Oppenheimer (NYSE:OPY) Releases Earnings Results

Key Points

• Oppenheimer reported quarterly revenue of $445.1 million but posted a net loss of $20.6 million (‑$1.93/share), a profitability miss that drove the stock decline.
• Shares fell about 7.2% to $106.23 on heavy volume, while third‑party data flagged ~ $190M cash used in operations, only ~ $34.6M cash on hand and rising liabilities, raising near‑term liquidity concerns.
• Institutional investors (e.g., Millennium, State Street) added positions and some analysts upgraded ratings—OPY’s consensus remains an average “Buy”—but insider selling and increased short interest amplify downside risk.

Oppenheimer (NYSE:OPY - Get Free Report) released its earnings results on Friday. The financial services provider reported $4.21 EPS for the quarter, Zacks reports. The firm had revenue of $445.10 million for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.

Oppenheimer Trading Down 7.2%

NYSE:OPY traded down $8.25 during mid-day trading on Friday, reaching $106.23. The company's stock had a trading volume of 155,574 shares, compared to its average volume of 58,786. Oppenheimer has a 12-month low of $59.54 and a 12-month high of $118.77. The firm's fifty day moving average price is $95.11 and its two-hundred day moving average price is $81.36. The stock has a market cap of $1.14 billion, a P/E ratio of 8.15 and a beta of 1.14.

Oppenheimer News Summary

Here are the key news stories impacting Oppenheimer this week:

• Positive Sentiment: Top-line growth — Revenue rose to $445.1 million (year‑over‑year increase reported by the company), demonstrating business momentum despite the profitability miss. PR Newswire: Q1 2026 Earnings
• Positive Sentiment: Institutional interest — Several large funds added shares in Q4 2025 (e.g., Millennium Management, State Street), which suggests some investor confidence in the franchise and could provide support over time. QuiverQuant: Institutional Moves
• Neutral Sentiment: Analyst/activity mentions — Oppenheimer the firm remains active as an analyst/underwriter (coverage notes and industry lists), which is background business but not a direct short‑term driver of OPY’s price. InsiderMonkey: Analyst Activity
• Negative Sentiment: Profitability miss — The firm reported a net loss of $20.6 million, or $(1.93) per share, versus net income a year earlier; that earnings swing is the primary near‑term catalyst for the stock decline. PR Newswire: Q1 2026 Earnings
• Negative Sentiment: Cash flow and liquidity concerns — Third‑party data highlighted large cash used in operations (about $190M) and relatively low cash on hand (~$34.6M), plus rising total liabilities — factors that can worry investors about near‑term financial flexibility. QuiverQuant: Financial Details
• Negative Sentiment: Market signals increasing pressure — An insider sale was reported and short interest has risen materially, which can magnify downward moves on weak results and volume spikes. QuiverQuant: Insider Trade AmericanBankingNews: Short Interest

Analysts Set New Price Targets

OPY has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Oppenheimer from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 7th. Cantor Fitzgerald cut shares of Oppenheimer to a "buy" rating in a report on Wednesday, January 7th. Finally, Weiss Ratings upgraded shares of Oppenheimer from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Oppenheimer presently has an average rating of "Buy".

Insider Activity

In other news, insider Dennis P. Mcnamara sold 4,673 shares of Oppenheimer stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $90.67, for a total value of $423,700.91. Following the completion of the sale, the insider directly owned 20,177 shares in the company, valued at $1,829,448.59. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 34.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oppenheimer

A number of large investors have recently added to or reduced their stakes in OPY. Millennium Management LLC lifted its holdings in shares of Oppenheimer by 56.6% during the 4th quarter. Millennium Management LLC now owns 114,737 shares of the financial services provider's stock valued at $8,294,000 after buying an additional 41,485 shares during the period. State Street Corp increased its position in Oppenheimer by 109.6% during the fourth quarter. State Street Corp now owns 67,421 shares of the financial services provider's stock valued at $4,941,000 after acquiring an additional 35,250 shares during the last quarter. Marshall Wace LLP bought a new position in Oppenheimer in the second quarter valued at about $2,016,000. Algert Global LLC boosted its position in Oppenheimer by 726.5% in the third quarter. Algert Global LLC now owns 33,779 shares of the financial services provider's stock worth $2,497,000 after purchasing an additional 29,692 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Oppenheimer by 146.4% in the second quarter. JPMorgan Chase & Co. now owns 44,842 shares of the financial services provider's stock worth $2,949,000 after purchasing an additional 26,643 shares during the last quarter. Institutional investors own 32.26% of the company's stock.

Oppenheimer Company Profile

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.

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