Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $74.34 and last traded at $73.74, with a volume of 18502 shares traded. The stock had previously closed at $72.84.
Oppenheimer Price Performance
The stock's 50-day moving average is $66.70 and its two-hundred day moving average is $63.75. The stock has a market cap of $784.48 million, a P/E ratio of 11.11 and a beta of 1.20.
Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share for the quarter. Oppenheimer had a net margin of 5.26% and a return on equity of 9.03%.
Oppenheimer Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. Oppenheimer's dividend payout ratio (DPR) is currently 10.71%.
Insider Buying and Selling
In other Oppenheimer news, Director Paul M. Friedman sold 3,500 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $63.32, for a total transaction of $221,620.00. Following the completion of the transaction, the director owned 20,500 shares in the company, valued at $1,298,060. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.25% of the stock is owned by company insiders.
Hedge Funds Weigh In On Oppenheimer
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Oppenheimer by 1.5% during the first quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider's stock valued at $23,341,000 after purchasing an additional 5,666 shares during the last quarter. American Century Companies Inc. lifted its position in Oppenheimer by 17.2% during the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider's stock valued at $13,559,000 after purchasing an additional 33,433 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Oppenheimer by 3.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider's stock valued at $5,804,000 after purchasing an additional 3,119 shares during the last quarter. Royce & Associates LP lifted its position in Oppenheimer by 114.8% during the first quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider's stock valued at $4,803,000 after purchasing an additional 43,050 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Oppenheimer by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 75,840 shares of the financial services provider's stock worth $4,522,000 after acquiring an additional 1,836 shares during the last quarter. Institutional investors own 32.26% of the company's stock.
About Oppenheimer
(
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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