Oppenheimer (NYSE:OPY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to 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 $59.58 and traded as high as $59.99. Oppenheimer shares last traded at $59.99, with a volume of 20,341 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd.

Oppenheimer Stock Up 2.4 %

The business’s 50 day moving average price is $65.61 and its 200-day moving average price is $59.64. The firm has a market capitalization of $631.38 million, a PE ratio of 9.42 and a beta of 1.12. 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 released its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, February 14th. Oppenheimer’s payout ratio is currently 11.30%.

Institutional Investors Weigh In On Oppenheimer

Large investors have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd purchased a new stake in Oppenheimer during the 4th quarter worth approximately $77,000. Tower Research Capital LLC TRC purchased a new stake in Oppenheimer during the 4th quarter worth approximately $87,000. Jump Financial LLC purchased a new stake in Oppenheimer during the 4th quarter worth approximately $205,000. BNP Paribas Financial Markets increased its stake 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 buying an additional 3,115 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Oppenheimer during the 4th quarter worth approximately $222,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

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.