Oppenheimer (NYSE:OPY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $71.79 and traded as high as $79.37. Oppenheimer shares last traded at $77.12, with a volume of 26,471 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oppenheimer presently has a consensus rating of “Buy”.

Oppenheimer Stock Performance

The company has a fifty day simple moving average of $72.41 and a two-hundred day simple moving average of $71.79. The firm has a market capitalization of $811.30 million, a PE ratio of 10.35 and a beta of 1.17.

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

Oppenheimer Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 26th. Oppenheimer’s dividend payout ratio is presently 9.66%.

Hedge Funds Weigh In On Oppenheimer

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Oppenheimer during the third quarter worth $31,000. Tower Research Capital LLC TRC bought a new position in shares of Oppenheimer in the 2nd quarter worth $49,000. Nisa Investment Advisors LLC bought a new position in shares of Oppenheimer in the 4th quarter worth $89,000. Quantbot Technologies LP purchased a new stake in shares of Oppenheimer during the 2nd quarter worth $112,000. Finally, SG Americas Securities LLC bought a new stake in Oppenheimer during the third quarter valued at about $185,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Company Profile

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.