Oppenheimer (NYSE:OPY) Reaches New 12-Month High – What’s Next?

Shares of Oppenheimer Holdings Inc. (NYSE:OPY) reached a new 52-week high on Wednesday . The company traded as high as $73.07 and last traded at $71.81, with a volume of 2828 shares changing hands. The stock had previously closed at $71.34.

Oppenheimer Price Performance

The business has a 50-day moving average of $65.05 and a 200 day moving average of $56.86. The firm has a market capitalization of $711.81 million, a PE ratio of 10.72 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a return on equity of 9.50% and a net margin of 5.27%.

Institutional Investors Weigh In On Oppenheimer

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of Oppenheimer by 4.9% during the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 1,620 shares during the period. Quest Partners LLC lifted its position in Oppenheimer by 140.1% during the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 2,375 shares during the last quarter. Profit Investment Management LLC lifted its stake in Oppenheimer by 5.2% during the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 2,445 shares during the last quarter. FMR LLC increased its position in shares of Oppenheimer by 26.3% during the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 2,512 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after buying an additional 3,115 shares in the last quarter. 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.