Oppenheimer (NYSE:OPY) Stock Price Passes Above 200 Day Moving Average of $34.10

Oppenheimer Holdings Inc. (NYSE:OPYGet Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.10 and traded as high as $38.54. Oppenheimer shares last traded at $37.99, with a volume of 27,589 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. StockNews.com initiated coverage on shares of Oppenheimer in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet downgraded shares of Oppenheimer from a “b” rating to a “c+” rating in a research note on Friday, August 19th.

Oppenheimer Trading Down 0.2 %

The stock has a market cap of $416.60 million, a P/E ratio of 7.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.45. The firm’s fifty day simple moving average is $32.55 and its 200-day simple moving average is $34.10.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, November 9th. Oppenheimer’s dividend payout ratio is 11.21%.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds have recently made changes to their positions in OPY. Point72 Hong Kong Ltd purchased a new position in Oppenheimer during the 1st quarter valued at about $34,000. New York State Teachers Retirement System bought a new stake in Oppenheimer in the first quarter valued at approximately $35,000. Wipfli Financial Advisors LLC bought a new stake in Oppenheimer in the third quarter valued at approximately $37,000. Parallel Advisors LLC raised its holdings in shares of Oppenheimer by 2,016.7% during the first quarter. Parallel Advisors LLC now owns 1,016 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 968 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Oppenheimer during the first quarter valued at approximately $49,000. 42.24% of the stock is currently owned by institutional investors.

Oppenheimer Company Profile

(Get Rating)

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter 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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