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Oppenheimer Holdings Inc Stock Research

OPY

39.21USD+3.19(+8.86%)Market Closed

Market Summary

USD39.21+3.19
Market Closed
8.86%

OPY Alerts

OPY Stock Price

OPY RSI Chart

OPY Valuation

Market Cap

434.3M

Price/Earnings (Trailing)

11.53

Price/Sales (Trailing)

0.37

EV/EBITDA

3.43

Price/Free Cashflow

3.84

OPY Price/Sales (Trailing)

OPY Profitability

EBT Margin

9.22%

Return on Equity

4.07%

Return on Assets

1.19%

Free Cashflow Yield

26.06%

OPY Fundamentals

OPY Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

20.92%

Revenue Q/Q

2.58%

OPY Earnings

Earnings (TTM)

37.7M

Earnings Y/Y

57.31%

Earnings Q/Q

-34.78%

Price Action

52 Week Range

28.2949.32
(Low)(High)

Last 7 days

5.2%

Last 30 days

3.8%

Last 90 days

-12.1%

Trailing 12 Months

10.7%

OPY Financial Health

Debt/Equity

0.16

Debt/Cashflow

0.08

OPY Investor Care

Dividend Yield

1.53%

Dividend/Share (TTM)

0.6

Buy Backs (1Y)

9.63%

Diluted EPS (TTM)

3.06

Peers (Alternatives to Oppenheimer Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
107.8B
39.0B
-4.89% 1.22%
10.21
2.76
-18.28% -43.67%
99.6B
21.2B
1.70% -23.94%
13.86
4.8
14.77% 27.91%
98.6B
17.4B
-0.82% 1.13%
20.12
5.66
-11.48% -20.19%
19.1B
12.0B
0.66% -7.92%
11.41
1.6
11.08% 11.36%
10.3B
735.4M
-14.14% -2.76%
39.61
13.95
6.65% 6.97%
MID-CAP
8.5B
3.5B
0.06% 25.50%
4.63
3.18
133.79% 12.59%
7.5B
1.9B
-3.71% -2.48%
19.23
4.01
-8.09% -35.44%
6.6B
4.7B
-6.53% -13.40%
9.92
1.43
-0.66% -21.72%
1.7B
64.5B
-19.20% 6.95%
7.56
0.03
22.22% 49.25%
SMALL-CAP
1.9B
1.4B
-3.13% -2.47%
18.96
1.37
-29.57% -62.49%
1.7B
2.3B
-8.86% -32.68%
6.27
0.75
-8.65% -30.67%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
810.8M
16.9M
-1.07% -6.64%
-54.17
48.01
-24.32% -161.15%
434.3M
1.2B
3.84% 10.70%
11.53
0.37
-9.34% -70.93%
265.1M
262.7M
115.80% 21.56%
-33.4
1.01
-10.67% -128.23%

Financials for Oppenheimer Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue5.0%1,1671,1111,1621,1841,287
Operating Expenses4.8%1,1161,0651,0551,0461,100
EBITDA-16.5%130156133--
EBITDA Margin-14.9%0.11*0.13*0.10*--
EBT Margin-20.5%0.09*0.12*0.09*--
Interest Expenses44.6%34.0024.0015.0011.0010.00
Net Income16.5%38.0032.0073.0095.00130
Net Income Margin-53.5%0.03*0.06*0.08*0.10*-
Free Cahsflow1768.3%48.00-2.89-27.5659.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets7.6%2,9202,7142,8562,9213,019
    Cash Equivalents-73.0%30.0011237.0037.0047.00
  Net PPE4.5%38.0037.0034.0027.0029.00
  Goodwill0%138138138138138
Liabilities10.6%2,0941,8941,9562,0112,075
Shareholder's Equity0.8%800794771780817
  Retained Earnings1.7%777764744743748
  Additional Paid-In Capital-21.8%22.0029.0026.0035.0040.00
Accumulated Depreciation0.9%99.0098.0098.0096.0095.00
Shares Outstanding1.0%11.0011.0011.0011.0012.00
Minority Interest-40.0%0.001.002.002.003.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations102.4%13164.009.00-23.7268.00
  Share Based Compensation-5.7%15.0016.005.002.0023.00
Cashflow From Investing-3.4%-14.62-14.14-11.19-1.95-7.76
Cashflow From Financing7.4%-235-25326.0015086.00
  Dividend Payments-3.1%7.007.0020.0020.0020.00
  Buy Backs-20.6%48.0061.0063.0054.0024.00

Risks for OPY

What is the probability of a big loss on OPY?

66.5%


Probability that Oppenheimer Holdings stock will be more than 20% underwater in next one year

38.9%


Probability that Oppenheimer Holdings stock will be more than 30% underwater in next one year.

23.5%


Probability that Oppenheimer Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OPY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Oppenheimer Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for OPY

Cumulative Returns on OPY

9.6%


10-Year Cumulative Returns

16.8%


7-Year Cumulative Returns

9.4%


5-Year Cumulative Returns

26.6%


3-Year Cumulative Returns

What are the long-term rolling returns for OPY?

FIve years rolling returns for Oppenheimer Holdings.

Annualized Returns

Which funds bought or sold OPY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-25
Brandywine Global Investment Management, LLC
added
971
2,090,020
2,324,570
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
added
4.36
-81,000
2,256,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
31.04
42,000
242,000
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
3.23
-30,000
625,000
-%
2023-05-16
HANCOCK WHITNEY CORP
reduced
-6.74
-50,000
319,000
0.01%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
added
56.2
332,235
1,079,440
-%
2023-05-15
Covestor Ltd
reduced
-76.36
-8,000
2,000
-%
2023-05-15
MetLife Investment Management, LLC
unchanged
-
-14,873
183,104
-%
2023-05-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
sold off
-
-
-
-%
2023-05-15
Legal & General Group Plc
unchanged
-
-2,420
29,793
-%

1–10 of 45

Latest Funds Activity

Are funds buying OPY calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own OPY
No. of Funds

Oppenheimer Holdings News

InvestorsObserver
Will Oppenheimer Holdings Inc. (OPY) Beat the Rest of the Stocks in the Financial Services Sector?.
InvestorsObserver,
20 hours ago
Morningstar
The Business Journals
Private Banker International
Oppenheimer & Co. expands with a new office in Miami.
Private Banker International,
2 months ago
Yahoo Finance

Schedule 13G FIlings of Oppenheimer Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 01, 2023
blackrock inc.
5.7%
614,640
SC 13G/A
Feb 01, 2022
blackrock inc.
5.7%
713,370
SC 13G/A
Sep 23, 2021
propp morris
0.88%
29
SC 13G/A
Jun 25, 2021
propp morris
0.66%
29
SC 13G
Jan 29, 2021
blackrock inc.
5.6%
693,979
SC 13G/A
Feb 05, 2020
blackrock inc.
5.7%
718,249
SC 13G/A

OPY Fair Value

Show Fair-Value

Recent SEC filings of Oppenheimer Holdings

View All Filings
Date Filed Form Type Document
May 31, 2023
SC TO-I
SC TO-I
May 09, 2023
8-K
Current Report
May 01, 2023
8-K
Current Report
Apr 28, 2023
8-K
Current Report
Apr 28, 2023
10-Q
Quarterly Report
Mar 17, 2023
DEF 14A
DEF 14A
Mar 14, 2023
ARS
ARS
Mar 06, 2023
4
Insider Trading
Mar 03, 2023
10-K/A
Annual Report
Feb 28, 2023
10-K
Annual Report

Latest Insider Trading transactions for OPY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
McNAMARA DENNIS P
sold
-539,761
44.5348
-12,120
secretary
2023-01-30
LOWENTHAL ALBERT G
acquired
-
-
4,454
ceo
2023-01-29
Lowenthal Robert S
acquired
-
-
2,978
-
2023-01-29
LOWENTHAL ALBERT G
acquired
-
-
25,771
ceo
2023-01-29
McNAMARA DENNIS P
acquired
-
-
2,081
secretary
2023-01-26
Dwyer Timothy Martin
acquired
-
-
2,500
-
2023-01-26
BEHRENS EVAN
acquired
-
-
2,500
-
2023-01-26
Friedman Paul M
acquired
-
-
2,500
-
2023-01-26
ROTH R LAWRENCE
acquired
-
-
2,500
-
2023-01-26
EHRHARDT WILLIAM
acquired
-
-
2,500
-

1–10 of 50

Albert G. Lowenthal
2910
Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers 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, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, non-discretionary investment advisory and consultation services, alternative investments, portfolio enhancement programs, and institutional taxable fixed income portfolio management strategies and solutions, as well as taxable and non-taxable fixed income portfolios and strategies. In addition, the company offers investment banking services, such as strategic advisory services and capital markets products; merger and acquisition, equities capital market, and debt capital market products and services; and institutional equity sales and trading, equity research, equity derivatives and index options, convertible bonds, and trading services. Further, it provides institutional fixed income sales and trading, fixed income research, public finance, and municipal trading services; repurchase agreements and securities lending services; and proprietary trading and investment activities. Additionally, the company offers underwritings, market-making, trust, and discount services. It serves high-net-worth individuals and families, corporate executives, public and private businesses, institutions and corporations, governments, financial sponsors, and domestic and international investors. Oppenheimer Holdings Inc. was founded in 1881 and is headquartered in New York, New York.

OPY Income Statement

2023-03-31
CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE  
Commissions$ 86,697$ 98,321
Advisory fees100,544115,766
Investment banking37,96538,470
Bank deposit sweep income48,9094,354
Interest24,9419,517
Principal transactions, net13,4902,364
Other9,133(2,764)
Total revenue321,679266,028
EXPENSES  
Compensation and related expenses206,292186,031
Communications and technology22,44021,585
Occupancy and equipment costs15,90114,690
Clearing and exchange fees6,2635,976
Interest13,1422,512
Other38,59221,021
Total expenses302,630251,815
Pre-tax income19,04914,213
Income taxes provision4,5854,435
Net income14,4649,778
Net income (loss) attributable to noncontrolling interest, net of tax(153)486
Net income attributable to Oppenheimer Holdings Inc.$ 14,617$ 9,292
Earnings per share attributable to Oppenheimer Holdings Inc.  
Basic (in dollars per share)$ 1.32$ 0.75
Diluted (in dollars per share)$ 1.22$ 0.69
Weighted average shares outstanding  
Basic (in shares)11,092,60312,467,632
Diluted (in shares)11,963,49213,499,334
Period end shares outstanding (in shares)11,075,38812,255,839

OPY Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 30,320$ 112,433
Deposits with clearing organizations69,30577,691
Restricted cash25,58125,534
Receivable from brokers, dealers and clearing organizations361,039206,077
Receivable from customers, net of allowance for credit losses of $347 ($350 in 2022)1,054,3161,202,764
Income tax receivable5,3740
Securities owned, including amounts pledged of $337,810 ($175,724 in 2022), at fair value762,154498,594
Notes receivable, net63,64957,495
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $98,662 ($97,751 in 2022)38,39836,742
Right-of-use lease assets, net of accumulated amortization of $86,943 ($82,449 in 2022)152,773142,630
Goodwill137,889137,889
Intangible assets32,10032,100
Other assets187,309184,443
Total assets2,920,2072,714,392
Liabilities  
Drafts payable18,0240
Bank call loans19,3000
Payable to brokers, dealers and clearing organizations635,970550,006
Payable to customers458,588456,475
Securities sold under agreements to repurchase280,436161,009
Securities sold but not yet purchased, at fair value110,65752,768
Accrued compensation155,984239,136
Income tax payable4,2324,130
Accounts payable and other liabilities68,250102,202
Lease liabilities193,350182,570
Senior secured notes, net of debt issuance costs of $556 ($616 in 2022)112,494113,434
Deferred tax liabilities, net of deferred tax assets of $52,957 ($55,628 in 2022)36,50732,241
Total liabilities2,093,7921,893,971
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests25,55725,466
Stockholders' equity  
Common stock ($0.001 par value per share): Class A: shares authorized: 50,000,000; shares issued and outstanding: 10,975,723 and 10,868,556 as of March 31, 2023 and December 31, 2022, respectively Class B: shares authorized, issued and outstanding: 99,665 as of March 31, 2023 and December 31, 20221111
Additional paid-in capital22,37428,628
Retained earnings777,121764,178
Accumulated other comprehensive income9191,416
Total Oppenheimer Holdings Inc. stockholders' equity800,425794,233
Noncontrolling interest (Note 2)433722
Total Stockholders' equity800,858794,955
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity$ 2,920,207$ 2,714,392