Oppenheimer (NYSE:OPY) Issues Quarterly Earnings Results

Oppenheimer (NYSE:OPY) issued its earnings results on Friday. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, reports. The company had revenue of $353.14 million for the quarter. Oppenheimer had a net margin of 3.25% and a return on equity of 5.93%.

Oppenheimer Price Performance

Shares of NYSE OPY opened at $40.80 on Monday. The stock has a market capitalization of $426.77 million, a price-to-earnings ratio of 11.00 and a beta of 1.15. Oppenheimer has a 12 month low of $32.82 and a 12 month high of $42.41. The firm’s 50 day simple moving average is $38.69 and its 200-day simple moving average is $38.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 0.87.

Oppenheimer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Oppenheimer’s payout ratio is 16.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 29th.

Institutional Investors Weigh In On Oppenheimer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in shares of Oppenheimer by 2,291.1% during the 3rd quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,031 shares during the period. Beverly Hills Private Wealth LLC purchased a new stake in Oppenheimer in the 4th quarter valued at about $206,000. Barclays PLC raised its holdings in Oppenheimer by 1,758.9% in the 3rd quarter. Barclays PLC now owns 5,967 shares of the financial services provider’s stock valued at $228,000 after buying an additional 5,646 shares during the period. Watershed Asset Management L.L.C. purchased a new stake in Oppenheimer in the 4th quarter valued at about $277,000. Finally, Caxton Associates LP raised its holdings in Oppenheimer by 30.4% in the 3rd quarter. Caxton Associates LP now owns 9,018 shares of the financial services provider’s stock valued at $345,000 after buying an additional 2,104 shares during the period. Institutional investors and hedge funds 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.