Last $23.27 USD
Change Today +0.07 / 0.30%
Volume 15.2K
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

oppenheimer holdings-cl a (OPY) Key Developments

Oppenheimer Holdings Inc. Announces Quarterly Dividend, Payable on November 28, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Oppenheimer Holdings Inc. announced a quarterly dividend in the amount of $0.11 per share payable on November 28, 2014 to holders of Class A non-voting and Class B voting common stock of record on November 14, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was $244,679,000 compared to $243,376,000 for the same period of last year. Income before income taxes was $10,896,000 compared to $8,163,000 for the same period of last year. Net income attributable to the company was $4,470,000 compared to $5,237,000 for the same period of last year. Net income per diluted share was $0.31 compared to $0.37 for the same period of last year. EBITDA was up 33.5% compared with an EBITDA of $8.2 million for the third quarter of 2013. For the nine months, the company’s revenue was $749,536,000 compared to $726,352,000 for the same period of last year. Income before income taxes was $16,141,000 compared to $20,550,000 for the same period of last year. Net income attributable to Oppenheimer Holdings Inc. was $6,140,000 compared to $11,748,000 for the same period of last year. Net income per diluted share was $0.43 compared to $0.83 for the same period of last year. Book value per share was $38.63 as on September 30, 2014 compared to $37.68 as on September 30, 2013. Tangible book value per share was $26.19 as on September 30, 2014 compared to $25.16 as on September 30, 2013.

Oppenheimer Holdings Inc. Announces Executive Appointments

Oppenheimer Holdings' unit The Investment Banking division of Oppenheimer & Co. Inc. announced the six new executive hires to the healthcare, rental services and logistics, energy, technology and real estate teams. The recent hires underscore the firm's recent growth, particularly in investment banking. The new hires include: Alexander Lim, Managing Director - Healthcare. Alex joins the firm from Lazard Freres, where he was responsible for origination as well as leading client overage and execution for companies in the biotech, diagnostics and life science tools sector. He will continue his focus on the Healthcare Life Sciences sector and is based in Oppenheimer's San Francisco office. Neha Motwani, Executive Director - Healthcare. Neha joins Oppenheimer from Stifel, where she covered companies in the life sciences sector. During her 15-year career, she has been involved in more than 70 equity and financial advisory transactions. She continues to focus on Healthcare Life Sciences and works out of the company's New York office. Fred Larsen, Managing Director - Rental Services and Logistics. Fred joins Oppenheimer from Henley Associates, an independent financial advisory firm that he helped found. Before that, he was at Piper Jaffray where he was responsible for global transaction origination, execution and client coverage for middle market transportation and logistics firms. He joins Oppenheimer's Rental Services & Logistics group and is based in New York. Ramzi Nassar, Managing Director - Oil Field Services. Ramzi joins the company from the Global Energy Investment Banking of Citigroup Global Markets. He previously worked at an engineering firm and was General Manager and President of eLinear Solutions Middle East FZ in the United Arab Emirates. Ramzi began his investment banking career at Morgan Stanley, and then worked at CIBC World Markets' M&A Group. He joins Oppenheimer's Energy group and will continue to focus on the Oil Field Services sector out of Oppenheimer's Houston branch. Blake Williams, Managing Director - Hardware and Emerging Technology. Blake joins Oppenheimer's Technology group from Cowen, where he was responsible for client relationships with mid-cap domestic and international companies in the semiconductor, capital equipment, emerging technology and optical sectors. Prior to Cowen, Blake spent nine years with Piper Jaffray as a Managing Director in the Technology, Media and Telecommunications Group and as Head of Semiconductor, Component and Communications. He is now based in San Francisco. Steven Cheng, Executive Director - Real Estate. Steve moves to Oppenheimer from Big Ocean, a boutique investment banking firm. He began his investment banking career at RBC Capital Markets in 2005. He will continue his focus on the Real Estate Investment Trust (REIT) sector and work out of the New York office.

Oppenheimer Holdings Inc. Announces Quarterly Dividend, Payable on August 29, 2014

Oppenheimer Holdings Inc. announced a quarterly dividend in the amount of $0.11 per share payable on August 29, 2014 to holders of Class A non-voting and Class B voting common stock of record on August 15, 2014.

Oppenheimer Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Oppenheimer Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $249.7 million against $243.8 million last year. Income before income taxes was $0.1 million against $5.7 million last year. Net loss attributable to the company was $1.6 million or $0.11 per basic and diluted share against net income attributable to the company of $2.8 million or $0.20 per diluted share last year. Second quarter 2014 operating results were significantly impacted by a charge in the amount of $12.0 million ($8.4 million after-tax or $0.61 per share) related to two regulatory matters emanating from transactions in low-priced securities. Net income before the regulatory charges would have been $6.9 million or $0.50 per share for the second quarter of 2014, a considerable improvement over the prior year comparable period. For the six months, revenue was $504.9 million against $483 million last year. Income before income taxes was $5.2 million against $12.4 million last year. Net income attributable to the company was $1.7 million or $0.12 per basic and diluted share against net income attributable to the company of $6.5 million or $0.46 per diluted share last year. Book value per share was $26.01 against $24.82 at June 30, 2013. Net income before the regulatory charges would have been $14.9 million or $1.10 per share for the six month period ended June 30, 2014, a considerable improvement over the prior year comparable period.

Oppenheimer Holdings Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Oppenheimer Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was $255.2 million compared with $239.1 million in the first quarter of 2013, an increase of 6.7%. Net income attributable to company was $3.2 million or $0.23 per diluted share compared with net income of $3.7 million or $0.26 per diluted share for the first quarter of 2013, a decrease in net income of 12.0%. Income before income taxes was $5,109,000 against $6,713,000 a year ago. Book value per share as on March 31, 2014 was $38.56 against $37.07 as at March 31, 2013. Tangible book value per share as on March 31, 2014 was $26.10 against $24.61 as at March 31, 2013.

 

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