Oppenheimer (NYSE:OPY) Stock Crosses Above Two Hundred Day Moving Average of $38.91

Shares of Oppenheimer Holdings Inc. (NYSE:OPY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.91 and traded as high as $42.05. Oppenheimer shares last traded at $41.75, with a volume of 24,241 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Oppenheimer Stock Up 2.3 %

The business’s fifty day simple moving average is $38.81 and its two-hundred day simple moving average is $38.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.77. The company has a market cap of $436.58 million, a PE ratio of 11.25 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.37 earnings per share for the quarter. The firm had revenue of $353.14 million during the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. Oppenheimer’s dividend payout ratio (DPR) is 16.17%.

Hedge Funds Weigh In On Oppenheimer

Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in shares of Oppenheimer by 2,291.1% during the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,031 shares in the last quarter. Beverly Hills Private Wealth LLC purchased a new stake in Oppenheimer during the 4th quarter valued at about $206,000. Barclays PLC raised its holdings in Oppenheimer by 1,758.9% in the 3rd quarter. Barclays PLC now owns 5,967 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 5,646 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new position in Oppenheimer in the 4th quarter worth approximately $277,000. Finally, Caxton Associates LP grew its position in shares of Oppenheimer by 30.4% in the third quarter. Caxton Associates LP now owns 9,018 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 2,104 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Oppenheimer Company Profile

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.