Oppenheimer (NYSE:OPY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $71.19 and traded as high as $74.83. Oppenheimer shares last traded at $74.4050, with a volume of 47,534 shares.

Analyst Upgrades and Downgrades

OPY has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Oppenheimer in a report on Wednesday, October 8th. Wall Street Zen cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Cantor Fitzgerald lowered Oppenheimer to a “buy” rating in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Oppenheimer Stock Performance

The company has a 50-day simple moving average of $70.78 and a two-hundred day simple moving average of $71.19. The firm has a market capitalization of $782.74 million, a P/E ratio of 9.99 and a beta of 1.17.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.The company had revenue of $401.94 million during the quarter.

Oppenheimer Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 26th. Oppenheimer’s dividend payout ratio (DPR) is currently 9.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OPY. Dimensional Fund Advisors LP boosted its stake in Oppenheimer by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 493,218 shares of the financial services provider’s stock worth $36,456,000 after acquiring an additional 2,911 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Oppenheimer by 2.5% during the third quarter. Vanguard Group Inc. now owns 426,033 shares of the financial services provider’s stock valued at $31,488,000 after purchasing an additional 10,345 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Oppenheimer by 17.3% during the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock valued at $22,115,000 after purchasing an additional 44,145 shares during the last quarter. Royce & Associates LP boosted its position in shares of Oppenheimer by 18.0% in the 3rd quarter. Royce & Associates LP now owns 112,404 shares of the financial services provider’s stock worth $8,308,000 after purchasing an additional 17,122 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Oppenheimer by 11.7% in the 3rd quarter. Boston Partners now owns 78,941 shares of the financial services provider’s stock worth $5,835,000 after purchasing an additional 8,250 shares in the last quarter. 32.26% of the stock is currently owned by institutional investors.

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.