Oppenheimer (NYSE:OPY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Oppenheimer Holdings, Inc. (NYSE:OPY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $73.84 and traded as high as $90.40. Oppenheimer shares last traded at $88.61, with a volume of 43,010 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OPY shares. Wall Street Zen lowered Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Oppenheimer Trading Up 1.1%

The stock’s 50 day moving average price is $79.52 and its 200 day moving average price is $73.84. The firm has a market cap of $932.18 million, a PE ratio of 6.80 and a beta of 1.20.

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

Oppenheimer Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State of Tennessee Department of Treasury bought a new stake in Oppenheimer in the fourth quarter worth approximately $147,000. Empowered Funds LLC increased its holdings in shares of Oppenheimer by 60.9% during the 4th quarter. Empowered Funds LLC now owns 30,993 shares of the financial services provider’s stock worth $2,240,000 after purchasing an additional 11,735 shares during the period. XTX Topco Ltd bought a new stake in shares of Oppenheimer in the 4th quarter worth approximately $447,000. Millennium Management LLC boosted its stake in Oppenheimer by 56.6% during the fourth quarter. Millennium Management LLC now owns 114,737 shares of the financial services provider’s stock worth $8,294,000 after buying an additional 41,485 shares in the last quarter. Finally, Man Group plc increased its stake in Oppenheimer by 31.5% in the fourth quarter. Man Group plc now owns 19,183 shares of the financial services provider’s stock valued at $1,387,000 after acquiring an additional 4,594 shares during the period. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Company Profile

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.