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

Oppenheimer Holdings, Inc. (NYSE:OPY) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $108.17 and traded as high as $116.75. Oppenheimer shares last traded at $114.06, with a volume of 93,059 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Oppenheimer from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Oppenheimer Price Performance

The business’s fifty day simple moving average is $117.63 and its two-hundred day simple moving average is $108.17. The company has a market cap of $1.22 billion, a PE ratio of 12.87 and a beta of 1.10.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, July 31st. The financial services provider reported $3.98 earnings per share for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The business had revenue of $454.88 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. Oppenheimer’s dividend payout ratio is presently 9.03%.

Institutional Trading of Oppenheimer

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Oppenheimer by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 497,033 shares of the financial services provider’s stock worth $44,329,000 after buying an additional 7,384 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Oppenheimer by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 5,971 shares in the last quarter. Empowered Funds LLC grew its stake in Oppenheimer by 48.6% in the 1st quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock valued at $4,109,000 after acquiring an additional 15,073 shares during the period. Renaissance Technologies LLC grew its stake in Oppenheimer by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 400 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Oppenheimer by 9.9% in the 1st quarter. Bank of New York Mellon Corp now owns 18,886 shares of the financial services provider’s stock valued at $1,684,000 after acquiring an additional 1,701 shares during the period. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Company Profile

Oppenheimer Holdings Inc (NYSE: OPY) is a financial services holding company that operates primarily through Oppenheimer & Co Inc The company provides wealth management, investment banking, capital markets, institutional sales and trading, equity and fixed-income research, and asset management services.

Its wealth management business serves individuals, families, businesses, trusts, and institutions with brokerage, financial planning, portfolio management, and related advisory services.