Oppenheimer (NYSE:OPY) Sets New 12-Month High – Should You Buy?

Oppenheimer Holdings Inc. (NYSE:OPY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $71.32 and last traded at $71.50, with a volume of 2879 shares changing hands. The stock had previously closed at $68.93.

Oppenheimer Stock Down 2.2 %

The business has a 50-day simple moving average of $63.66 and a two-hundred day simple moving average of $56.00. The company has a market capitalization of $730.59 million, a price-to-earnings ratio of 11.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. The firm had revenue of $373.35 million during the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%.

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, November 8th. Oppenheimer’s payout ratio is 11.20%.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds have recently added to or reduced their stakes in OPY. BNP Paribas Financial Markets increased its position in Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 3,115 shares during the period. Quest Partners LLC boosted its stake in shares of Oppenheimer by 140.1% in the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Oppenheimer during the third quarter worth $290,000. Jane Street Group LLC purchased a new position in Oppenheimer in the third quarter worth $319,000. Finally, Bank of Montreal Can acquired a new stake in Oppenheimer in the second quarter valued at $367,000. 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.