Oppenheimer (NYSE:OPY – Get Free Report) announced its earnings results on Friday. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, FiscalAI reports. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%. The company had revenue of $382.00 million during the quarter.
Oppenheimer Stock Down 20.4%
Shares of OPY stock opened at $85.96 on Friday. The stock has a fifty day moving average of $113.84 and a 200 day moving average of $102.29. Oppenheimer has a 52 week low of $63.81 and a 52 week high of $125.88. The firm has a market capitalization of $920.46 million, a price-to-earnings ratio of 9.70 and a beta of 1.10.
Oppenheimer News Roundup
Here are the key news stories impacting Oppenheimer this week:
- Positive Sentiment: Assets under management rose to a record $59.6 billion, while assets under administration reached $153.7 billion. Stockholders’ equity also hit a record $991.1 million, indicating continued balance-sheet and client-asset growth. Oppenheimer Holdings Inc. Reports Third Quarter 2026 Earnings
- Positive Sentiment: Wealth Management revenue increased 2.5% to $266.2 million, and the company declared its regular $0.20-per-share quarterly dividend, payable November 27 to shareholders of record November 13. Oppenheimer Reports $382 Million Third-Quarter Revenue as Net Income Falls
- Negative Sentiment: Third-quarter revenue fell 10.0% to $382.0 million from $424.4 million a year earlier. GAAP net income plunged to $5.5 million, or $0.47 diluted EPS, from $21.7 million, or $2.06 per share. Results included a $21.0 million pretax expense for the long-term financial-advisor incentive compensation program. Oppenheimer Q3 Adjusted Earnings, Revenue Fall
- Negative Sentiment: Capital Markets revenue dropped 29.7% to $114.0 million, highlighting weaker investment-banking and market-related activity. Adjusted EPS was reported at $1.81, but the substantial gap between adjusted and GAAP earnings may concern investors focused on underlying profitability. Oppenheimer’s Q3 Earnings Slide on Incentive Costs Despite Record Client Assets
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Oppenheimer by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 497,033 shares of the financial services provider’s stock valued at $44,329,000 after purchasing an additional 7,384 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Oppenheimer by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 5,971 shares in the last quarter. Empowered Funds LLC raised its stake in Oppenheimer by 48.6% in the first quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock worth $4,109,000 after buying an additional 15,073 shares in the last quarter. Renaissance Technologies LLC raised its stake in Oppenheimer by 1.8% in the first quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock worth $2,034,000 after buying an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Oppenheimer by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 18,886 shares of the financial services provider’s stock worth $1,684,000 after buying an additional 1,701 shares during the period. 32.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on OPY shares. Wall Street Zen cut Oppenheimer from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Oppenheimer currently has an average rating of “Buy”.
Read Our Latest Analysis on OPY
About Oppenheimer
Oppenheimer Holdings Inc is a diversified financial services company that operates primarily through its subsidiaries, including Oppenheimer & Co Inc and Oppenheimer Asset Management Inc The company provides investment banking, securities brokerage, wealth management and asset management services to individual investors, businesses, institutional clients and government entities.
Its investment banking activities include public and private securities offerings, mergers and acquisitions advisory services, financial restructuring and municipal finance.
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