OPPENHEIMER HOLDINGS INC
OPY · Security Brokers, Dealers & Flotation Companies · 11.6M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $18M (gross $35M, SBC $17M)
Reference price $90.67 · est. market cap ~$1.1B — last insider sale, 2026-03-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Mid-market full-service broker-dealer with a strong earnings rebound but only mid-pack sector returns and thin liquidity.
Strengths
- Net income more than doubled (+107%, 92nd pct); ROA 3.99% (76th pct) and absolute ROE ~15%
- Growing wealth-management base ($55B AUM, $143B AUA) with diversified fee income
Risks
- ROE and net margin only mid-pack within the sector (46th and 42nd pct); low cash/investments (14th pct)
- Revenue down ~5.8%; earnings sensitive to markets, rate-driven sweep income, and concentrated trading positions
Notable findings
- Buying back stockNet buyback — share count -4%/yr over 4y
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$423,701, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
12.9%
Net margin
9.1%
Return on equity
15.1%
Return on assets
4.0%
Revenue growth (QoQ)
-5.8%
Net-income growth
107.4%
Free cash flow
$184M
EBITDA
$222M
Tangible book value
$805M
Cash & investments
$38M
Stock comp / revenue
2.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-02 | McNAMARA DENNIS P | Sell | 4.7K | $90.67 |
| 2026-02-26 | ROTH R LAWRENCE | Other | 1.4K | — |
| 2026-02-26 | Spaulding Suzanne | Other | 1.4K | — |
| 2026-02-26 | Dwyer Timothy Martin | Other | 1.4K | — |
| 2026-02-26 | BEHRENS EVAN | Other | 1.4K | — |
| 2026-02-26 | Kanter Stacy J. | Other | 1.4K | — |
| 2026-02-26 | Friedman Paul M | Other | 1.4K | — |
| 2026-02-26 | Glasser Teresa | Other | 1.4K | — |
| 2026-01-28 | Lowenthal Robert S | Other | 36K | — |
| 2026-01-28 | LOWENTHAL ALBERT G | Other | 56K | — |
| 2026-01-28 | McNAMARA DENNIS P | Other | 3.1K | — |
| 2025-09-22 | Spaulding Suzanne | Other | 3.0K | — |
| 2025-08-05 | McNAMARA DENNIS P | Sell | 2.0K | $73.81 |
| 2025-06-10 | Friedman Paul M | Sell | 3.5K | $63.31 |
| 2025-06-09 | Friedman Paul M | Sell | 3.5K | $63.32 |
| 2025-06-06 | Friedman Paul M | Sell | 3.0K | $63.11 |
| 2025-01-30 | Spaulding Suzanne | Other | 1.5K | — |
| 2025-01-30 | Kanter Stacy J. | Other | 1.5K | — |
| 2025-01-30 | Glasser Teresa | Other | 1.5K | — |
| 2025-01-30 | Friedman Paul M | Other | 1.5K | — |
| 2025-01-30 | BEHRENS EVAN | Other | 1.5K | — |
| 2025-01-30 | Dwyer Timothy Martin | Other | 1.5K | — |
| 2025-01-30 | ROTH R LAWRENCE | Other | 1.5K | — |
| 2025-01-28 | Lowenthal Robert S | Other | 19K | — |
| 2025-01-28 | McNAMARA DENNIS P | Other | 3.1K | — |
| 2025-01-28 | LOWENTHAL ALBERT G | Other | 40K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-05 | 2026-05-04 | 0001628280-26-030194 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001628280-26-029540 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001628280-26-029115 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001628280-26-029113 ↗ |
| 8-K | 2026-04-27 | 2026-04-24 | 0001628280-26-027280 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001628280-26-012313 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001628280-26-004480 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0001628280-26-004298 ↗ |
| 8-K | 2025-12-12 | 2025-12-11 | 0001628280-25-056657 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0001628280-25-048003 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0001628280-25-047686 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001628280-25-047684 ↗ |