Oppenheimer (NYSE:OPY – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings raised Oppenheimer from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Oppenheimer has an average rating of “Buy”.
Oppenheimer Price Performance
Shares of NYSE OPY opened at $85.96 on Friday. The company has a market capitalization of $920.46 million, a P/E ratio of 9.70 and a beta of 1.10. The company has a 50 day simple moving average of $113.84 and a 200-day simple moving average of $102.29. Oppenheimer has a 1 year low of $63.81 and a 1 year high of $125.88.
Oppenheimer (NYSE:OPY – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.81 EPS for the quarter. The firm had revenue of $382.00 million for the quarter. Oppenheimer had a return on equity of 19.51% and a net margin of 5.72%.
Institutional Trading of Oppenheimer
Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Oppenheimer by 1.5% in the first 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Oppenheimer by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 72,035 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 5,971 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Oppenheimer by 48.6% in the 1st quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider’s stock valued at $4,109,000 after buying an additional 15,073 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Oppenheimer by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 22,800 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 400 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Oppenheimer by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,886 shares of the financial services provider’s stock worth $1,684,000 after acquiring an additional 1,701 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.
Oppenheimer News Summary
Here are the key news stories impacting Oppenheimer this week:
- Positive Sentiment: Assets under management reached a record $59.6 billion, while assets under administration totaled $153.7 billion. Stockholders’ equity also reached a record $991.1 million, supporting the firm’s long-term wealth-management franchise. Oppenheimer Holdings Reports Third Quarter 2026 Earnings
- Positive Sentiment: Wealth Management revenue increased 2.5% to $266.2 million, partially offsetting weakness in other operations. The company also maintained its quarterly dividend at $0.20 per share, payable November 27 to shareholders of record November 13. Oppenheimer Reports Third-Quarter and Nine-Month Results
- Neutral Sentiment: Oppenheimer reported adjusted earnings of $1.81 per share, but the headline adjusted figure differs substantially from GAAP results because of compensation-related costs. Investors are likely to focus on the quality and sustainability of earnings.
- Negative Sentiment: Third-quarter revenue fell 10.0% year over year to $382.0 million, while GAAP net income plunged to $5.5 million, or $0.47 diluted EPS, from $21.7 million, or $2.06 per share, a year earlier. Oppenheimer Reports Revenue as Net Income Falls
- Negative Sentiment: A $21.0 million pretax expense tied to the long-term financial-advisor incentive compensation program significantly reduced reported earnings. Capital Markets revenue also declined 29.7% to $114.0 million, highlighting cyclical pressure in investment banking and trading. Oppenheimer Stock Faces Earnings Pressure
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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