Oppenheimer (NYSE:OPY) Shares Up 6% – Here’s Why

Oppenheimer Holdings Inc. (NYSE:OPY)’s share price shot up 6% during trading on Tuesday . The company traded as high as $70.25 and last traded at $69.65. 15,957 shares were traded during trading, a decline of 57% from the average session volume of 36,702 shares. The stock had previously closed at $65.69.

Oppenheimer Trading Down 3.0 %

The stock has a market cap of $674.70 million, a PE ratio of 10.00 and a beta of 1.14. The business has a 50-day moving average of $55.35 and a 200 day moving average of $51.47. 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 announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The business 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, November 8th. Oppenheimer’s dividend payout ratio is currently 11.20%.

Institutional Investors Weigh In On Oppenheimer

Hedge funds and other institutional investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in shares of Oppenheimer in the second quarter valued at $56,000. BNP Paribas Financial Markets grew its position in Oppenheimer by 3,146.5% during the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 3,115 shares during the period. Quest Partners LLC grew its position in Oppenheimer by 140.1% during the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 2,375 shares during the period. Quadrature Capital Ltd purchased a new stake in Oppenheimer during the third quarter valued at about $290,000. Finally, Jane Street Group LLC purchased a new stake in Oppenheimer during the third quarter valued at about $319,000. Hedge funds and other institutional investors 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.