Oppenheimer Holdings Inc. stock reached an all-time high of $123.45 on Friday, extending a surge that has delivered a 71.4% total return over the past 12 months. The shares last traded at $123.66, valuing the company at $1.32 billion.
The advance follows Oppenheimer & Co. Inc.’s expansion of its Institutional Derivatives business, which added seven senior professionals from Guggenheim Securities. The new hires include Ed Boll as head of derivatives strategy, Steve Ahn for derivatives strategy and idea generation, and Matthew Shaffer and Steven Weingroff in derivatives sales and trading. The team also includes Matthew Shaffer, Steven Weingroff, Nick Colucci, Julia Marcus, Jia Li, and external advisor William Visconto.
Oppenheimer has maintained dividend payments for 34 consecutive years, reinforcing its profile as a financially stable firm. The company’s price-to-earnings ratio stands at 13.5, a level InvestingPro analysis cited in the report describes as undervalued. Year-to-date gains for the stock have reached 67%, outpacing broader market benchmarks.
