Oppenheimer (NYSE:OPY) Reaches New 12-Month High – Time to Buy?

Oppenheimer Holdings Inc. (NYSE:OPY)’s stock price hit a new 52-week high during trading on Tuesday . The company 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 Price Performance

The company has a market capitalization of $741.13 million, a PE ratio of 11.09 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $63.20 and a 200-day simple moving average of $55.74.

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

Oppenheimer Announces Dividend

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

Institutional Trading of Oppenheimer

Several institutional investors and hedge funds have recently bought and sold shares of OPY. American Century Companies Inc. increased its stake in Oppenheimer by 35.3% in the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock valued at $5,962,000 after purchasing an additional 32,444 shares during the period. TCW Group Inc. grew its holdings in shares of Oppenheimer by 53.2% during the third quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 26,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in Oppenheimer by 403.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock valued at $878,000 after acquiring an additional 13,747 shares during the period. PDT Partners LLC acquired a new stake in Oppenheimer during the 3rd quarter worth approximately $464,000. Finally, Marshall Wace LLP grew its stake in shares of Oppenheimer by 141.1% in the 2nd quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 8,623 shares during the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

About Oppenheimer

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.