Oppenheimer (NYSE:OPY) Sees Strong Trading Volume – Should You Buy?

Oppenheimer Holdings, Inc. (NYSE:OPY) shares saw an uptick in trading volume on Monday . 36,236 shares changed hands during trading, a decline of 52% from the previous session’s volume of 75,521 shares.The stock last traded at $108.8320 and had previously closed at $109.13.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OPY. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Oppenheimer from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Oppenheimer Price Performance

The company’s fifty day moving average price is $103.11 and its 200 day moving average price is $94.12. The company has a market cap of $1.17 billion, a PE ratio of 13.07 and a beta of 1.07.

Oppenheimer (NYSE:OPY) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $4.21 earnings per share for the quarter. Oppenheimer had a net margin of 5.66% and a return on equity of 17.49%. The business had revenue of $445.10 million for the quarter.

Oppenheimer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Oppenheimer’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, May 15th. Oppenheimer’s dividend payout ratio is 9.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Oppenheimer by 54.9% in the third quarter. JPMorgan Chase & Co. now owns 69,438 shares of the financial services provider’s stock valued at $5,132,000 after purchasing an additional 24,596 shares during the last quarter. Round Rock Advisors LLC raised its stake in shares of Oppenheimer by 62.9% in the fourth quarter. Round Rock Advisors LLC now owns 14,539 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 5,615 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Oppenheimer in the fourth quarter valued at $89,000. Lazard Asset Management LLC purchased a new position in shares of Oppenheimer during the 1st quarter valued at $1,590,000. Finally, Renaissance Technologies LLC lifted its position in shares of Oppenheimer by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 400 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.