Stock of The Day: Could Oppenheimer Holdings Inc. (USA) See a Reversal After This Very Strong Session?

Stock of The Day: Could Oppenheimer Holdings Inc. (USA) See a Reversal After This Very Strong Session?

The stock of Oppenheimer Holdings Inc. (USA) (NYSE:OPY) is a huge mover today! The stock increased 4.25% or $0.75 on November 29, hitting $18.4. About 90,632 shares traded hands or 114.69% 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.
The move comes after 7 months positive chart setup for the $253.01 million company. It was reported on Nov, 29 by Barchart.com. We have $20.06 PT which if reached, will make NYSE:OPY worth $22.77 million more.

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 firm has “Buy” rating by Sidoti given on Monday, March 21. The firm has “Outperform” rating by Macquarie Research given on Monday, September 14. Macquarie Research maintained Oppenheimer Holdings Inc. (USA) (NYSE:OPY) on Monday, November 2 with “Outperform” rating.

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 improved, 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.
Morgan Stanley last reported 0% of its portfolio in the stock. Parametric Port Associate Ltd Llc has 0% invested in the company for 41,505 shares. Wells Fargo And Co Mn reported 4,088 shares or 0% of all its holdings. Tiaa Cref Inv Mgmt Limited Liability Com holds 33,846 shares or 0% of its portfolio. The Texas-based Dimensional Fund Advisors Lp has invested 0% in Oppenheimer Holdings Inc. (USA) (NYSE:OPY). Perritt Capital Mngmt has 0.89% invested in the company for 219,064 shares. Royal Retail Bank Of Canada last reported 15,900 shares in the company. Ladenburg Thalmann Fin Inc accumulated 0% or 1,000 shares. Greenwich Wealth Mgmt Ltd Liability Corp accumulated 0.04% or 305,111 shares. Blackrock Fund Advsr has invested 0% of its portfolio in Oppenheimer Holdings Inc. (USA) (NYSE:OPY). The New York-based Fincl Bank Of Ny Mellon has invested 0% in Oppenheimer Holdings Inc. (USA) (NYSE:OPY). Bridgeway Cap Mngmt Inc, a Texas-based fund reported 67,062 shares. Legal General Gp Pcl has 0% invested in the company for 1,937 shares. Hotchkis & Wiley Cap Management Limited Company owns 1.25 million shares or 0.08% of their US portfolio. Schwab Charles Management owns 13,800 shares or 0% of their US portfolio.

More news for Oppenheimer Holdings Inc. (USA) (NYSE:OPY) were recently published by: Moodys.com, which released: “Moody’s affirms Oppenheimer Holdings, Inc.’s B2 ratings and changes outlook to …” on December 22, 2015. Reuters.com‘s article titled: “Ex-Oppenheimer adviser pleads guilty to US insider trading charges” and published on October 25, 2016 is yet another important article.

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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