Oppenheimer Holdings Inc. (NYSE:OPY) rose 0.6% during mid-day trading on Friday . The stock traded as high as $26.68 and last traded at $26.49. Approximately 21,728 shares changed hands during trading, a decline of 53% from the average daily volume of 46,265 shares. The stock had previously closed at $26.33.
The stock has a market capitalization of $339.74 million, a PE ratio of 8.47 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36.
Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.26. The business had revenue of $251.77 million during the quarter. Oppenheimer had a net margin of 3.42% and a return on equity of 7.80%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.66%.
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in Oppenheimer by 12.9% during the 4th quarter. Citigroup Inc. now owns 3,599 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 411 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Oppenheimer by 7.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 51,232 shares of the financial services provider’s stock worth $1,618,000 after acquiring an additional 3,594 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Oppenheimer during the 4th quarter worth $754,000. First Trust Advisors LP raised its stake in Oppenheimer by 18.8% during the 4th quarter. First Trust Advisors LP now owns 17,102 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,711 shares in the last quarter. Finally, PEAK6 Investments LLC raised its stake in Oppenheimer by 23.8% during the 4th quarter. PEAK6 Investments LLC now owns 8,168 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 1,568 shares in the last quarter. 47.63% of the stock is owned by institutional investors and hedge funds.
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About Oppenheimer (NYSE:OPY)
Oppenheimer Holdings Inc, through its subsidiaries, provides middle-market investment bank and full service broker-dealer products and services. The company offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services.
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