Oppenheimer (NYSE:OPY) Releases Earnings Results

Oppenheimer (NYSE:OPY) announced 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 Performance

Shares of OPY opened at $84.20 on Friday. The company has a market cap of $885.82 million, a price-to-earnings ratio of 11.30 and a beta of 1.17. The stock has a fifty day moving average price of $73.65 and a two-hundred day moving average price of $72.18. Oppenheimer has a 52-week low of $49.26 and a 52-week high of $86.69.

Oppenheimer Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued 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%.

Wall Street Analyst Weigh In

OPY has been the topic of several recent research reports. Wall Street Zen lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald downgraded Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Oppenheimer

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Oppenheimer during the second quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new position in Oppenheimer during the 2nd quarter worth $112,000. Caxton Associates LLP bought a new position in Oppenheimer in the 1st quarter valued at $206,000. Aquatic Capital Management LLC boosted its position in Oppenheimer by 804.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 2,805 shares of the financial services provider’s stock valued at $207,000 after buying an additional 2,495 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Oppenheimer in the 2nd quarter valued at $245,000. 32.26% of the stock is owned by institutional investors.

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.