Oppenheimer (NYSE:OPY) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Oppenheimer to “Hold” from “Buy,” although two analysts still rate the stock a Buy and MarketBeat lists a consensus Buy rating.
• Oppenheimer reported quarterly revenue of $382.0 million, down 10% year over year, while GAAP net income fell sharply to $5.5 million, or $0.47 per diluted share. A $21.0 million pretax advisor-compensation expense and a 29.7% decline in Capital Markets revenue weighed on results.
• Despite earnings pressure, wealth-management revenue rose 2.5% to $266.2 million, assets under management reached a record $59.6 billion, and the company maintained its $0.20 quarterly dividend. Institutional investors own approximately 32.26% of the stock.

Oppenheimer (NYSE:OPY - Get Free Report) was downgraded by analysts 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 upgraded Oppenheimer from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Oppenheimer presently has a consensus rating of "Buy".

Oppenheimer Stock Down 20.4%

Shares of NYSE OPY opened at $85.96 on Friday. Oppenheimer has a 52 week low of $63.81 and a 52 week high of $125.88. The business's 50 day moving average price is $113.84 and its 200 day moving average price is $102.29. The firm has a market cap of $920.46 million, a P/E ratio of 9.70 and a beta of 1.10.

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 business had revenue of $382.00 million for the quarter. Oppenheimer had a net margin of 5.72% and a return on equity of 19.51%.

Hedge Funds Weigh In On Oppenheimer

A number of hedge funds have recently bought and sold shares of OPY. Lazard Asset Management LLC acquired a new stake in Oppenheimer in the 1st quarter valued at $1,590,000. Empowered Funds LLC lifted its stake in Oppenheimer by 48.6% in the 1st quarter. Empowered Funds LLC now owns 46,066 shares of the financial services provider's stock worth $4,109,000 after purchasing an additional 15,073 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $44,329,000 after purchasing an additional 7,384 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Oppenheimer by 208.5% during the 2nd quarter. Engineers Gate Manager LP now owns 10,026 shares of the financial services provider's stock worth $1,058,000 after purchasing an additional 6,776 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Oppenheimer by 57.9% in the first quarter. Sei Investments Co. now owns 12,532 shares of the financial services provider's stock valued at $1,118,000 after purchasing an additional 4,593 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company's stock.

Oppenheimer News Roundup

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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