Oppenheimer (NYSE:OPY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Oppenheimer Holdings Inc. (NYSE:OPYGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $54.51 and traded as high as $65.70. Oppenheimer shares last traded at $64.45, with a volume of 13,264 shares.

Oppenheimer Stock Performance

The firm has a market cap of $665.83 million, a price-to-earnings ratio of 10.02 and a beta of 1.14. The stock’s fifty day moving average is $62.03 and its two-hundred day moving average is $54.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

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

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%. Oppenheimer’s dividend payout ratio (DPR) is presently 11.20%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Oppenheimer by 35.3% in the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock worth $5,962,000 after purchasing an additional 32,444 shares during the period. TCW Group Inc. lifted its stake in shares of Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after acquiring an additional 26,600 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Oppenheimer by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 297 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Oppenheimer during the second quarter valued at approximately $1,197,000. Finally, Acadian Asset Management LLC increased its stake in shares of Oppenheimer by 74.8% during the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after acquiring an additional 10,433 shares during the period. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Company Profile

(Get Free Report)

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.

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