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Oppenheimer Holdings
(NYSE:OPY)
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Rating:59Neutral
Price Target:
$117.00
â–²(72.26% Upside)
Action:Reiterated
Date:05/06/26
The score is held back primarily by higher balance-sheet leverage, cooling TTM profitability, and less consistent cash generation. Technicals are constructive over the longer trend but weak near term, while valuation is less supportive due to a negative P/E despite a modest dividend. Corporate events add both a positive signal (dividend hike) and a notable risk (legal-cost-driven loss).
Positive Factors
Revenue growth
Sustained top-line expansion into 2025, with record revenue of $1.64B, indicates the firm is growing client activity across businesses. Durable revenue gains from wealth and capital markets broaden the fee base and reduce reliance on any single quarter of trading, supporting earnings stability over months.
Negative Factors
Rising leverage
A sharp increase in leverage materially reduces financial flexibility and raises interest and refinancing risk if activity weakens. Higher debt magnifies earnings volatility in a capital-markets firm and limits strategic optionality, increasing long-term vulnerability to market slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sustained top-line expansion into 2025, with record revenue of $1.64B, indicates the firm is growing client activity across businesses. Durable revenue gains from wealth and capital markets broaden the fee base and reduce reliance on any single quarter of trading, supporting earnings stability over months.
Read all positive factors
Oppenheimer Holdings Key Performance Indicators (KPIs)
Any
Assets Under Management
Captures the value of assets the firm actively manages on behalf of clients, which directly produces management fees and reflects investment performance and client trust. Growing AUM supports recurring revenue and margin improvement; large outflows can quickly reduce fee income and hurt profitability.
Captures the value of assets the firm actively manages on behalf of clients, which directly produces management fees and reflects investment performance and client trust. Growing AUM supports recurring revenue and margin improvement; large outflows can quickly reduce fee income and hurt profitability.
Data provided by:
The Fly
The FlyOppenheimer Holdings (OPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend Yield0.99%
Average Volume (3M)83.56K
Price to Earnings (P/E)11.8
Beta (1Y)0.88
Revenue Growth18.88%
EPS Growth26.40%
CountryUS
Employees2,974
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)9.27
Shares Outstanding10,608,340
10 Day Avg. Volume108,203
30 Day Avg. Volume83,563
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.77
Price to Sales (P/S)0.46
P/FCF Ratio4.14
Enterprise Value/Market Cap2.18
Enterprise Value/Revenue1.48
Enterprise Value/Gross Profit2.22
Enterprise Value/Ebitda9.57
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Oppenheimer Holdings Business Overview & Revenue Model
Company Description
Headquartered in New York since its founding in 1881, Oppenheimer Holdings Inc. serves as a prominent middle-market investment bank and full-service broker-dealer, extending its operations across the Americas, Europe, the Middle East, and Asia. Th...
How the Company Makes Money
Oppenheimer makes money primarily by earning fees and commissions for facilitating financial transactions and providing advisory services across its wealth management and capital markets businesses. Key revenue streams typically include: (1) Broke...
Oppenheimer Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.72B | 1.64B | 1.43B | 1.25B | 1.11B | 1.39B |
| Gross Profit | 1.14B | 837.87M | 468.04M | 441.50M | 344.55M | 484.89M |
| EBITDA | 264.51M | 315.35M | 231.03M | 152.57M | 103.81M | 268.62M |
| Net Income | 97.17M | 148.40M | 71.56M | 30.18M | 32.35M | 158.96M |
Balance Sheet | ||||||
| Total Assets | 3.87B | 3.72B | 3.38B | 2.87B | 2.71B | 3.04B |
| Cash, Cash Equivalents and Short-Term Investments | 34.60M | 38.41M | 33.15M | 28.84M | 112.43M | 213.76M |
| Total Debt | 1.42B | 628.47M | 687.59M | 593.57M | 633.23M | 640.79M |
| Total Liabilities | 2.90B | 2.73B | 2.53B | 2.09B | 1.89B | 2.09B |
| Stockholders Equity | 952.43M | 983.82M | 850.39M | 789.17M | 794.23M | 823.20M |
Cash Flow | ||||||
| Free Cash Flow | 73.37M | 183.56M | -113.32M | -35.87M | 48.18M | 219.52M |
| Operating Cash Flow | 76.88M | 188.75M | -108.17M | -18.81M | 64.49M | 227.79M |
| Investing Cash Flow | 11.74M | -1.39M | -3.84M | -15.56M | -14.14M | -6.27M |
| Financing Cash Flow | -90.72M | -182.11M | 116.32M | -74.76M | -253.91M | 84.58M |
Oppenheimer Holdings Technical Analysis
Positive
67.92
Price Trends
101.30
Positive
96.47
Positive
84.13
Positive
Market Momentum
2.67
Negative
59.71
Neutral
55.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPY, the sentiment is Positive. The current price of 67.92 is below the 20-day moving average (MA) of 104.90, below the 50-day MA of 101.30, and below the 200-day MA of 84.13, indicating a bullish trend. The MACD of 2.67 indicates Negative momentum. The RSI at 59.71 is Neutral, neither overbought nor oversold. The STOCH value of 55.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPY.
Oppenheimer Holdings Risk Analysis
Oppenheimer Holdings disclosed 34 risk factors in its most recent earnings report. Oppenheimer Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oppenheimer Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $13.25B | 17.81 | 41.05% | 0.95% | 47.30% | 68.64% | |
71 Outperform | $11.22B | 8.82 | 15.14% | 1.43% | 9.07% | 45.94% | |
69 Neutral | $4.21B | 19.09 | 76.40% | 0.58% | 21.44% | 17.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $23.61B | 26.21 | 17.04% | 0.32% | 38.08% | -22.75% | |
59 Neutral | $1.16B | 11.81 | 10.36% | 0.99% | 18.88% | 26.40% | |
45 Neutral | $10.76B | 27.26 | 7.08% | 2.52% | 16.38% | 39.47% |
* Financial Sector Average
OPY
Oppenheimer Holdings
109.46
43.20
65.21%
EVR
Evercore Partners
342.64
58.11
20.42%
JEF
Jefferies
52.62
-2.69
-4.86%
LPLA
LPL Financial
295.18
-87.53
-22.87%
SF
Stifel Financial
73.17
1.61
2.26%
PJT
PJT Partners
162.99
-4.44
-2.65%
Oppenheimer Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresLegal ProceedingsShareholder Meetings
Oppenheimer Shareholders Back Directors, Auditor and Governance Changes
Positive
May 5, 2026
At its May 4, 2026 annual meeting, Oppenheimer’s Class B shareholders elected nine directors, ratified Deloitte Touche as auditor for 2026, endorsed the company’s executive pay program and an annual say-on-pay frequency, and approved ...
Business Operations and StrategyDividendsFinancial DisclosuresLegal Proceedings
Oppenheimer Highlights Q1 Revenue Growth, Raises Dividend Payout
Negative
May 4, 2026
On May 4, 2026, Oppenheimer Holdings Inc. posted an investor presentation outlining its first-quarter 2026 performance, showing revenue rose 21% year over year to $445.1 million, driven by a 105.2% surge in investment banking fees, higher transact...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.