Oppenheimer (NYSE:OPY) Shares Cross Above 200 Day Moving Average of $38.64

Oppenheimer Holdings Inc. (NYSE:OPY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.64 and traded as high as $39.80. Oppenheimer shares last traded at $39.25, with a volume of 26,382 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 29th.

Oppenheimer Stock Up 1.4 %

The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $38.84 and its 200-day moving average is $38.65. The company has a market cap of $408.55 million, a price-to-earnings ratio of 15.26 and a beta of 1.15.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, January 26th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 2.42% and a return on equity of 4.46%. The company had revenue of $308.29 million for the quarter.

Oppenheimer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 annualized dividend and a yield of 1.54%. Oppenheimer’s payout ratio is 23.44%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OPY. Point72 Hong Kong Ltd acquired a new position in Oppenheimer during the first quarter worth $34,000. Lazard Asset Management LLC purchased a new stake in shares of Oppenheimer in the second quarter valued at about $37,000. Point72 Middle East FZE purchased a new stake in shares of Oppenheimer in the second quarter valued at about $38,000. Point72 Asset Management L.P. purchased a new stake in shares of Oppenheimer in the second quarter valued at about $39,000. Finally, Citigroup Inc. raised its holdings in shares of Oppenheimer by 2,291.1% in the third 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 last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Company Profile

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers 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.