Oppenheimer (NYSE:OPY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

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 $49.36 and traded as high as $62.27. Oppenheimer shares last traded at $61.51, with a volume of 25,552 shares.

Oppenheimer Stock Performance

The company has a market cap of $613.50 million, a P/E ratio of 9.24 and a beta of 1.14. The business’s 50 day simple moving average is $52.21 and its 200 day simple moving average is $49.56. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY) last posted 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 for the quarter.

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.21%. Oppenheimer’s payout ratio is 11.20%.

Institutional Trading of Oppenheimer

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Oppenheimer by 4.6% in the first quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock worth $11,373,000 after buying an additional 12,525 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Oppenheimer by 35.3% in the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock valued at $5,962,000 after purchasing an additional 32,444 shares in the last quarter. TCW Group Inc. bought a new position in Oppenheimer during the second quarter valued at $2,396,000. EJF Capital LLC grew its stake in shares of Oppenheimer by 12.4% in the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $1,597,000 after buying an additional 4,400 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Oppenheimer by 8.1% during the 1st quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock valued at $1,485,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors 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.