Oppenheimer Holdings Business Operations and Governance

Oppenheimer Holdings is a leading financial services company with a strong presence in the US and internationally. The company has a robust business operations and governance structure in place.

The company's operations are overseen by a board of directors, which includes experienced professionals with a deep understanding of the financial industry. Oppenheimer Holdings' governance structure is designed to ensure that the company operates with transparency and accountability.

Oppenheimer Holdings has a network of offices and branches across the US and internationally, providing a wide range of financial services to its clients.

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Oppenheimer Holdings has reported significant revenue in its recent financial statements. The company's revenue for the trailing 12-month period (ttm) stands at $1.37 billion.

Revenue per share for the same period is $132.16, indicating a substantial return on investment for shareholders.

The company's gross profit margin is an impressive 98.05%, which is a testament to its efficient operations and cost management.

Here's a breakdown of Oppenheimer Holdings' profitability metrics:

The company's net income available to common shareholders is $71.93 million, indicating a solid financial performance.

Oppenheimer Holdings has a market capitalization of $693.13M, which is a significant indicator of its overall value.

The company's enterprise value is $1.96B, a substantial amount that reflects its financial situation.

Its Price to Earnings Ratio (ttm) is 10.80, which suggests that investors are willing to pay a premium for the company's earnings.

The Price to Sales (ttm) ratio is not explicitly stated, but we can see that the Price to Book (mrq) ratio is 0.85, which might indicate that the company's stock is undervalued compared to its book value.

Looking at the institutional shareholders, we can see that some of the largest holders include Alan W. Weber's Investment Management with 4.93% of the shares, and Dimensional Fund Advisors LP with 4.72%.

Here's a breakdown of the institutional shareholders' shares and percentage held:

Some institutional shareholders have been buying more shares, such as American Century Investment Management, Inc. and Morgan Stanley & Co. LLC, while others have been selling their shares, like AQR Capital Management LLC and Norges Bank Investment Management.

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Oppenheimer Holdings has been in the news for changes in its leadership. In February 2025, the company announced changes to its President and CEO positions.

The company's stock prices have fluctuated over the past few months. As of February 27, 2025, the stock price was $65.38, a 1% increase from January 1, 2025.

Here's a breakdown of the company's stock performance over the past few months:

The company has also made announcements about its equity buyback plan and earnings results.

Oppenheimer Holdings Inc. and Oppenheimer & Co. Inc. have made recent announcements regarding changes in their leadership. On February 27, the company announced changes to their President, and on the same day, they also announced changes to their CEO.

The company's stock performance has been fluctuating over the past few days. As of February 27, the stock closed at $65.38, with a 5-day change of -0.35%. In comparison, on January 31, the stock closed at $67.00, with a 5-day change of +0.28%.

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Here's a snapshot of the company's stock performance over the past few days:

The company has also made announcements regarding their earnings and equity buyback plans. On January 31, Oppenheimer Holdings Inc. reported their earnings results for the fourth quarter ended December 31, 2024.

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CIBC made a significant move in 1997 by acquiring Oppenheimer Holdings for $525 million. This acquisition included paying over $175 million in the following three years to retain the loyalty of key Oppenheimer executives.

The deal allowed CIBC to rename the firm CIBC Oppenheimer Holdings. However, in 2003, CIBC decided to sell Oppenheimer's retail brokerage business and name for $257 million.

Edward A. Viner Holdings, a Toronto-based company, acquired Fahnestock for $7.3 million, with Albert “Bud” Lowenthal at the helm.

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Oppenheimer Holdings has a strong regulatory and governance framework in place. This framework ensures that the company operates in compliance with all applicable laws and regulations.

The company's board of directors is composed of experienced professionals who provide oversight and guidance to management. This includes a chairman of the board, a lead independent director, and a number of independent directors.

As a result of its robust governance practices, Oppenheimer Holdings has been recognized for its commitment to corporate governance.

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In January 2015, Oppenheimer & Co. paid a significant fine of $20 million in civil settlements with U.S. regulators.

The settlement was a result of allegations that the group had improperly sold penny stocks, which can be a high-risk investment.

Oppenheimer & Co. was also accused of not taking adequate steps to fight money laundering, a serious financial crime.

Regulators play a crucial role in protecting investors and maintaining fair markets, as seen in this case.

The $20 million fine is a significant amount, and it highlights the importance of compliance with regulatory requirements.

It's essential for companies to prioritize integrity and transparency in their business practices to avoid such consequences.

In the world of business, having the right people in charge is crucial. Albert Lowenthal has been the CEO of Oppenheimer Holdings Inc. since 1984.

The company has a strong leadership team, with Brad M. Watkins serving as the Director of Finance/CFO since July 31, 2022. He's a young and ambitious professional, aged 43.

Robert Lowenthal holds the position of President, and he's been with the company since November 29, 2021. He's 48 years old, which suggests he's a seasoned professional.

The company's Chairman is also Albert Lowenthal, who has been in this role since December 31, 1984. He's a long-time member of the team.

Here are the key people in Oppenheimer Holdings Inc.'s leadership team:

Paul Friedman has been a Director/Board Member since July 6, 2015, and he's 70 years old.

Oppenheimer Holdings has been making headlines with its recent announcements. The company's Q4 earnings snapshot was released on January 31.

Oppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2024 Earnings on the same day, marking a notable event in the company's financial calendar. This report provides valuable insights into the company's performance and growth.

Craig Schneider joined Oppenheimer as Regional Director of Michigan in December 2024, bringing his expertise to the team. This strategic move is expected to boost the company's presence in the region.

Oppenheimer partnered with Pontera to empower holistic wealth management that incorporates clients' 401(k)s in November 2024. This innovative partnership aims to provide clients with comprehensive financial solutions.

Here are some of the key announcements made by Oppenheimer Holdings in 2024:

These announcements demonstrate Oppenheimer Holdings' commitment to growth, innovation, and client satisfaction.

Oppenheimer Holdings was founded in 1950 by a partnership that acted as a broker-dealer and managed related financial services for large institutional clients. The firm's origins date back to 1881.

The company was originally named Oppenheimer & Company, after Max E. Oppenheimer, a Jewish refugee from the Nazis who advised the Synagogue Council of America. He worked at various financial institutions, including a Bay Area savings and loan association and Lehman Brothers.

In 1975, Oppenheimer & Co. re-configured its operations and formed three operating subsidiaries: Oppenheimer & Co. Inc., a retail brokerage firm; Oppenheimer Capital Corporation, an institutional investment manager; and Oppenheimer Management Corp.

Here are the three operating subsidiaries formed by Oppenheimer & Co. in 1975:

In the 1980s, the firm's founding partners began looking for a buyer, and Mercantile House Holdings, PLC, a publicly owned British corporation, made an offer in 1982, which was accepted and closed a year later.

Oppenheimer Holdings has a significant presence in the Americas, with sales reaching $1.2 billion in 2023, up from $1.06 billion in 2022.

The company's sales in the Americas have consistently increased over the years, with a notable jump from $998 million in 2019 to $1.15 billion in 2020.

In contrast, Oppenheimer Holdings' sales in Asia have been declining, from $3.44 million in 2019 to $2.78 million in 2023.

Here's a breakdown of Oppenheimer Holdings' sales by region:

Sales by activity is a crucial aspect of Oppenheimer Holdings Inc.'s financial performance. The company's sales have been steadily increasing over the years, with a notable surge in 2023.

In 2023, private client sales reached a record high of $802 million, a significant increase from the previous year's $676 million. This growth indicates a strong demand for the company's services among high net worth individuals.

The capital markets segment has also seen a notable increase in sales, reaching $346 million in 2023. This is a substantial jump from the $338 million reported in 2022.

Asset management sales, on the other hand, have been relatively stable, with a slight decrease from $99.24 million in 2022 to $88.43 million in 2023.

Corporate/Other sales have experienced a significant turnaround, jumping to $12.74 million in 2023 after several years of negative or low sales figures.

Here's a breakdown of the sales by activity for Oppenheimer Holdings Inc. in millions:

The Americas have been a strong market for Oppenheimer Holdings Inc., with sales increasing from $998M in 2019 to $1.2B in 2023.

In 2019, the Americas accounted for the majority of the company's sales, with a significant lead over the next closest region.

Sales in the Americas have consistently been the highest among all regions, with a notable increase in 2020 to $1.15B.

The company's sales in Europe/Middle East have fluctuated over the years, ranging from $31.6M in 2019 to $46.49M in 2023.

Asia has been a smaller market for Oppenheimer Holdings Inc., with sales decreasing from $5.67M in 2021 to $2.78M in 2023.

Here's a breakdown of the company's sales by region over the years:

Oppenheimer Holdings is facing some financial challenges, as evident from its cash flow and balance sheet. The company's total cash stands at $1.30 billion.

Its debt-to-equity ratio is a whopping 154.98%, indicating a significant amount of debt relative to its equity. This might be a cause for concern for potential investors.

The current ratio and quick ratio, which are measures of a company's liquidity, aren't mentioned in the provided data, but we do know that the company's book value per share is $81.10.

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Understanding Cash Flow is crucial for any investor or business owner. Cash Flow is the movement of money into and out of a company, and it's essential to track it to make informed decisions.

Let's take a look at the cash flow of Oppenheimer Holdings Inc., as reported in their financial statements. According to the data, the company's operating cash flow per share for the year to date is a negative $16.22.

This is a significant red flag, as it indicates that the company is struggling to generate cash from its operations. On the other hand, the free cash flow for the year to date is -$184.77 million, which is a substantial amount of money.

To put these numbers into perspective, let's compare them to the company's net income available to common shareholders, which is $71.93 million. This means that the company is generating a significant amount of income, but it's not enough to cover its cash outflows.

Here's a summary of the cash flow data:

The balance sheet is a snapshot of a company's financial health at a particular point in time. It's a crucial tool for investors and business owners to understand the company's financial situation.

Total cash on hand is a key indicator of a company's liquidity, and in this case, it's a substantial $1.30 billion. This amount can be used to cover short-term expenses or invest in new opportunities.

The total debt of $1.30 billion is a significant portion of the company's financial obligations. This debt can impact the company's ability to borrow money in the future or take on new projects.

The total debt to equity ratio is a staggering 154.98%, indicating that the company's debt is significantly higher than its equity. This can be a red flag for investors and business owners.

The current ratio is a measure of a company's ability to pay its short-term debts, and in this case, it's a relatively low number. This can indicate that the company may struggle to meet its short-term financial obligations.

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The quick ratio is another measure of a company's liquidity, and it's calculated by subtracting inventory from current assets. Unfortunately, this number is not provided in the given data.

The book value per share is a measure of a company's net worth, and in this case, it's a relatively low $81.10. This can indicate that the company's stock price may be undervalued.