Oppenheimer (NYSE:OPY) Announces Earnings Results

Oppenheimer (NYSE:OPY) issued its quarterly earnings data on Friday. The financial services provider reported $1.81 earnings per share for the quarter, FiscalAI reports. Oppenheimer had a return on equity of 19.51% and a net margin of 5.72%. The firm had revenue of $382.00 million during the quarter.

Oppenheimer Stock Performance

Shares of OPY stock opened at $85.96 on Friday. Oppenheimer has a one year low of $63.81 and a one year high of $125.88. The company’s 50-day simple moving average is $113.84 and its 200-day simple moving average is $102.29. The stock has a market capitalization of $920.63 million, a price-to-earnings ratio of 11.57 and a beta of 1.10.

Wall Street Analysts Forecast Growth

OPY has been the topic of a number of recent analyst reports. Weiss Ratings raised Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Oppenheimer from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Oppenheimer has a consensus rating of “Buy”.

Institutional Trading of Oppenheimer

Several hedge funds and other institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Oppenheimer during the third quarter valued at approximately $755,000. Signaturefd LLC lifted its holdings in Oppenheimer by 103.0% during the 3rd quarter. Signaturefd LLC now owns 603 shares of the financial services provider’s stock worth $71,000 after buying an additional 306 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Oppenheimer by 138.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,076 shares of the financial services provider’s stock worth $127,000 after buying an additional 625 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Oppenheimer in the 2nd quarter worth approximately $207,000. Finally, Engineers Gate Manager LP grew its position in shares of Oppenheimer by 208.5% in the 2nd quarter. Engineers Gate Manager LP now owns 10,026 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 6,776 shares in the last quarter. 32.26% of the stock is owned by institutional investors.

Oppenheimer Company Profile

Oppenheimer Holdings Inc is a diversified financial services company that operates primarily through its subsidiaries, including Oppenheimer & Co Inc and Oppenheimer Asset Management Inc The company provides investment banking, securities brokerage, wealth management and asset management services to individual investors, businesses, institutional clients and government entities.

Its investment banking activities include public and private securities offerings, mergers and acquisitions advisory services, financial restructuring and municipal finance.