oppenheimer holdings-cl a (OPY:New York)
oppenheimer holdings-cl a (OPY) Snapshot
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Open
$19.25
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Previous Close
$19.31
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Day High
$19.67
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Day Low
$19.25
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52 Week High
03/19/13 - $21.00
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52 Week Low
06/12/12 - $13.15
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Market Cap
266.3M
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Average Volume 10 Days
23.3K
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EPS TTM
$0.32
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Shares Outstanding
13.5M
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EX-Date
05/8/13
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P/E TM
61.2x
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Dividend
$0.44
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Dividend Yield
2.25%
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Related News
oppenheimer holdings-cl a (OPY) Related Businessweek News
oppenheimer holdings-cl a (OPY) Details
Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full service broker-dealer. It offers full-service brokerage services covering various investment alternatives, such as 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. The company also provides financial and wealth planning services; margin lending; securities lending; and online equity investing and discount brokerage services. In addition, it offers asset management services for equity, fixed income, large-cap balanced, and alternative investments offered through vehicles, such as privately managed accounts, and retail and institutional separate accounts. Further, the company provides investment banking services, including strategic advisory services and capital markets products; institutional equity sales and trading; equity research; equity options and derivatives; convertible bonds; and event driven sales and trading services. Additionally, it trades in non-investment grade public and private debt securities, mortgage-backed securities, and distressed securities; provides fixed income research, public finance, and municipal trading services; and is involved in proprietary trading and investment activities. The company also participates in loan syndications and operates as underwriting agent in financing transactions; trades syndicated corporate loans in the secondary market; offers various trust services; and provides mortgage services to developers of commercial properties. It serves high-net-worth individuals and families, corporate executives, small and mid-sized businesses, endowments and foundations, institutions, and trusts in the United States, Europe, the Middle East, Asia, and South America. Oppenheimer Holdings Inc. was founded in 1977 and is headquartered in New York, New York.
oppenheimer holdings-cl a (OPY) Top Compensated Officers
oppenheimer holdings-cl a (OPY) Key Developments
Oppenheimer Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenue was $239.15 million compared to $238.21 million a year ago. Income from operations was $6.71 million compared to loss from operations of $6.49 million a year ago. Net income was $3.89 million compared to net loss of $3.88 million a year ago. Net income attributable to the company was $3.66 million or $0.26 per diluted share compared to net loss attributable to the company of $4.66 million or $0.34 per diluted share a year ago. At March 31, 2013, book value per share was $37.07 (compared with $36.80 at December 31, 2012) and tangible book value per share was $24.61 (compared with $24.34 at December 31, 2012). The company announced a quarterly dividend in the amount of $0.11 per share, payable on May 24, 2013 to holders of Class A non-voting and Class B voting common stock of record on May 10, 2013.
Oppenheimer Holdings Inc., Annual General Meeting, May 13, 2013., at 16:30 US Eastern Standard Time. Location: 22nd Floor Conference Center. Agenda: To elect nine directors; to ratify the appointment of Deloitte & Touche LLP as auditors of the company for 2013 and authorize the audit committee to fix the auditors’ remuneration; to authorize the issue of up to 1,250,000 shares of class a non-voting common stock to the Oppenheimer & Co. Inc. Employee Share Plan; and to transact such other business as is proper at such meeting or any adjournment thereof.
On April 3, 2013, the audit committee of the board of directors of Oppenheimer Holdings Inc. approved the engagement of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2013. The audit committee made its determination after completing a process it undertook to consider the selection of a public accounting firm for 2013 audit. This process included consideration of several major public accounting firms, including PricewaterhouseCoopers (“PwC”), former independent registered public accounting firm. In connection with the audit committee’s approval to engage Deloitte, the company's audit committee dismissed PwC on April 3, 2013.
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Industry Analysis
OPY
Industry Average
| Valuation | OPY | Industry Range |
| Price/Earnings | 57.0x |
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| Price/Sales | 0.3x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 56.6x |
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| TEV/Sales | NM | Not Meaningful |
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To contact OPPENHEIMER HOLDINGS-CL A, please visit www.opco.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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