Oppenheimer (NYSE:OPY) Reaches New 1-Year High at $50.14

Oppenheimer Holdings Inc. (NYSE:OPY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.14 and last traded at $50.14, with a volume of 3596 shares trading hands. The stock had previously closed at $49.39.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Oppenheimer from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th.

Oppenheimer Stock Up 1.4 %

The firm has a market cap of $515.05 million, a price-to-earnings ratio of 13.25 and a beta of 1.16. The firm’s fifty day moving average is $45.59 and its two-hundred day moving average is $41.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.77.

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

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.20%. Oppenheimer’s payout ratio is presently 16.17%.

Insiders Place Their Bets

In other Oppenheimer news, Director Evan Behrens sold 4,125 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $43.65, for a total transaction of $180,056.25. Following the sale, the director now owns 4,875 shares in the company, valued at approximately $212,793.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 34.35% of the company’s stock.

Hedge Funds Weigh In On Oppenheimer

A number of large investors have recently made changes to their positions in the business. EJF Capital LLC increased its holdings in shares of Oppenheimer by 12.4% in the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock valued at $1,597,000 after purchasing an additional 4,400 shares during the period. Vanguard Group Inc. grew its stake in shares of Oppenheimer by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock valued at $11,373,000 after buying an additional 12,525 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Oppenheimer by 8.1% in the 1st quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock valued at $1,485,000 after buying an additional 2,800 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Oppenheimer in the 1st quarter valued at approximately $1,293,000. Finally, Quadrature Capital Ltd grew its stake in shares of Oppenheimer by 31.3% in the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after buying an additional 3,308 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

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.