Oppenheimer (NYSE:OPY) Issues Quarterly Earnings Results

Oppenheimer (NYSE:OPY) posted its quarterly earnings data on Friday. The financial services provider reported $6.51 earnings per share for the quarter, Zacks reports. Oppenheimer had a return on equity of 9.58% and a net margin of 5.50%.

Oppenheimer Stock Up 8.2%

Shares of NYSE:OPY traded up $6.23 during midday trading on Friday, reaching $82.44. The company had a trading volume of 59,711 shares, compared to its average volume of 36,509. The business’s 50 day moving average price is $73.29 and its 200 day moving average price is $72.06. The stock has a market cap of $867.27 million, a PE ratio of 11.07 and a beta of 1.17. Oppenheimer has a 1-year low of $49.26 and a 1-year high of $86.69.

Oppenheimer Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Oppenheimer

Large investors have recently added to or reduced their stakes in the business. Man Group plc increased its stake in shares of Oppenheimer by 29.9% during the third quarter. Man Group plc now owns 14,589 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 3,356 shares during the period. Russell Investments Group Ltd. acquired a new position in Oppenheimer in the third quarter valued at about $1,129,000. First Trust Advisors LP raised its position in shares of Oppenheimer by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 19,521 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 1,111 shares in the last quarter. Norges Bank bought a new stake in Oppenheimer during the second quarter worth $1,585,000. Finally, Qube Research & Technologies Ltd boosted its stake in Oppenheimer by 95.3% in the third quarter. Qube Research & Technologies Ltd now owns 21,701 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 10,591 shares in the last quarter. Institutional investors own 32.26% of the company’s stock.

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.