Oppenheimer (NYSE:OPY) Sees Large Volume Increase - Should You Buy?

Shares of Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 22,598 shares changed hands during trading, a decline of 34% from the previous session's volume of 34,062 shares.The stock last traded at $57.76 and had previously closed at $55.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd.

Oppenheimer Stock Up 1.8 %

The stock has a market capitalization of $596.35 million, a P/E ratio of 8.89 and a beta of 1.10. The stock has a 50 day moving average price of $59.86 and a 200-day moving average price of $60.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, February 14th. Oppenheimer's payout ratio is 11.30%.

Institutional Investors Weigh In On Oppenheimer

Several institutional investors have recently added to or reduced their stakes in OPY. Royce & Associates LP bought a new position in shares of Oppenheimer during the fourth quarter valued at about $2,403,000. Arbiter Partners Capital Management LLC raised its position in Oppenheimer by 117.0% during the 4th quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider's stock valued at $3,184,000 after purchasing an additional 26,783 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Oppenheimer in the 4th quarter worth approximately $1,717,000. American Century Companies Inc. grew its position in shares of Oppenheimer by 16.0% in the 4th quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider's stock worth $12,431,000 after buying an additional 26,686 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Oppenheimer by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock valued at $24,724,000 after buying an additional 20,937 shares during the period. 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.