Oppenheimer Holdings (OPY) AI Stock Analysis

• Market Cap: $767.71M
• Dividend Yield: 0.98%
• Average Volume (3M): 56.76K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.91
• Revenue Growth: 13.84%
• EPS Growth: 42.61%
• Country: US
• Employees: 2,974
• Sector: Financial
• Sector Strength: 64
• Industry: Financial - Capital Markets
• EPS (TTM): 1.91
• Shares Outstanding: 10,420,884
• 10 Day Avg. Volume: 64,089
• 30 Day Avg. Volume: 56,761
• PEG Ratio: 0.06
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.46
• P/FCF Ratio: -5.85
• Enterprise Value/Market Cap: 2.69
• Enterprise Value/Revenue: 1.39
• Enterprise Value/Gross Profit: 2.83
• Enterprise Value/Ebitda: 10.93
• 1Y Price Target: $81.00
• Price Target Upside: 9.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: $81.00 ▲(9.95% Upside)

The overall stock score reflects a balance of solid technical momentum and recent positive corporate events against the backdrop of financial performance challenges. Valuation appears fair, but concerns over cash flow and profitability temper the outlook.

Oppenheimer Holdings Business Overview & Revenue Model

Company Description

Oppenheimer Holdings Inc. (OPY) is a leading investment bank and full-service financial services company headquartered in New York City. The company operates through multiple segments, including private client services, asset management, and investment banking. Oppenheimer provides a wide array of services such as financial advisory, wealth and asset management, institutional brokerage, and capital markets solutions to individuals, businesses, and institutions.

How the Company Makes Money

Oppenheimer Holdings generates revenue through several key streams. In its private client services segment, the company earns commissions and fees from advisory services, as well as from executing trades on behalf of clients. The asset management division generates income through management fees based on assets under management, providing investment solutions and strategies for clients. In the investment banking segment, Oppenheimer earns underwriting fees and advisory fees from assisting companies with mergers, acquisitions, and capital raising activities. The company also benefits from interest income from margin lending and other financial instruments. Strategic partnerships and institutional relationships enhance its capabilities and contribute to its revenue generation.

Oppenheimer Holdings Financial Statement Overview

Summary

Oppenheimer Holdings demonstrates stable revenue growth and solid gross margins; however, challenges exist with low net margins and declining EBITDA margins. Improved balance sheet leverage is countered by potential financial stress due to negative free cash flow.

Income Statement

The income statement shows a mixed performance. The company experienced a modest revenue growth of 1.02% from 2024 to TTM, and a stronger 14.69% from 2023 to 2024. Gross profit margin improved to 63.7% in the TTM period, indicating better cost management. However, the net profit margin for TTM is relatively low at 5.26%, reflecting challenges in converting revenue to profit. EBITDA margin decreased compared to 2024, signaling potential profitability issues.

Balance Sheet

The balance sheet presents a stable financial position with an equity ratio of 24.42% for the TTM period, which suggests a moderate level of financial leverage. The debt-to-equity ratio improved significantly to 0.20 in the TTM period, reflecting decreased reliance on debt. Return on equity is modest at 8.73% for TTM, indicating average efficiency in generating returns from shareholders' equity.

Cash Flow

The cash flow statement exhibits some areas of concern. The free cash flow is negative, and there is a significant drop from 2024 to TTM. Operating cash flow to net income ratio is negative, suggesting potential cash flow issues despite reported profits. Additionally, the free cash flow to net income ratio is unfavorable, indicating challenges in converting earnings to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.49B	1.43B	1.25B	1.11B	1.39B	1.20B
Gross Profit	729.02M	468.04M	441.50M	344.55M	484.89M	404.69M
EBITDA	188.77M	231.03M	152.57M	103.81M	268.62M	217.97M
Net Income	87.57M	71.56M	30.18M	32.35M	158.96M	122.99M
Balance Sheet
Total Assets	3.69B	3.38B	2.87B	2.71B	3.04B	2.71B
Cash, Cash Equivalents and Short-Term Investments	37.62M	33.15M	28.84M	112.43M	213.76M	35.42M
Total Debt	165.85M	687.59M	593.57M	794.24M	918.12M	1.01B
Total Liabilities	2.79B	2.53B	2.09B	1.89B	2.09B	2.03B
Stockholders Equity	896.86M	850.39M	789.17M	794.23M	823.20M	685.67M
Cash Flow
Free Cash Flow	80.98M	-113.32M	-35.87M	48.18M	219.52M	-58.59M
Operating Cash Flow	86.15M	-108.17M	-18.81M	64.49M	227.79M	-54.06M
Investing Cash Flow	-55.07M	-3.84M	-15.56M	-14.14M	-6.27M	-3.94M
Financing Cash Flow	-37.93M	116.32M	-74.76M	-253.91M	84.58M	13.87M

Oppenheimer Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 73.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 73.67 is above the 20-day moving average (MA) of 71.40, above the 50-day MA of 67.27, and above the 200-day MA of 62.78, indicating a bullish trend. The MACD of 2.34 indicates Positive momentum. The RSI at 62.43 is Neutral, neither overbought nor oversold. The STOCH value of 34.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPY.

Oppenheimer Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	79 Outperform	$5.67B	27.34	45.36%	3.63%	42.85%	1398.33%
PIPR	76 Outperform	$5.75B	27.31	17.91%	1.73%	10.39%	50.47%
SF	75 Outperform	$11.53B	21.70	11.11%	1.58%	8.75%	10.32%
OPY	68 Neutral	$767.71M	9.51	10.25%	0.98%	13.84%	42.61%
JEF	68 Neutral	$11.90B	21.87	5.75%	2.68%	1.00%	46.98%
Sector *	67 Neutral	$17.01B	11.60	9.79%	3.95%	10.63%	1.62%
SNEX	63 Neutral	$4.74B	16.53	16.14%	―	53.18%	24.91%

Oppenheimer Holdings Corporate Events

Oppenheimer Holdings Reports Strong Q2 2025 Financial Performance

On August 4, 2025, Oppenheimer Holdings Inc. released a presentation to investors highlighting their financial performance for the second quarter of 2025. The company reported a significant increase in revenue, primarily driven by higher investment banking activities and advisory fees. Net income more than doubled compared to the previous year, reaching $21.7 million, with total revenue rising to $373.2 million. The effective tax rate decreased, and both compensation and non-compensation expenses saw an increase. The company’s stockholders’ equity, book value, and tangible book value per share reached new highs, reflecting positive earnings. The announcement underscores Oppenheimer’s strong market position and growth in assets under administration and management.

Oppenheimer Holdings Appoints New CEO at Annual Meeting

On May 5, 2025, Oppenheimer Holdings held its Annual Meeting of Stockholders where all nine director nominees were elected, and Deloitte & Touche LLP was appointed as auditors for 2025. Additionally, Robert Lowenthal was appointed as the new CEO of Oppenheimer Holdings Inc., succeeding Albert Lowenthal who will become Executive Chairman. The company reported record revenue for 2024, driven by increased advisory fees, commissions, and investment banking revenue, with net income reaching $71.6 million. The first quarter of 2025 also saw increased revenue primarily due to higher advisory fees and transaction-based commissions.