Oppenheimer (NYSE:OPY) Sets New 1-Year High – Still a Buy?

Oppenheimer Holdings Inc. (NYSE:OPY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.07 and last traded at $71.81, with a volume of 2828 shares changing hands. The stock had previously closed at $71.34.

Oppenheimer Price Performance

The stock has a 50 day moving average of $64.59 and a 200-day moving average of $56.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The company has a market cap of $746.29 million, a PE ratio of 11.24 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OPY. TCW Group Inc. increased its holdings in Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 26,600 shares during the period. Profit Investment Management LLC lifted its position in Oppenheimer by 5.2% during the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock valued at $3,166,000 after purchasing an additional 2,445 shares during the period. Empowered Funds LLC raised its stake in shares of Oppenheimer by 4.9% during the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 1,620 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Oppenheimer by 403.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock valued at $878,000 after buying an additional 13,747 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Oppenheimer by 141.1% in the second quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock worth $706,000 after buying an additional 8,623 shares during the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

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.