheimer Holdings, Inc. (NYSE:OPY) shares shot up 9.2% on Friday . The company traded as high as $81.98 and last traded at $83.2220. 7,139 shares traded hands during trading, a decline of 79% from the average session volume of 33,746 shares. The stock had previously closed at $76.21.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OPY. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald downgraded Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Oppenheimer Trading Up 8.0%

The firm’s 50-day moving average price is $73.29 and its 200 day moving average price is $72.06. The company has a market cap of $865.87 million, a price-to-earnings ratio of 11.02 and a beta of 1.17.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.50% and a return on equity of 9.58%.

Oppenheimer Dividend Announcement

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

Institutional Trading of Oppenheimer

A number of hedge funds and other institutional investors have recently bought and sold shares of OPY. Torren Management LLC bought a new position in shares of Oppenheimer in the fourth quarter valued at $38,000. Round Rock Advisors LLC lifted its position in Oppenheimer by 62.9% in the 4th quarter. Round Rock Advisors LLC now owns 14,539 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 5,615 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Oppenheimer during the 4th quarter worth approximately $89,000. JPMorgan Chase & Co. boosted its position in shares of Oppenheimer by 54.9% during the third quarter. JPMorgan Chase & Co. now owns 69,438 shares of the financial services provider’s stock valued at $5,132,000 after buying an additional 24,596 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new position in shares of Oppenheimer during the third quarter valued at approximately $640,000. Institutional investors own 32.26% of the company’s stock.

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.