Oppenheimer (NYSE:OPY) Hits New 52-Week High – Here’s Why

Oppenheimer Holdings Inc. (NYSE:OPY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.32 and last traded at $71.50, with a volume of 2879 shares changing hands. The stock had previously closed at $68.93.

Oppenheimer Stock Up 4.1 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market capitalization of $741.13 million, a price-to-earnings ratio of 11.09 and a beta of 1.14. The firm’s 50-day moving average price is $63.20 and its 200 day moving average price is $55.74.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%. The business had revenue of $373.35 million for the quarter.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 8th. Oppenheimer’s dividend payout ratio is presently 11.20%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of 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 valued at $164,000 after acquiring an additional 3,115 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Oppenheimer by 140.1% during the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares during the period. Quadrature Capital Ltd acquired a new position in Oppenheimer during the 3rd quarter worth approximately $290,000. Jane Street Group LLC purchased a new position in Oppenheimer in the 3rd quarter worth approximately $319,000. Finally, Bank of Montreal Can acquired a new stake in Oppenheimer in the second quarter valued at approximately $367,000. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

Oppenheimer Company Profile

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.