Oppenheimer (NYSE:OPY) Sees Strong Trading Volume – Here’s What Happened

Oppenheimer Holdings Inc. (NYSE:OPY) shares saw an uptick in trading volume on Wednesday . 12,083 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 16,328 shares.The stock last traded at $64.00 and had previously closed at $63.60.

Oppenheimer Stock Up 0.2 %

The firm has a 50 day moving average of $62.16 and a two-hundred day moving average of $54.64. The stock has a market capitalization of $658.02 million, a PE ratio of 9.91 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.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share 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 during the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, November 8th. Oppenheimer’s payout ratio is currently 11.20%.

Institutional Trading of Oppenheimer

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of 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 worth $1,305,000 after purchasing an additional 297 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Oppenheimer in the second quarter valued at $1,197,000. Acadian Asset Management LLC boosted its stake in shares of Oppenheimer by 74.8% during the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after acquiring an additional 10,433 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Oppenheimer by 35.3% during 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 acquiring an additional 32,444 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC increased its position in Oppenheimer by 55.6% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 7,094 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors and hedge funds.

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.