Oppenheimer (OPY)
Market Price (1/20/2026): $81.8 | Market Cap: $860.5 MilSector: Financials | Industry: Diversified Capital Markets
Oppenheimer (OPY)
Market Price (1/20/2026): $81.8Market Cap: $860.5 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 9.2% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79% |
| Low stock price volatilityVol 12M is 31% | Key risksOPY key risks include [1] a documented history of regulatory and legal scrutiny and [2] volatile cash flow combined with notable financial leverage. | |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 9.2% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 79% |
| Key risksOPY key risks include [1] a documented history of regulatory and legal scrutiny and [2] volatile cash flow combined with notable financial leverage. |
Why The Stock Moved
Qualitative Assessment
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1. Strong Third Quarter 2025 Earnings: Oppenheimer reported a 13.7% year-over-year increase in revenue for the third quarter of 2025, reaching $424.4 million. This growth was primarily fueled by robust equity underwriting, higher commissions, and elevated advisory fees, resulting from record assets under management and administration. The Capital Markets segment notably surged by 30.7%.
2. Declaration of a Special Dividend: On December 12, 2025, Oppenheimer Holdings Inc. announced a special cash dividend of $1.00 per share, payable on January 9, 2026. This significant declaration, totaling approximately $10.5 million, served to acknowledge the year's positive operating results and the firm's improved financial standing, thereby rewarding shareholder loyalty.
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Stock Movement Drivers
Fundamental Drivers
The 19.5% change in OPY stock from 10/31/2025 to 1/19/2026 was primarily driven by a 19.5% change in the company's P/E Multiple.| 10312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 68.66 | 82.07 | 19.53% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1540.86 | 1540.86 | 0.00% |
| Net Income Margin (%) | 5.50% | 5.50% | 0.00% |
| P/E Multiple | 8.52 | 10.18 | 19.53% |
| Shares Outstanding (Mil) | 10.52 | 10.52 | 0.00% |
| Cumulative Contribution | 19.53% |
Market Drivers
10/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| OPY | 19.5% | |
| Market (SPY) | 1.4% | 37.2% |
| Sector (XLF) | 4.0% | 51.9% |
Fundamental Drivers
The 10.3% change in OPY stock from 7/31/2025 to 1/19/2026 was primarily driven by a 6.5% change in the company's Total Revenues ($ Mil).| 7312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 74.43 | 82.07 | 10.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1447.18 | 1540.86 | 6.47% |
| Net Income Margin (%) | 5.26% | 5.50% | 4.54% |
| P/E Multiple | 10.23 | 10.18 | -0.43% |
| Shares Outstanding (Mil) | 10.47 | 10.52 | -0.52% |
| Cumulative Contribution | 10.26% |
Market Drivers
7/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| OPY | 10.3% | |
| Market (SPY) | 9.7% | 41.9% |
| Sector (XLF) | 4.3% | 62.7% |
Fundamental Drivers
The 22.2% change in OPY stock from 1/31/2025 to 1/19/2026 was primarily driven by a 12.9% change in the company's Total Revenues ($ Mil).| 1312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 67.18 | 82.07 | 22.17% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1365.37 | 1540.86 | 12.85% |
| Net Income Margin (%) | 5.27% | 5.50% | 4.43% |
| P/E Multiple | 9.65 | 10.18 | 5.54% |
| Shares Outstanding (Mil) | 10.33 | 10.52 | -1.81% |
| Cumulative Contribution | 22.13% |
Market Drivers
1/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| OPY | 22.2% | |
| Market (SPY) | 15.9% | 61.4% |
| Sector (XLF) | 6.9% | 69.8% |
Fundamental Drivers
The 81.8% change in OPY stock from 1/31/2023 to 1/19/2026 was primarily driven by a 45.8% change in the company's P/E Multiple.| 1312023 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 45.13 | 82.07 | 81.84% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1162.48 | 1540.86 | 32.55% |
| Net Income Margin (%) | 6.27% | 5.50% | -12.19% |
| P/E Multiple | 6.98 | 10.18 | 45.83% |
| Shares Outstanding (Mil) | 11.27 | 10.52 | 6.66% |
| Cumulative Contribution | 81.03% |
Market Drivers
1/31/2023 to 1/19/2026| Return | Correlation | |
|---|---|---|
| OPY | 81.8% | |
| Market (SPY) | 76.5% | 46.8% |
| Sector (XLF) | 55.7% | 53.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OPY Return | 53% | -7% | -1% | 57% | 16% | 9% | 180% |
| Peers Return | 60% | -1% | 20% | 63% | 6% | 6% | 251% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| OPY Win Rate | 58% | 67% | 58% | 83% | 50% | 100% | |
| Peers Win Rate | 70% | 47% | 57% | 75% | 60% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| OPY Max Drawdown | -4% | -37% | -20% | -10% | -20% | 0% | |
| Peers Max Drawdown | -4% | -24% | -12% | -6% | -27% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SF, RJF, JEF, LPLA, PIPR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | OPY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.9% | -25.4% |
| % Gain to Breakeven | 91.9% | 34.1% |
| Time to Breakeven | 653 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.6% | -33.9% |
| % Gain to Breakeven | 90.7% | 51.3% |
| Time to Breakeven | 243 days | 148 days |
| 2018 Correction | ||
| % Loss | -29.8% | -19.8% |
| % Gain to Breakeven | 42.5% | 24.7% |
| Time to Breakeven | 767 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -87.9% | -56.8% |
| % Gain to Breakeven | 725.4% | 131.3% |
| Time to Breakeven | 5,617 days | 1,480 days |
Compare to SF, RJF, JEF, LPLA, PIPR
In The Past
Oppenheimer's stock fell -47.9% during the 2022 Inflation Shock from a high on 6/16/2021. A -47.9% loss requires a 91.9% gain to breakeven.
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An independent financial firm offering investment banking, brokerage, and wealth management, much like a smaller, standalone Merrill Lynch.
A full-service investment bank and wealth management firm, operating independently, similar to a focused, mid-sized Morgan Stanley.
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- Private Client Services: Provides financial planning, wealth management, and brokerage services to individual investors and families.
- Asset Management: Manages investment portfolios and funds for high-net-worth individuals, institutions, and Oppenheimer's own proprietary funds.
- Institutional Equities: Offers sales, trading, and research services for institutional clients in equity markets.
- Fixed Income: Provides sales, trading, and research services for institutional clients in the debt markets.
- Investment Banking: Delivers advisory services for mergers & acquisitions, capital raising (equity and debt), and corporate restructuring for corporations and institutions.
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Oppenheimer (symbol: OPY) is a diversified financial services firm providing a range of services including wealth management, investment banking, capital markets, and asset management. Given the breadth of its services, Oppenheimer serves a diverse client base that includes both individuals and various types of organizations and institutions. Identifying specific "major customer companies" is not applicable due to the transactional and confidential nature of much of its institutional business (like investment banking deals or capital markets trading). Therefore, it is most accurate to describe the categories of customers it serves. Here are the major categories of customers that Oppenheimer serves:- Affluent Individuals and Families: These clients are served through Oppenheimer's Wealth Management division, seeking comprehensive financial planning, investment management, brokerage services, and other advisory solutions to manage and grow their personal wealth.
- Institutional Investors: This category includes a wide range of organizations such as pension funds, endowments, foundations, mutual funds, hedge funds, and insurance companies. These clients engage Oppenheimer for equity and fixed income sales and trading, specialized research, and institutional asset management services.
- Corporations and Public Entities: Oppenheimer's Investment Banking division caters to corporations (both public and private, often in the middle-market segment) as well as government and municipal entities. Services provided include mergers and acquisitions advisory, debt and equity capital raising, and other corporate finance and public finance solutions.
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```htmlRobert S. Lowenthal, President and Chief Executive Officer
Robert S. Lowenthal became President of Oppenheimer Holdings Inc. in 2021 and assumed the role of Chief Executive Officer in May 2025, succeeding his father, Albert G. Lowenthal. He joined Oppenheimer in 1999 and has held various leadership positions within the firm, including Global Head of Fixed Income and Head of Investment Banking. He is responsible for driving the firm's growth through digital transformation, talent acquisition, culture development, and the creation of new revenue streams across wealth management, investment banking, and capital markets. Prior to joining Oppenheimer, he held leadership roles at CIBC and Chase Manhattan Bank. He holds a BSBA from Washington University in St. Louis and an MBA from Columbia Business School.
Albert G. Lowenthal, Chairman of the Board
Albert G. Lowenthal has served as Chairman of the Board of Oppenheimer Holdings Inc. since 1985 and was CEO from 1985 until May 2025. His career in the securities industry began in 1967. He started at Cowen & Co. in 1967, becoming Managing Partner within three years, and remained there until 1985. Under his leadership, Oppenheimer significantly expanded through strategic acquisitions and organic growth, increasing stockholders' equity from $5 million to $872.3 million as of March 31, 2025. In 1985, he acquired a controlling stake in the predecessor company, Viner Holdings (E.A. Viner), which he used to purchase other companies. He is the father of Robert S. Lowenthal.
Brad Watkins, Executive Vice President, Chief Financial Officer
Brad Watkins joined Oppenheimer as Chief Financial Officer on August 1, 2022. He is responsible for all financial operations and directs long-term budgetary planning and cost management for the firm. Before his tenure at Oppenheimer, he spent approximately nineteen years at KPMG, advancing to partner in 2015. At KPMG, he provided audit and advisory services to a diverse client base, including large multinational financial institutions and broker-dealers. He possesses extensive experience in SEC reporting matters and auditing complex financial areas. Mr. Watkins earned a Bachelor of Science in Accounting from New York University Stern School of Business.
Dennis Patrick McNamara, Executive Vice President, General Counsel & Secretary
Dennis Patrick McNamara serves as Corporate Secretary of Oppenheimer Holdings Inc. He is also a board member for Oppenheimer Asset Management, Oppenheimer Europe, Oppenheimer Investments Asia Limited, and Oppenheimer Cooperative U.A. Previously, Mr. McNamara was Corporate General Counsel for Josephthal & Co. Inc., a full-service broker-dealer and investment banking firm.
Bryan Edward McKigney, President, Oppenheimer Asset Management Inc.
Bryan Edward McKigney is President of Oppenheimer Asset Management Inc. and also serves as Managing Director and Head of Platform Services at Oppenheimer & Co. Inc., where he oversees firmwide initiatives focused on scalable distribution, strategic partnerships, and revenue growth. He brings over four decades of experience in wealth management, asset management, and capital markets. Prior to joining Oppenheimer, he held leadership roles at CIBC and Chase Manhattan Bank. He is the Chairman of the Advantage Advisers Xanthus Fund LLC and a board member of the Oppenheimer Trust Company of Delaware.
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The key risks to Oppenheimer's (OPY) business include its history of regulatory and legal scrutiny, exposure to market volatility and economic conditions, and the potential for cash flow volatility and financial leverage.
- Regulatory and Legal Scrutiny: Oppenheimer has a documented history of regulatory issues, enforcement actions, and customer complaints. These include significant fines, restitution orders, and allegations of supervisory failures, improper sales practices, and non-compliance with municipal bond offering disclosure requirements. Regulatory bodies such as the SEC and FINRA have taken action against the firm for violations of securities laws and rules, indicating a potential ongoing challenge in maintaining compliance and good standing.
- Market Volatility and Economic Conditions: As a financial services firm with substantial revenue derived from Capital Markets and Wealth Management, Oppenheimer's business is highly susceptible to fluctuations in global financial markets, interest rates, and overall economic health. Adverse shifts in market sentiment, reduced investment banking activity, or declines in asset values can directly impact the company's revenue and profitability.
- Cash Flow Volatility and Financial Leverage: Oppenheimer has experienced volatility in its quarterly cash flow from operations, with cash flow management identified as a near-term risk. Additionally, the firm's debt-to-equity ratio is considered to be on the higher side compared to its peers, and its Altman Z-score, a measure of financial distress, places it in a "grey zone," suggesting a degree of financial stress.
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The following are clear emerging threats to Oppenheimer (OPY):
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Accelerated growth and sophistication of digital wealth management platforms and robo-advisors: Similar to how Netflix disrupted Blockbuster by offering a more convenient, often lower-cost, and digitally-native service, platforms such as Schwab Intelligent Portfolios, Vanguard Personal Advisor Services, Betterment, and Wealthfront offer automated or hybrid financial advisory services at significantly lower fees than traditional full-service wealth management firms like Oppenheimer. These platforms continue to attract substantial assets under management, appeal to younger generations and mass affluent clients, and put pressure on fees across the wealth management industry, potentially eroding Oppenheimer's client base or profitability in its key wealth management division.
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Increasing adoption of Artificial Intelligence (AI) and automation in investment banking and capital markets functions: While not replacing human advisors entirely, similar to how YouTube challenged traditional cable by offering more personalized and on-demand content through technological means, AI tools are streamlining tasks like due diligence, market analysis, deal sourcing, risk assessment, and even automated trading strategies. Larger investment banks and dedicated fintech firms are heavily investing in AI to enhance efficiency, reduce costs, and accelerate deal execution. This could put mid-sized firms like Oppenheimer at a competitive disadvantage if they lag in adopting these technologies, leading to pressure on fees, reduced opportunities, or increased operational costs relative to more technologically advanced competitors.
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Oppenheimer (OPY) operates in several key financial services sectors. The addressable markets for their main products and services are as follows:
Investment Banking
- The global investment banking market was valued at approximately USD 103.23 billion in 2024 and is projected to grow to USD 183.28 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 7.55% during the forecast period. Another estimate places the global market at USD 184.92 billion in 2024, with a projection to reach USD 472.46 billion by 2035 at a CAGR of 8.90%.
- In North America, the investment banking market accounted for a significant share of global revenue in 2022. The North American market size was estimated at USD 54.05 billion in 2024 and is expected to grow at a CAGR of 6.8% from 2024 to 2031.
- The United States investment banking market specifically had a market share of USD 42.64 billion in 2024 and is projected to grow at a CAGR of 6.6%.
Wealth Management
- The global wealth management market was worth approximately USD 1,636.83 billion in 2024 and is predicted to grow to around USD 4,893.17 billion by 2034, at a CAGR of roughly 10.6% between 2025 and 2034. Global assets under management (AUM) reached $162 trillion in 2025, driven by a 5.9% annual growth rate.
- The United States wealth management market is considered extraordinarily vast. The U.S. holds 54.2% of the total global AUM in 2025. Private client wealth in the USA was over $9 trillion in 2023. The U.S. wealth management market is expected to experience approximately 17.6% growth in AUM in 2025.
Asset Management
- The global asset management market size was valued at USD 432.77 billion in 2024 and is projected to grow from USD 489.40 billion in 2025 to USD 1,122.04 billion by 2032, exhibiting a CAGR of 12.6%. Another report estimates the global market size at USD 458.02 billion in 2023, expected to reach USD 3,677.39 billion by 2030, growing at a CAGR of 36.4%.
- North America held a dominant asset management market share, accounting for 33.04% of the revenue in 2023. The North American market was valued at USD 202.22 billion in 2024.
- The US asset management market is valued at USD 63.28 trillion in 2025 and is forecast to expand to USD 112.17 trillion by 2030, reflecting a 12.13% CAGR. Another source indicates the USA asset management market was valued at USD 48 trillion.
Capital Markets (Institutional Sales & Trading)
- The global investment banking and trading services market size was valued at USD 397.11 billion in 2024 and is forecasted to reach approximately USD 765.98 billion by 2034, accelerating at a CAGR of 6.79% from 2025 to 2034.
- North America dominated the global investment banking and trading services market with the largest share in 2024.
- In the US, institutional investors account for 70% to 90% of the daily trading volume. The total US investible universe is around $110 trillion. In 2021, institutional assets represented 31% of all global assets under management, with a projection to drop to 26% by 2030.
Equity Research
- The global equity research market was valued at approximately $9.5 billion in 2023 and is anticipated to reach $15.6 billion by 2030, recording a CAGR of 7.2%.
- The total global equity market capitalization reached $125.7 trillion in 2024. The US equity market is valued at approximately $60 trillion in 2025.
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Oppenheimer (NYSE: OPY) anticipates several key drivers to fuel its revenue growth over the next 2-3 years, primarily stemming from its core Wealth Management and Capital Markets segments.
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Growth in Assets Under Management (AUM) and Advisory Fees: Oppenheimer expects continued growth in its Assets Under Management (AUM), which directly translates to higher asset-based advisory fees. This growth is influenced by favorable equity market performance and the firm's ability to attract and retain client assets.
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Increased Retail and Institutional Trading Activity and Commissions: Higher retail trading volumes and robust institutional trading activity are projected to boost transaction-based commission revenues. This is supported by investor interest and market volatility in both equities and fixed income.
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Enhanced Investment Banking Performance: The company anticipates improved revenue from its Investment Banking division, driven by an uptick in advisory fees, particularly in restructuring practices, and increased equity underwriting fees due to higher transaction volumes and new issuance levels.
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Strategic Expansion of Wealth Management Services: Oppenheimer's strategic reorganization of its Private Client and Asset Management segments into a unified Wealth Management segment aims to provide integrated wealth services. This strategic shift, along with efforts to maintain or grow financial advisor headcount, is expected to expand its client reach and service offerings.
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Higher Interest Revenue: Increased average margin loans and interest income on trading inventories are identified as significant contributors to the firm's overall interest revenue.
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Share Repurchases
- Oppenheimer's Board of Directors authorized a new share repurchase program on February 25, 2022, allowing the company to purchase up to 518,000 shares of its Class A non-voting common stock. This authorization supplemented 12,407 shares remaining from a previous program announced on May 11, 2020, bringing the total authorized and available for repurchase to 530,407 shares.
- Between 2021 and 2022, Oppenheimer bought back more than 10% of its shares. In 2023, the company repurchased 437,000 shares, representing approximately a 4% buyback yield.
- In the first three months of 2025, Oppenheimer purchased and canceled 1,530 shares of Class A Stock for a total of $80,950. As of March 31, 2025, 496,363 shares remained available under the repurchase program.
Share Issuance
- Oppenheimer's issuance of common equity was $0.06 million in 2020, $127 million in 2021, $0.13 million in 2022, $0.08 million in 2023, and $0.06 million in 2024.
- Employee share plan issuances amounted to approximately $13,951 in 2024 and $10,587 in 2025 (year-to-date).
Capital Expenditures
- Oppenheimer's capital expenditures were $4.53 million in 2020, $8.27 million in 2021, $16 million in 2022, $17 million in 2023, and $5.15 million in 2024.
- Projected capital expenditures are $13 million for 2025, $14 million for 2026, and $15 million for 2027.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Oppenheimer
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.74 |
| Mkt Cap | 13.5 |
| Rev LTM | 7,997 |
| Op Inc LTM | 1,473 |
| FCF LTM | 30 |
| FCF 3Y Avg | 85 |
| CFO LTM | 54 |
| CFO 3Y Avg | 106 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.6% |
| Rev Chg 3Y Avg | 9.2% |
| Rev Chg Q | 15.3% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Mgn LTM | 21.5% |
| Op Mgn 3Y Avg | 22.2% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 3.4% |
| CFO/Rev 3Y Avg | 1.0% |
| FCF/Rev LTM | 2.0% |
| FCF/Rev 3Y Avg | -0.1% |
Price Behavior
| Market Price | $82.07 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 08/16/1993 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $70.39 | $67.16 |
| DMA Trend | up | up |
| Distance from DMA | 16.6% | 22.2% |
| 3M | 1YR | |
| Volatility | 26.8% | 30.9% |
| Downside Capture | 30.76 | 99.10 |
| Upside Capture | 138.94 | 103.69 |
| Correlation (SPY) | 33.9% | 61.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.82 | 0.90 | 0.90 | 1.15 | 0.98 | 0.87 |
| Up Beta | 3.03 | 0.44 | 1.02 | 1.61 | 0.84 | 0.80 |
| Down Beta | 0.22 | 0.83 | 1.11 | 1.04 | 1.17 | 1.03 |
| Up Capture | 161% | 130% | 68% | 105% | 96% | 63% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 11 | 21 | 34 | 68 | 136 | 392 |
| Down Capture | -6% | 86% | 85% | 105% | 100% | 94% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 11 | 20 | 30 | 59 | 115 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| OPY vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| OPY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 31.9% | 14.0% | 19.8% | 70.5% | 3.8% | 10.2% | -1.0% |
| Annualized Volatility | 31.4% | 19.0% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | 0.90 | 0.56 | 0.81 | 2.56 | 0.04 | 0.41 | 0.07 |
| Correlation With Other Assets | 67.9% | 60.4% | -0.1% | 21.4% | 50.7% | 27.9% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| OPY vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| OPY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 23.3% | 13.9% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 32.4% | 18.8% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | 0.70 | 0.61 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 50.9% | 43.9% | -0.2% | 9.8% | 35.3% | 23.3% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| OPY vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| OPY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 21.5% | 13.8% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 35.6% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.65 | 0.57 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 61.7% | 54.0% | -3.6% | 20.6% | 45.4% | 16.1% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/31/2025 | 0.7% | -2.4% | -3.0% |
| 8/1/2025 | -3.3% | -6.0% | -4.0% |
| 4/25/2025 | -0.6% | 1.6% | 8.6% |
| 1/31/2025 | -5.1% | -6.4% | -10.1% |
| 10/25/2024 | 11.4% | 16.4% | 26.1% |
| 7/26/2024 | -8.6% | -13.1% | -8.9% |
| 4/26/2024 | 4.7% | 3.9% | 16.9% |
| 1/26/2024 | -2.6% | -3.5% | -1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 13 |
| # Negative | 11 | 12 | 11 |
| Median Positive | 3.8% | 6.2% | 14.0% |
| Median Negative | -2.6% | -4.5% | -4.0% |
| Max Positive | 13.1% | 19.2% | 31.7% |
| Max Negative | -9.9% | -13.1% | -10.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/31/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/01/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/25/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/27/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/25/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/26/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 04/26/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 03/01/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 10/27/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 07/28/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 04/28/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/28/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 10/28/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 07/29/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 04/29/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/28/2022 | 10-K (12/31/2021) |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McNamara, Dennis P | Secretary | Direct | Sell | 8062025 | 73.81 | 2,000 | 147,620 | 1,606,548 | Form |
| 2 | Friedman, Paul M | Paul M. Friedman Living Trust dated 3/5/19 | Sell | 6102025 | 63.32 | 3,500 | 221,621 | 1,298,064 | Form | |
| 3 | Friedman, Paul M | Paul M. Friedman Living Trust dated 3/5/19 | Sell | 6102025 | 63.31 | 3,500 | 221,578 | 1,076,238 | Form | |
| 4 | Friedman, Paul M | Paul M. Friedman Living Trust dated 3/5/19 | Sell | 6092025 | 63.11 | 3,000 | 189,320 | 1,514,556 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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