Oppenheimer (NYSE:OPY) Stock Price Down 4.3% – Should You Sell?

Oppenheimer Holdings Inc. (NYSE:OPY) shares fell 4.3% on Wednesday . The company traded as low as $64.22 and last traded at $64.47. 18,807 shares changed hands during trading, a decline of 49% from the average session volume of 36,959 shares. The stock had previously closed at $67.36.

Oppenheimer Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The company has a market cap of $675.07 million, a P/E ratio of 10.00 and a beta of 1.14. The firm’s fifty day moving average is $55.35 and its two-hundred day moving average is $51.47.

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

Oppenheimer Dividend Announcement

The business also recently announced 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 of this dividend was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.10%. Oppenheimer’s payout ratio is 11.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OPY. Bank of New York Mellon Corp grew its holdings in Oppenheimer by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 297 shares in the last quarter. Innealta Capital LLC purchased a new stake in Oppenheimer during the second quarter valued at approximately $56,000. Quest Partners LLC raised its position in Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 2,375 shares during the period. FMR LLC boosted its position in shares of Oppenheimer by 26.3% during the third quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock valued at $618,000 after buying an additional 2,512 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Oppenheimer by 3,146.5% in the third quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after buying an additional 3,115 shares during the period. Hedge funds and other institutional investors own 32.26% of the company’s stock.

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.