Oppenheimer (NYSE:OPY) Stock Rating Lowered by StockNews.com

Oppenheimer (NYSE:OPY) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Oppenheimer Stock Performance

Oppenheimer stock opened at $66.91 on Monday. The stock has a fifty day moving average price of $65.50 and a 200 day moving average price of $57.24. Oppenheimer has a 52 week low of $36.93 and a 52 week high of $73.12. The firm has a market capitalization of $691.16 million, a P/E ratio of 10.50 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

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

Institutional Trading of Oppenheimer

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in Oppenheimer by 4.9% during the fourth quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock worth $2,212,000 after buying an additional 1,620 shares during the period. Quest Partners LLC raised its stake in shares of Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 2,375 shares during the period. Profit Investment Management LLC lifted its holdings in shares of Oppenheimer by 5.2% during the 4th quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock valued at $3,166,000 after acquiring an additional 2,445 shares in the last quarter. FMR LLC boosted its position in Oppenheimer by 26.3% during the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 2,512 shares during the period. Finally, TCW Group Inc. increased its holdings in Oppenheimer by 3.5% in the 4th quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock valued at $5,082,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

About Oppenheimer

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.