Oppenheimer (NYSE:OPY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Oppenheimer Holdings Inc. (NYSE:OPY) saw unusually-strong trading volume on Wednesday . Approximately 32,240 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 32,836 shares.The stock last traded at $62.55 and had previously closed at $61.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd.

Oppenheimer Stock Down 0.2 %

The stock has a fifty day moving average of $65.26 and a 200 day moving average of $60.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market capitalization of $652.18 million, a P/E ratio of 9.73 and a beta of 1.12.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is 11.30%.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in Oppenheimer in the fourth quarter worth $77,000. Tower Research Capital LLC TRC bought a new position in Oppenheimer during the fourth quarter worth about $87,000. Jump Financial LLC purchased a new position in shares of Oppenheimer in the fourth quarter worth about $205,000. BNP Paribas Financial Markets grew its stake in Oppenheimer by 3,146.5% in 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. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Oppenheimer in the fourth quarter worth $222,000. 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.