Oppenheimer (NYSE:OPY) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Oppenheimer Holdings, Inc. (NYSE:OPY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $95.68 and traded as high as $112.76. Oppenheimer shares last traded at $110.30, with a volume of 116,162 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OPY shares. Wall Street Zen cut Oppenheimer from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised Oppenheimer from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Oppenheimer presently has a consensus rating of “Buy”.

Oppenheimer Trading Down 1.4%

The company has a market cap of $1.18 billion, a PE ratio of 13.14 and a beta of 1.07. The firm’s fifty day moving average is $105.33 and its 200 day moving average is $95.96.

Oppenheimer (NYSE:OPY) last issued 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 firm had revenue of $445.10 million for the quarter.

Oppenheimer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Oppenheimer’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, May 15th. Oppenheimer’s dividend payout ratio (DPR) is 9.54%.

Institutional Trading of Oppenheimer

A number of institutional investors have recently made changes to their positions in OPY. Empowered Funds LLC increased its position in shares of Oppenheimer by 48.6% during the first quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock worth $4,109,000 after purchasing an additional 15,073 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Oppenheimer during the 1st quarter worth $1,590,000. Renaissance Technologies LLC boosted its stake in Oppenheimer by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Oppenheimer by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 5,971 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Oppenheimer by 57.9% during the first quarter. Sei Investments Co. now owns 12,532 shares of the financial services provider’s stock worth $1,118,000 after buying an additional 4,593 shares in the last quarter. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Company Profile

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.