Oppenheimer vs Nuveen Select Tax-Free Income Portfolio

This page compares Oppenheimer (OPPENHEIMER HOLDINGS-CL A) and Nuveen Select Tax-Free Income Portfolio, focusing on how their business models, financial performance, and market context relate. The content is presented in a neutral, accessible manner to help readers understand similarities and differences without endorsement. Educational content, not financial advice.

This page compares Oppenheimer (OPPENHEIMER HOLDINGS-CL A) and Nuveen Select Tax-Free Income Portfolio, focusing on how their business models, financial performance, and market context relate. The con...

Comparison Snapshot

Key Financial Metrics

OPY

Metric

NXP

$844.59M

Market Cap

$733.29M

N/A

Potential Profit

N/A

Analyst Rating

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Investment Analysis

Oppenheimer

OPY

Pros

Oppenheimer Holdings reported a 13.7% revenue increase year-over-year in Q3 2025, reaching $424.4 million, driven by strong investment banking revenues.
The company benefits from a favourable capital raising environment and a new Federal Reserve rate cutting cycle that supports market optimism.
High insider ownership at 43.61% and institutional ownership at 38.40% indicate confidence from key stakeholders.

Considerations

Net income declined from $24.5 million in Q3 2024 to $21.7 million in Q3 2025, partly due to significantly higher pre-tax compensation expenses related to liability-based awards.
Despite revenue growth, recent free cash flow growth has been volatile and negative in some periods, raising concerns about cash generation consistency.
Shares outstanding have marginally increased over the past year, potentially diluting shareholder value.

Nuveen Select Tax-Free Income Portfolio

NXP

Pros

Nuveen Select Tax-Free Income Portfolio focuses on investment-grade municipal securities, maintaining at least 80% of assets in high-rated bonds to prioritise capital preservation.
The fund offers a relatively stable dividend yield around 4.48%, appealing for income-focused investors in a tax-advantaged structure.
Low beta of 0.35 indicates lower volatility compared to the broader market, which can provide defensive qualities in turbulent periods.

Considerations

The fund has no forward P/E ratio due to its closed-end structure with high trailing P/E of 74.17, indicating potentially elevated valuation relative to earnings.
Recent technical and trading analysis signals suggest weakening momentum, with some evaluations downgrading it from a Hold/Accumulate to a Sell candidate.
Dependence on municipal bond markets exposes the portfolio to interest rate risk and credit quality concerns, especially in a rising rate or economic downturn environment.

About The Companies

Oppenheimer (OPY)

Oppenheimer Holdings (ticker: OPY) is a US-based independent investment bank and wealth manager offering advisory, capital markets, trading and wealth management services to individuals, institutions and corporations. With a market capitalisation around $720.13M, the firm is notable for its focus on personalised client services, middle-market M&A and equity underwriting, alongside a growing private client business. Revenue and profitability can be cyclical and sensitive to market volatility, interest rates and deal activity — factors that typically drive investment banking fees and trading income. Regulatory oversight and competition from larger global banks are ongoing considerations. For investors, OPY may appeal as a specialised, cyclical financial services exposure, but it carries risks typical of smaller-cap broker-dealers, including earnings variability and liquidity constraints. This summary is educational only and not personal advice; investors should consider their objectives, risk tolerance and do further research before acting.

Nuveen Select Tax-Free Income Portfolio (NXP)

The Nuveen Select Tax-Free Income Portfolio (NXP) is a type of investment known as a closed-end fund. Its primary goal is to provide investors with a regular stream of income that is exempt from regular US federal income tax, while also aiming to preserve the original capital invested. To achieve this, the fund invests at least 80% of its assets in municipal bonds. These are essentially loans to local governments to fund public projects. The fund offers a diversified portfolio of these bonds, managed by its investment adviser, Nuveen Fund Advisors, LLC. It's important for potential investors to be aware that up to 20% of the fund’s assets can be invested in bonds that are considered below investment grade, which may carry a higher level of risk. As with any investment, the value of the portfolio can go down as well as up, and returns are not guaranteed.

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Comparison Snapshot