Last $23.27 USD
Change Today +0.07 / 0.30%
Volume 15.2K
OPY On Other Exchanges
Symbol
Exchange
New York
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) Snapshot

Open
$23.14
Previous Close
$23.20
Day High
$23.29
Day Low
$22.79
52 Week High
03/10/14 - $29.91
52 Week Low
09/30/14 - $19.76
Market Cap
317.2M
Average Volume 10 Days
25.8K
EPS TTM
$1.98
Shares Outstanding
13.5M
EX-Date
11/12/14
P/E TM
11.8x
Dividend
$0.44
Dividend Yield
1.89%
Current Stock Chart for OPPENHEIMER HOLDINGS-CL A (OPY)

oppenheimer holdings-cl a (OPY) Details

Oppenheimer Holdings Inc. operates as a middle-market investment bank and full service broker-dealer. The company offers full-service 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, and unit investment trusts; financial and wealth planning services; and margin lending services. It also provides asset management services, including separate and other managed accounts, investment advisory, discretionary portfolio management services, fee-based non-discretionary accounts, institutional investment management services, and alternative investments services through vehicles, such as privately managed accounts, and retail and institutional separate accounts. In addition, the company offers investment banking services, including strategic advisory services and capital markets products; institutional equity sales and trading services; equity research services; equity, debt, and index options; convertible bonds; and event driven sales and trading services. Further, it provides fixed income sales and trading, fixed income research, public finance, and municipal trading services; securities lending services; underwriting, market-making, and trust services; and mortgage services to the developers of commercial properties. Additionally, the company is involved in proprietary trading and investment activities; and originating and servicing Federal Housing Administration insured multifamily and healthcare facility loans, as well as securitizing these loans into Ginnie Mae mortgage backed securities. 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. The company was founded in 1881 and is headquartered in New York, New York.

3,405 Employees
Last Reported Date: 10/31/14
Founded in 1881

oppenheimer holdings-cl a (OPY) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $500.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $1.0M
Senior Managing Director of Fixed Income and ...
Total Annual Compensation: $2.4M
Executive Vice President of Oppenheimer & Co ...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

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.

 

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Industry Analysis

OPY

Industry Average

Valuation OPY Industry Range
Price/Earnings 17.0x
Price/Sales 0.3x
Price/Book 0.6x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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