Oppenheimer (NYSE:OPY) Shares Pass Above 200 Day Moving Average - What's Next?

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.69 and traded as high as $63.60. Oppenheimer shares last traded at $63.40, with a volume of 31,807 shares trading hands.

Oppenheimer Trading Down 0.2%

The firm has a market capitalization of $655.92 million, a P/E ratio of 9.78 and a beta of 1.22. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $60.62 and a 200-day moving average of $62.72.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. The firm had revenue of $367.83 million for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, May 9th. Oppenheimer's dividend payout ratio is presently 10.71%.

Insider Buying and Selling

In other news, Director Paul M. Friedman sold 3,500 shares of the company's 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 now directly owns 20,500 shares in the company, valued at approximately $1,298,060. This represents a 14.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 34.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners raised its holdings in Oppenheimer by 457.7% during the 1st quarter. Boston Partners now owns 71,568 shares of the financial services provider's stock worth $4,268,000 after purchasing an additional 58,735 shares during the last quarter. Royce & Associates LP raised its position in shares of Oppenheimer by 114.8% in the 1st quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider's stock worth $4,803,000 after acquiring an additional 43,050 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Oppenheimer by 864.7% in the 1st quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 37,284 shares during the period. American Century Companies Inc. boosted its position in shares of Oppenheimer by 17.2% during the 1st 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 in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in Oppenheimer during the fourth quarter worth approximately $1,717,000. 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.