Oppenheimer (NYSE:OPY) Reaches New 1-Year High – Still a Buy?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $124.38 and last traded at $123.69, with a volume of 86378 shares trading hands. The stock had previously closed at $117.36.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Oppenheimer from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Oppenheimer Stock Down 1.5%

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 13.87 and a beta of 1.10. The stock’s fifty day moving average is $113.95 and its 200-day moving average is $102.47.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The company had revenue of $454.88 million for the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 14th. This represents a $0.80 annualized dividend and a yield of 0.7%. Oppenheimer’s payout ratio is currently 9.03%.

Institutional Investors Weigh In On Oppenheimer

Several large investors have recently modified their holdings of the business. DGS Capital Management LLC lifted its holdings in shares of Oppenheimer by 2.7% during the 1st quarter. DGS Capital Management LLC now owns 3,681 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 97 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in Oppenheimer by 0.4% during the 4th quarter. Boothbay Fund Management LLC now owns 32,219 shares of the financial services provider’s stock worth $2,329,000 after buying an additional 120 shares during the period. Geode Capital Management LLC raised its holdings in Oppenheimer by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after buying an additional 214 shares during the period. Inspire Investing LLC lifted its stake in Oppenheimer by 6.3% in the fourth quarter. Inspire Investing LLC now owns 6,507 shares of the financial services provider’s stock valued at $470,000 after buying an additional 385 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Oppenheimer by 1.8% in the first quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 400 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Company Profile

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.