The stock of Oppenheimer Holdings Inc. (USA) (NYSE:OPY) hit a new 52-week high and has $19.98 target or 8.00% above today’s $18.50 share price. The 7 months bullish chart indicates low risk for the $254.38 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $19.98 price target is reached, the company will be worth $20.35 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 45,592 shares traded hands or 8.00% up from the average. Oppenheimer Holdings Inc. (USA) (NYSE:OPY) has risen 7.82% since April 26, 2016 and is uptrending. It has outperformed by 2.56% the S&P500.
Analysts await Oppenheimer Holdings Inc. (USA) (NYSE:OPY) to report earnings on February, 3.
Oppenheimer Holdings Inc. (USA) (NYSE:OPY) Ratings Coverage
Out of 2 analysts covering Oppenheimer Holdings (NYSE:OPY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Oppenheimer Holdings has been the topic of 3 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, September 14 by Macquarie Research. The rating was maintained by Macquarie Research on Monday, November 2 with “Outperform”. The rating was initiated by Sidoti on Monday, March 21 with “Buy”.
According to Zacks Investment Research, “Oppenheimer Holdings Inc. operates as a middle-market investment bank through its subsidiaries. It provides financial and wealth planning services, margin lending, securities lending, discount brokerage services and asset management services. It also provides strategic advisory services and capital markets product, institutional equity sales and trading, equity research, equity options, derivatives, convertible bonds, event driven sales and trading services. Oppenheimer Holdings Inc. is headquartered in New York, New York.”
Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.48, from 0.79 in 2016Q1. The ratio increased, as 8 funds sold all Oppenheimer Holdings Inc. (USA) shares owned while 21 reduced positions. 5 funds bought stakes while 18 increased positions. They now own 5.45 million shares or 1.46% less from 5.53 million shares in 2016Q1.
Putnam Investments Limited Liability reported 29,991 shares or 0% of all its holdings. Deutsche Retail Bank Ag last reported 0% of its portfolio in the stock. Royal Commercial Bank Of Canada last reported 0% of its portfolio in the stock. Hotchkis Wiley Cap Mgmt Lc holds 0.08% or 1.25M shares in its portfolio. The New York-based Amer Intl Gp has invested 0% in Oppenheimer Holdings Inc. (USA) (NYSE:OPY). Oppenheimer & has 40,172 shares for 0.02% of their US portfolio. Northern Tru Corp reported 150,238 shares or 0% of all its holdings. Morgan Stanley accumulated 0% or 4,472 shares. Geode Capital Mngmt Ltd Liability Corporation has 82,731 shares for 0% of their US portfolio. Schwab Charles Invest Inc holds 0% of its portfolio in Oppenheimer Holdings Inc. (USA) (NYSE:OPY) for 13,800 shares. Rhumbline Advisers holds 0% or 16,684 shares in its portfolio. Bnp Paribas Arbitrage has invested 0% of its portfolio in Oppenheimer Holdings Inc. (USA) (NYSE:OPY). Blackrock Fund Advsr has 0% invested in the company for 257,125 shares. Nationwide Fund Advsrs accumulated 23,716 shares or 0% of the stock. Bridgeway Capital Mgmt owns 67,062 shares or 0.02% of their US portfolio.
More recent Oppenheimer Holdings Inc. (USA) (NYSE:OPY) news were published by: Moodys.com which released: “Moody’s affirms Oppenheimer Holdings, Inc.’s B2 ratings and changes outlook to …” on December 22, 2015. Also Reuters.com published the news titled: “Ex-Oppenheimer adviser pleads guilty to US insider trading charges” on October 25, 2016. Prnewswire.com‘s news article titled: “Oppenheimer & Co. Inc. Commitment To Boston Enhanced With New Institutional …” with publication date: April 07, 2016 was also an interesting one.
OPY Company Profile
Oppenheimer Holdings Inc., incorporated on May 11, 2009, is a middle-market investment bank and service broker-dealer. The Firm is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), research, market-making, trust services, and investment advisory and asset management services. The Company’s divisions are Private Client, Asset Management, Capital Markets, Commercial Mortgage Banking and Corporate/Other. The Company’s subsidiaries include Oppenheimer & Co. Inc. (Oppenheimer), Oppenheimer Asset Management (OAM), Freedom Investments, Inc. (Freedom), Oppenheimer Trust Company (Oppenheimer Trust), OPY Credit Corp. and Oppenheimer Multifamily Housing & Healthcare Finance, Inc. (OMHHF). The Company’s international businesses are carried on through Oppenheimer Europe Ltd. (United Kingdom), Oppenheimer Investments Asia Ltd. (Hong Kong) and Oppenheimer Israel (OPCO) Ltd. (Israel).
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