Oppenheimer (NYSE:OPY) Sets New 52-Week High Following Dividend Announcement

Oppenheimer Holdings Inc. (NYSE:OPYGet Free Report) shares hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $58.72 and last traded at $58.61, with a volume of 41239 shares trading hands. The stock had previously closed at $54.05.

The newly announced dividend which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.18 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.25%. Oppenheimer’s payout ratio is 13.14%.

Oppenheimer Trading Up 6.8 %

The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $50.40 and a 200 day moving average price of $47.85. The stock has a market capitalization of $596.45 million, a PE ratio of 10.54 and a beta of 1.15.

Oppenheimer (NYSE:OPYGet Free Report) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%. The business had revenue of $373.35 million during the quarter.

Insider Activity

In related news, insider Dennis P. Mcnamara sold 6,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total transaction of $307,680.00. Following the transaction, the insider now directly owns 20,681 shares in the company, valued at approximately $1,060,521.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Oppenheimer by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 297 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Oppenheimer during the 2nd quarter valued at approximately $56,000. Empowered Funds LLC increased its stake in shares of Oppenheimer by 8.1% during the 1st quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 2,800 shares during the last quarter. EJF Capital LLC increased its stake in shares of Oppenheimer by 12.4% during the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $1,597,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC raised its holdings in shares of Oppenheimer by 55.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 7,094 shares during the period. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Company Profile

(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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