Reading the tape
NYSE: OPY
Oppenheimer Holdings Inc.
Financial Services · Financial - Capital Markets
Market Cap
$1.21B
52w High
$118.77
52w Low
$59.55
P/E
8.10
Volume
73.37K
Outstanding Shares
10.61M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 94%Revenue (TTM): 14.35%FCF (TTM): 154.04%P/FCF: 79th pct
What changed
The stock rose 94% over the last year. Revenue grew 14.35% over the trailing twelve months. Operating margin moved from 21.28% to 23.66%. Free cash flow grew 154.04% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (79th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 23.66% — continued expansion would be needed to justify the premium. Revenue growth of 14.35% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia.
CEORobert Steven Lowenthal
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees2,974
IPO dateOct 6, 1982
Valuation
Forward P/E—
EV/EBITDA4.86
Enterprise value$1.35B
Price / Book1.23
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth25.89%
Gross margin52.12%▲56.55%vs FY2024
Operating margin23.66%▲5.43%vs FY2024
ROE15.08%▲79.26%vs FY2024
Analyst consensus
RatingBuy
Target price$200.00▲74.70%
2
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est — · Revenue est —
View
Dividends
$1.54/shareQuarterly3yr growth streakSafeOPY pays a dividend with a 1.35% dividend yield, 3 consecutive years of growth, growing at 3.05% annually, covered 24.2× by free cash flow.
Dividend Yield
1.35%
Annual Div / Share
$1.54
TTM $1.72
5yr CAGR
+3.05%
Doubles every ~23.1yr
Payout Ratio
5.1%
Safe
Dividend Growth Rate
3yr CAGR
+42.06%
5yr CAGR
+3.05%
10yr CAGR
+14.61%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$1.72+160.6%
2024$0.66+10.0%
2023$0.60+0.0%
2022$0.60-61.0%
2021$1.54+4.1%
2020$1.48+221.7%
2019$0.46+4.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$13/yr
$1/mo
In 5 yrs
$16/yr+16%
$1/mo
In 10 yrs
$18/yr+35%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$13/yr $1/mo | $16/yr+16% $1/mo | $18/yr+35% $2/mo |
Yield-on-cost grows from 1.35% → 1.82% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 24.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.