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

Oppenheimer Holdings Inc. (NYSE:OPY) shares saw an uptick in trading volume on Wednesday . 12,083 shares were traded during 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 Trading Down 1.8 %

The stock has a market cap of $646.51 million, a price-to-earnings ratio of 9.73 and a beta of 1.14. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $62.44 and its 200 day simple moving average is $54.77.

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

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, November 8th. Oppenheimer’s payout ratio is presently 11.20%.

Hedge Funds Weigh In On Oppenheimer

Several large investors have recently modified their holdings of OPY. Bank of New York Mellon Corp raised its position in shares of Oppenheimer by 1.1% in the second 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 purchasing an additional 297 shares during the period. Victory Capital Management Inc. bought a new position in Oppenheimer during the second quarter worth about $1,197,000. Acadian Asset Management LLC increased its position in Oppenheimer by 74.8% during the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock worth $1,167,000 after acquiring an additional 10,433 shares during the period. American Century Companies Inc. increased its position in Oppenheimer by 35.3% during the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock worth $5,962,000 after acquiring an additional 32,444 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its position in Oppenheimer by 55.6% during the second quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock worth $951,000 after acquiring an additional 7,094 shares during the period. 32.26% of the stock is owned by institutional investors.

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.