Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.66 and traded as high as $64.15. Oppenheimer shares last traded at $62.70, with a volume of 179,360 shares traded.
Oppenheimer Stock Up 0.1%
The stock has a market capitalization of $659.60 million, a price-to-earnings ratio of 9.33 and a beta of 1.22. The company's 50-day simple moving average is $61.52 and its 200 day simple moving average is $62.66.
Oppenheimer (NYSE:OPY - Get Free Report) last posted its earnings results on Friday, April 25th. The financial services provider reported $2.72 EPS for the quarter. Oppenheimer had a net margin of 5.26% and a return on equity of 9.03%. The firm had revenue of $367.83 million for the quarter.
Oppenheimer Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's dividend payout ratio (DPR) is 10.71%.
Insider Buying and Selling at Oppenheimer
In related news, Director Paul M. Friedman sold 3,500 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $63.32, for a total value of $221,620.00. Following the completion of the sale, the director now owns 20,500 shares in the company, valued at approximately $1,298,060. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 34.25% of the company's stock.
Institutional Investors Weigh In On Oppenheimer
Several hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in shares of Oppenheimer by 5.3% in the first quarter. Empowered Funds LLC now owns 36,347 shares of the financial services provider's stock valued at $2,167,000 after buying an additional 1,836 shares during the period. Caxton Associates LLP bought a new stake in Oppenheimer in the 1st quarter valued at $206,000. Goldman Sachs Group Inc. increased its holdings in Oppenheimer by 39.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider's stock valued at $486,000 after buying an additional 2,296 shares during the period. Bridgeway Capital Management LLC increased its holdings in Oppenheimer by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 75,840 shares of the financial services provider's stock valued at $4,522,000 after buying an additional 1,836 shares during the period. Finally, State of Wyoming increased its holdings in Oppenheimer by 16.0% in the 1st quarter. State of Wyoming now owns 5,109 shares of the financial services provider's stock valued at $305,000 after buying an additional 706 shares during the period. 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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