Oppenheimer (NYSE:OPY) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Oppenheimer (NYSE:OPY) from a buy rating to a strong-buy rating in a report released on Monday.

Oppenheimer Stock Performance

Shares of Oppenheimer stock opened at $41.28 on Monday. Oppenheimer has a one year low of $32.82 and a one year high of $42.41. The company has a market cap of $431.79 million, a price-to-earnings ratio of 11.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 1.32. The business’s 50 day moving average price is $38.74 and its 200 day moving average price is $38.79.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.37 EPS for the quarter. The firm had revenue of $353.14 million for the quarter. Oppenheimer had a return on equity of 5.93% 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. Shareholders of record on Friday, May 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.45%. Oppenheimer’s dividend payout ratio (DPR) is 16.17%.

Institutional Investors Weigh In On Oppenheimer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Oppenheimer by 1,758.9% during the third quarter. Barclays PLC now owns 5,967 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 5,646 shares during the last quarter. Citigroup Inc. grew its stake in shares of Oppenheimer by 2,291.1% in the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,031 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Oppenheimer by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 41,564 shares of the financial services provider’s stock valued at $1,592,000 after buying an additional 764 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of Oppenheimer by 11.2% in the third quarter. Brandywine Global Investment Management LLC now owns 33,009 shares of the financial services provider’s stock valued at $1,265,000 after buying an additional 3,321 shares in the last quarter. Finally, Profit Investment Management LLC grew its stake in shares of Oppenheimer by 8.5% in the fourth quarter. Profit Investment Management LLC now owns 75,538 shares of the financial services provider’s stock valued at $3,121,000 after buying an additional 5,910 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

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.