Oppenheimer Holdings Inc. (OPY) AI Stock Analysis

Established in 1881 and based in New York, Oppenheimer Holdings Inc. operates as a middle-market investment bank and full-service broker-dealer across the Americas, Europe, the Middle East, and Asia. The firm delivers brokerage services covering equities, debt securities, options, futures, municipal bonds, mutual funds, and ETFs. Its asset management business provides separately managed accounts, alternative investments, and advisory solutions. In addition, the company offers investment banking capabilities, including strategic advisory, M&A solutions, and capital markets financing to corporate, institutional, government, and high-net-worth clients.

Oppenheimer's revenue grew at a 5-year CAGR of 6.4% from FY2020 to FY2025. After revenue fell 20.3% in FY2022 to $1.11B, it rebounded to $1.25B in FY2023, $1.43B in FY2024, and $1.64B in FY2025. Gross margin expanded from 34.8% in FY2021 to 51.1% in FY2025, while operating margin was 22.4% in FY2025. Net income increased from $30.2M in FY2023 and $71.6M in FY2024 to $148.4M in FY2025, lifting EPS to $13.02. Over the trailing twelve months, revenue reached $1.72B with an operating margin of 17.6%. For the latest quarter ended June 30, 2026, quarterly revenue and earnings grew 24.1% and 24.6% year-over-year, respectively.

As of June 30, 2026, Oppenheimer held $38.5M in cash and short-term investments against total debt of $891.7M, resulting in net debt of $853.2M. Shareholders' equity stood at $983.4M, with a debt-to-equity ratio of 0.91 and a current ratio of 4.58. In FY2025, operating cash flow was $188.8M and free cash flow reached $183.6M. Capital allocation in FY2025 included $5.2M in capital expenditures, $7.6M in dividends paid, and $3.0M used for share buybacks.

At a last close of $100.53, Oppenheimer has a market cap of $1.08B and an enterprise value of $2.09B. Its trailing P/E of 11.2x sits below the 12.1x median of its US-listed Financial Services peers, while its forward P/E matches the peer median of 10.8x. The stock trades at 0.6x price-to-sales and an EV/EBITDA of 7.8x, compared to peer medians of 3.2x and 11.7x, respectively. Over the past year, OPY returned 54.8%, outperforming the S&P 500's 16.8%, and gained 119.7% over 5 years against 83.0% for the index.

Oppenheimer pays a forward annual dividend of $0.80 per share, delivering a dividend yield of 0.80% with a payout ratio of 15.1%. The dividend is paid quarterly and has been distributed for 34 consecutive years, reflecting a 5-year annualized dividend growth rate of 3.1%. The company's last ex-dividend date occurred on August 14, 2026.

The analyst mean price target for Oppenheimer is $37.00, which sits 63.2% below its last close of $100.53. In the latest quarter ended June 30, 2026, the company posted quarterly earnings growth of 24.6% year-over-year and trailing twelve-month EPS of $9.01. Its next earnings date is scheduled for October 30, 2026.

This page is an AI-written research summary of Oppenheimer Holdings Inc. (OPY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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