Oppenheimer Holdings Inc. shares reached a record $123.45 on Friday, extending a year-to-date gain of 67% as the mid-cap brokerage's institutional derivatives business expanded with new hires from Guggenheim Securities.
The New York-based firm's market capitalization stood at $1.32 billion, while its trailing price-to-earnings ratio was 13.5, reflecting a valuation aligned with recent earnings performance. The stock's 71.4% total return over the past 12 months underscores a period of sustained outperformance relative to broader market benchmarks.
Oppenheimer & Co. Inc., the firm's primary operating subsidiary, added eight derivatives professionals from Guggenheim Securities to bolster its institutional derivatives unit. The new team includes Ed Boll, who will lead derivatives strategy, alongside Steve Ahn, Matthew Shaffer, Steven Weingroff, Nick Colucci, Julia Marcus, Jia Li, and William Visconto, who will focus on derivatives sales, trading, strategy, and technology.
The company has maintained dividend payments for 34 consecutive years, according to data tracked by InvestingPro, reinforcing its reputation for steady capital returns to shareholders. Shares last traded at $123.66, slightly above the intraday record set earlier in the session.
