Oppenheimer (NYSE:OPY) Sets New 52-Week High – Still a Buy?

Oppenheimer Holdings, Inc. (NYSE:OPY) shares reached a new 52-week high on Friday . The company traded as high as $93.17 and last traded at $91.21, with a volume of 10652 shares. The stock had previously closed at $90.53.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald cut shares of Oppenheimer to a “buy” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Oppenheimer Trading Up 1.6%

The stock has a 50-day moving average of $75.36 and a two-hundred day moving average of $72.73. The firm has a market cap of $967.98 million, a price-to-earnings ratio of 7.04 and a beta of 1.20.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. Oppenheimer had a net margin of 9.06% and a return on equity of 16.55%. The company had revenue of $472.63 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Oppenheimer’s dividend payout ratio (DPR) is currently 5.52%.

Institutional Trading of Oppenheimer

A number of hedge funds have recently modified their holdings of OPY. Inspire Investing LLC boosted its position in shares of Oppenheimer by 2.5% in the second quarter. Inspire Investing LLC now owns 5,965 shares of the financial services provider’s stock worth $392,000 after buying an additional 145 shares during the period. Geode Capital Management LLC lifted its stake in Oppenheimer by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after acquiring an additional 214 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Oppenheimer during the 3rd quarter worth about $31,000. Torren Management LLC purchased a new position in Oppenheimer during the 4th quarter valued at about $38,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Oppenheimer in the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 32.26% of the company’s stock.

About Oppenheimer

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.