Last $26.83 USD
Change Today +0.17 / 0.64%
Volume 27.3K
OPY On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

oppenheimer holdings-cl a (OPY) Snapshot

Open
$26.50
Previous Close
$26.66
Day High
$27.00
Day Low
$26.47
52 Week High
03/10/14 - $29.91
52 Week Low
09/6/13 - $16.51
Market Cap
362.5M
Average Volume 10 Days
48.3K
EPS TTM
$1.77
Shares Outstanding
13.5M
EX-Date
02/12/14
P/E TM
15.2x
Dividend
$0.44
Dividend Yield
1.64%
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.

3,435 Employees
Last Reported Date: 03/7/14
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 Brian Kutsmeda Joins Oppenheimer as Managing Director-Investments and Area Manager in Boca Raton

Oppenheimer Holdings Inc. announced that Brian C. Kutsmeda has joined the Firm as Managing Director - Investments and Area Manager. He will work out of Oppenheimer's Boca Raton office and will report to Executive Vice President, Private Client Division, Robert Okin. Mr. Kutsmeda has created a distinguished track record as a financial advisor, training director and branch and area manager. He joins Oppenheimer from JPMorgan.

Oppenheimer Holdings Inc. Announces the Retirement of $50 Million of $8.75% Senior Secured Notes Due 2018

Oppenheimer Holdings Inc. announced that it will be retiring a total of $50 million (25%) of its 8.75% Senior Secured Notes due 2018. The company will deliver to the holders of the Notes a notice of partial redemption, notifying such holders of the company's intent to redeem on April 15, 2014 (the Redemption Date) $45 million aggregate principal amount of the outstanding Notes at a redemption price equal to 106.563% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. In addition, the company will also be retiring the $5 million aggregate principal amount of the Notes that it currently holds. Upon completion of the redemption and retirement on the Redemption Date, $150 million aggregate principal amount of the Notes will remain outstanding. The retirement of the Notes will reduce the Company's interest costs by $3.9 million annually.

Oppenheimer Holdings Inc. Declares Quarterly Dividend on Class A Non-Voting and Class B Voting Common Stock Payable on February 28, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Oppenheimer Holdings Inc. announced a quarterly dividend in the amount of $0.11 per share payable on February 28, 2014 to holders of Class A non-voting and Class B voting common stock of record on February 14, 2014. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of $293,362,000 compared to $249,415,000 a year ago. Income before income taxes was $23,359,000 compared to loss before taxes of $7,135,000 a year ago. Net income attributable to the company was $13,313,000 or $0.94 diluted per share compared to net loss of $3,700,000 or $0.27 basic and diluted per share a year ago. The company's results for the fourth quarter of 2013 were significantly impacted by gross performance (or incentive) fees of $33.3 million before internal and external expenses earned from the company's participation in hedge funds in its asset management business. For the year, the company reported revenue of $1,019,714,000 compared to $952,612,000 a year ago. Income before income taxes was $43,909,000 compared to loss before taxes of $527,000 a year ago. Net income attributable to the company was $25,061,000 or $1.77 diluted per share compared to net loss of $3,613,000 or $0.27 basic and diluted per share a year ago.

 

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Industry Analysis

OPY

Industry Average

Valuation OPY Industry Range
Price/Earnings 15.1x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 14.5x
TEV/Sales NM Not Meaningful
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