Ladenburg Thalmann
Ladenburg Thalmann is a New York middle-market investment bank and broker-dealer owned by wealth manager Osaic. Founded in 1876, it runs investment banking, sales and trading, asset management and equity research focused on small- and mid-cap issuers.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 5012M
- Actions
- 6512M
- Ratings / Price targets
- 65 / 0
- Upgrades / Downgrades
- 8 / 9
- Buy-rated
- 72%of 50 rated
- On record
- Dec 2011 – Aug 2026
Overview
Ladenburg's research covers small- and mid-cap companies in healthcare and biotechnology, business development companies and specialty finance, technology, and power and electric utilities. It added REIT coverage in July 2025. As of March 2026, 74.6% of rated stocks had a Buy rating. In 2026, the firm hired two biotechnology analysts whose work combines scientific expertise with fundamental analysis for institutional investors.
Adolph Ladenburg and Ernst Thalmann founded the firm in New York in 1876, and it bought a New York Stock Exchange seat in 1879. In 2001 GBI Capital Management acquired it and renamed itself Ladenburg Thalmann Financial Services, which later built a large independent-advisor network, including Securities America in 2011. Advisor Group acquired the company in February 2020 for about $1.3 billion and renamed itself Osaic in 2023.
Milestones
- 1876
Adolph Ladenburg and Ernst Thalmann found the firm in New York
- 1879
Buys a seat on the New York Stock Exchange
- 2001
Acquired by GBI Capital, renamed Ladenburg Thalmann Financial Services
- 2020
Acquired by Advisor Group
- 2023
Parent Advisor Group rebrands as Osaic
- 2026
Marks 150th anniversary with NYSE closing bell
Firm facts
- Legal name
- Ladenburg Thalmann & Co. Inc.
- Type
- Boutique
- Founded
- 1876
- Headquarters
- New York, United States
- Parent
- Osaic, Inc.
- Co-President and Co-CEO
- Michael Gideon
- Rating scale
- BuyNeutralSell12 months
- Also filed as
- Ladenburg Thalmann & Co.
- Website
- ladenburg.com
Research philosophy
Ladenburg Thalmann's Equity Research Team delivers proprietary, actionable research that helps clients capitalize on inefficiencies in the markets.
Ladenburg Thalmann describes its research as objective and knowledge-driven, and says its access and connections to company management teams give it a deep understanding of the companies it covers.
Rating methodology
Ratings are absolute: Buy means an expected 12-month return above 12.5%, Neutral within ±12.5% and Sell a decline of 12.5% or more.
Coverage12M
Sectors
Most covered24M
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Aug 17 | ONOndas Holdings Inc.ONDS | Reiterate | Buy |
| Aug 17 | PRPeraso Inc.PRSO | Reiterate | Buy |
| Aug 17 | NINiSource Inc.NI | Reiterate | Buy |
| Aug 14 | CRCreative Realities, Inc.CREX | Reiterate | Buy |
| Aug 13 |  Portland General Electric CompanyPOR | Upgrade | Sell →Buy |
| Aug 13 | BWBrainsWay Ltd.BWAY | Reiterate | Buy |
| Aug 13 | DPDraganfly Inc.DPRO | Reiterate | Buy |
| Aug 13 | OGONE Gas, Inc.OGS | Upgrade | Neutral →Buy |
| Aug 13 | USUsio, Inc.USIO | Reiterate | Buy |
| Aug 12 | SCStellus Capital Investment CorporationSCM | Reiterate | Buy |
| Aug 12 | NOFiscalNote Holdings, Inc.NOTE | Reiterate | Buy |
| Aug 12 |  Crescent Capital BDC, Inc.CCAP | Reiterate | Buy |