Oppenheimer (NYSE:OPY) Hits New 52-Week High – What’s Next?

Oppenheimer Holdings Inc. (NYSE:OPY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $65.59 and last traded at $64.95, with a volume of 55592 shares changing hands. The stock had previously closed at $61.71.

Oppenheimer Stock Performance

The firm has a market capitalization of $678.64 million, a price-to-earnings ratio of 9.71 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $54.69 and its 200-day moving average is $51.17.

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

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. Oppenheimer’s payout ratio is 11.20%.

Institutional Trading of Oppenheimer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPY. Innealta Capital LLC bought a new stake in Oppenheimer in the second quarter worth approximately $56,000. BNP Paribas Financial Markets increased its stake in shares of Oppenheimer by 3,146.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 3,115 shares in the last quarter. Quest Partners LLC lifted its position in shares of Oppenheimer by 140.1% during 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 bought a new position in Oppenheimer during the third quarter worth $290,000. Finally, Jane Street Group LLC acquired a new stake in Oppenheimer in the third quarter worth $319,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

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.