Oppenheimer (NYSE:OPY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.43 and traded as high as $74.64. Oppenheimer shares last traded at $73.3660, with a volume of 31,128 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OPY shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Oppenheimer Trading Down 1.1%

The company has a market capitalization of $771.81 million, a P/E ratio of 9.85 and a beta of 1.19. The company’s 50 day moving average is $69.65 and its 200-day moving average is $70.43.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter. Oppenheimer had a net margin of 5.50% and a return on equity of 9.58%. The business had revenue of $401.94 million for the quarter.

Oppenheimer Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 26th. Oppenheimer’s dividend payout ratio (DPR) is 9.66%.

Institutional Investors Weigh In On Oppenheimer

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Oppenheimer during the third quarter valued at $31,000. Tower Research Capital LLC TRC bought a new position in Oppenheimer in the 2nd quarter worth about $49,000. Quantbot Technologies LP bought a new position in Oppenheimer in the 2nd quarter worth about $112,000. SG Americas Securities LLC purchased a new stake in Oppenheimer during the 3rd quarter valued at about $185,000. Finally, Caxton Associates LLP bought a new stake in Oppenheimer during the 1st quarter valued at about $206,000. 32.26% of the stock is owned by institutional investors.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.