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

Shares of Oppenheimer Holdings Inc. (NYSE:OPY) hit a new 52-week high during trading on Tuesday . The company traded as high as $71.32 and last traded at $71.50, with a volume of 2879 shares traded. The stock had previously closed at $68.93.

Oppenheimer Stock Down 2.2 %

The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The stock has a market cap of $730.59 million, a PE ratio of 11.00 and a beta of 1.14. The firm has a fifty day moving average of $63.66 and a 200 day moving average of $56.00.

Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The business had revenue of $373.35 million for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. Oppenheimer’s dividend payout ratio is presently 11.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in Oppenheimer by 3,146.5% during the third 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. Quest Partners LLC increased its holdings 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 acquiring an additional 2,375 shares during the period. Quadrature Capital Ltd acquired a new stake in Oppenheimer during the 3rd quarter worth $290,000. Jane Street Group LLC acquired a new stake in Oppenheimer during the 3rd quarter worth $319,000. Finally, Bank of Montreal Can purchased a new position in Oppenheimer during the 2nd quarter worth $367,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

About Oppenheimer

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.