StockNews.com upgraded shares of Oppenheimer (NYSE:OPY – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.
Oppenheimer Stock Up 1.2 %
Shares of Oppenheimer stock opened at $41.28 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The firm has a market cap of $431.79 million, a P/E ratio of 11.13 and a beta of 1.15. Oppenheimer has a fifty-two week low of $32.82 and a fifty-two week high of $42.41. The business has a 50-day moving average price of $38.74 and a 200 day moving average price of $38.79.
Oppenheimer (NYSE:OPY – Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.37 earnings per share for the quarter. The firm had revenue of $353.14 million during the quarter. Oppenheimer had a return on equity of 5.93% and a net margin of 3.25%.
Oppenheimer Announces Dividend
Hedge Funds Weigh In On Oppenheimer
A number of hedge funds and other institutional investors have recently bought and sold shares of OPY. Bank of New York Mellon Corp boosted its stake in Oppenheimer by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 41,564 shares of the financial services provider’s stock valued at $1,592,000 after acquiring an additional 764 shares during the period. Jump Financial LLC acquired a new position in Oppenheimer in the third quarter valued at approximately $373,000. Barclays PLC boosted its stake in Oppenheimer by 1,758.9% in the third quarter. Barclays PLC now owns 5,967 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 5,646 shares during the period. Acadian Asset Management LLC boosted its stake in Oppenheimer by 1,225.9% in the third quarter. Acadian Asset Management LLC now owns 48,540 shares of the financial services provider’s stock valued at $1,859,000 after acquiring an additional 44,879 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its stake in Oppenheimer by 11.2% in the third quarter. Brandywine Global Investment Management LLC now owns 33,009 shares of the financial services provider’s stock valued at $1,265,000 after acquiring an additional 3,321 shares during the period. 32.26% of the stock is currently owned by institutional investors and hedge funds.
About Oppenheimer
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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