Oppenheimer (NYSE:OPY) Upgraded at StockNews.com

StockNews.com upgraded shares of Oppenheimer (NYSE:OPY) from a buy rating to a strong-buy rating in a research note released on Monday.

Oppenheimer Price Performance

Shares of OPY opened at $40.53 on Monday. The firm has a market capitalization of $423.82 million, a price-to-earnings ratio of 10.92 and a beta of 1.15. The firm’s fifty day simple moving average is $38.75 and its 200-day simple moving average is $38.82. Oppenheimer has a twelve month low of $32.82 and a twelve month high of $42.41. The company has a current ratio of 1.26, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter. The company had revenue of $353.14 million during the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.48%. Oppenheimer’s dividend payout ratio is currently 16.17%.

Institutional Trading of Oppenheimer

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Oppenheimer by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,564 shares of the financial services provider’s stock worth $1,592,000 after acquiring an additional 764 shares in the last quarter. Citigroup Inc. boosted its position in shares of Oppenheimer by 2,291.1% in the 3rd quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,031 shares during the period. Caxton Associates LP grew its stake in Oppenheimer by 30.4% during the 3rd quarter. Caxton Associates LP now owns 9,018 shares of the financial services provider’s stock worth $345,000 after buying an additional 2,104 shares during the last quarter. Quadrature Capital Ltd increased its position in Oppenheimer by 31.3% during the fourth quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock worth $574,000 after buying an additional 3,308 shares during the period. Finally, Brandywine Global Investment Management LLC lifted 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 buying an additional 3,321 shares during the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Company Profile

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.