Time to Reconsider Oppenheimer Holdings Inc. (OPY) After Achieving 52-Week High?

May 17, 2018 - By Christine McCrea

Oppenheimer Holdings Inc. (NYSE:OPY) Logo

Investors sentiment increased to 2.23 in Q4 2017. Its up 1.07, from 1.16 in 2017Q3. It is positive, as 2 investors sold Oppenheimer Holdings Inc. shares while 20 reduced holdings. 30 funds opened positions while 19 raised stakes. 5.98 million shares or 12.43% more from 5.32 million shares in 2017Q3 were reported.
Ameriprise reported 8,660 shares or 0% of all its holdings. 2,916 were accumulated by Bnp Paribas Arbitrage Sa. Invesco owns 31,871 shares. Point72 Asia (Hong Kong) Limited stated it has 54 shares or 0% of all its holdings. Panagora Asset Mgmt holds 3,740 shares or 0% of its portfolio. Clarivest Asset Management Ltd Liability Corp stated it has 18 shares. Meeder Asset Mngmt has invested 0% in Oppenheimer Holdings Inc. (NYSE:OPY). Goldman Sachs Gru Inc has 15,357 shares for 0% of their portfolio. Burgundy Asset Mngmt Ltd holds 0.11% or 463,040 shares. Vanguard Gru holds 0% or 355,662 shares in its portfolio. 584,717 were reported by Dimensional Fund Lp. 108,610 were accumulated by Northern Tru. Royal Fincl Bank Of Canada accumulated 8,201 shares. Brandywine Glob Mngmt Limited Liability Com reported 5,863 shares or 0% of all its holdings. Tiaa Cref Investment Management Ltd Com holds 0% of its portfolio in Oppenheimer Holdings Inc. (NYSE:OPY) for 26,050 shares.

The stock of Oppenheimer Holdings Inc. (NYSE:OPY) hit a new 52-week high and has $30.45 target or 5.00 % above today’s $29.00 share price. The 8 months bullish chart indicates low risk for the $383.98M company. The 1-year high was reported on May, 17 by Barchart.com. If the $30.45 price target is reached, the company will be worth $19.20 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.

The stock increased 0.17% or $0.05 during the last trading session, reaching $29. About 27,903 shares traded. Oppenheimer Holdings Inc. (NYSE:OPY) has risen 52.24% since May 17, 2017 and is uptrending. It has outperformed by 40.69% the S&P500.

More recent Oppenheimer Holdings Inc. (NYSE:OPY) news were published by: Prnewswire.com which released: “Oppenheimer Expands Its Consumer Expertise With New Global Head of Consumer Investment Banking” on May 15, 2018. Also Globenewswire.com published the news titled: “Recent Analysis Shows First Cash, ADTRAN, OMNOVA Solutions, Athersys, Oppenheimer, and Conn’s Market …” on April 25, 2018. Prnewswire.com‘s news article titled: “Oppenheimer Concludes Gathering Of Public Companies And Investors Focused On Industrial Growth” with publication date: May 10, 2018 was also an interesting one.

Oppenheimer Holdings Inc., through its subsidiaries, provides middle-market investment bank and full service broker-dealer services and products. The company has market cap of $383.98 million. The firm offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It has a 17.37 P/E ratio. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, fee non-discretionary investment advisory services, alternative investments, portfolio enhancement programs, investment advisory services, and institutional taxable fixed income portfolio management services.

Oppenheimer Holdings Inc. (NYSE:OPY) Institutional Positions Chart

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