Oppenheimer (NYSE:OPY) Hits New 1-Year High – Should You Buy?

Oppenheimer Holdings Inc. (NYSE:OPY) reached a new 52-week high during trading on Monday . The stock traded as high as $65.59 and last traded at $64.95, with a volume of 55592 shares changing hands. The stock had previously closed at $61.71.

Oppenheimer Price Performance

The business has a 50-day moving average price of $54.69 and a two-hundred day moving average price of $51.17. 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 company has a market capitalization of $678.64 million, a price-to-earnings ratio of 9.71 and a beta of 1.14.

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

Oppenheimer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 dividend yield of 1.10%. The ex-dividend date was Friday, November 8th. Oppenheimer’s payout ratio is currently 11.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OPY. Vanguard Group Inc. grew its holdings in Oppenheimer by 4.6% during the first quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock valued at $11,373,000 after purchasing an additional 12,525 shares during the period. TCW Group Inc. purchased a new position in shares of Oppenheimer in the second quarter worth about $2,396,000. Bank of New York Mellon Corp lifted its holdings in 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 in the last quarter. Innealta Capital LLC purchased a new position in Oppenheimer during the 2nd quarter valued at about $56,000. Finally, Victory Capital Management Inc. purchased a new stake in Oppenheimer in the 2nd quarter worth approximately $1,197,000. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Company Profile

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.