Oppenheimer Holdings Inc. (OPY) Reaches $28.30 After 5.00% Up Move; Credit Agricole S A Has Raised Genuine Parts Co (GPC) Position

March 14, 2018 - By Adrian Mccoy

Credit Agricole S A increased Genuine Parts Co (GPC) stake by 11.53% reported in 2017Q3 SEC filing. Credit Agricole S A acquired 4,624 shares as Genuine Parts Co (GPC)’s stock declined 8.49%. The Credit Agricole S A holds 44,730 shares with $4.28 million value, up from 40,106 last quarter. Genuine Parts Co now has $13.32B valuation. The stock decreased 1.07% or $0.98 during the last trading session, reaching $90.75. About 347,571 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since March 14, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

The stock of Oppenheimer Holdings Inc. (NYSE:OPY) is a huge mover today! The stock increased 3.28% or $0.9 during the last trading session, reaching $28.3. About 57,230 shares traded. Oppenheimer Holdings Inc. (NYSE:OPY) has risen 11.51% since March 14, 2017 and is uptrending. It has underperformed by 5.19% the S&P500.The move comes after 9 months positive chart setup for the $374.72M company. It was reported on Mar, 14 by Barchart.com. We have $29.72 PT which if reached, will make NYSE:OPY worth $18.74 million more.

Among 12 analysts covering Genuine Parts Company (NYSE:GPC), 1 have Buy rating, 3 Sell and 8 Hold. Therefore 8% are positive. Genuine Parts Company had 31 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies initiated it with “Buy” rating and $95 target in Tuesday, September 15 report. On Friday, July 21 the stock rating was upgraded by Gabelli to “Buy”. The firm has “Hold” rating given on Monday, June 26 by Jefferies. The rating was downgraded by Jefferies to “Hold” on Friday, July 15. The rating was maintained by RBC Capital Markets on Tuesday, July 21 with “Sector Perform”. The company was downgraded on Thursday, July 14 by Gabellu & Co.. The rating was maintained by Bank of America on Wednesday, February 21 with “Underperform”. The stock of Genuine Parts Company (NYSE:GPC) has “Hold” rating given on Friday, May 26 by RBC Capital Markets. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, September 30 report. Gabelli upgraded the shares of GPC in report on Tuesday, October 20 to “Buy” rating.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.02, from 0.96 in 2017Q2. It dived, as 46 investors sold GPC shares while 195 reduced holdings. 55 funds opened positions while 176 raised stakes. 108.15 million shares or 1.25% more from 106.82 million shares in 2017Q2 were reported. Gateway Invest Advisers Limited Com reported 232,462 shares stake. Apg Asset Mgmt Nv, a Netherlands-based fund reported 217,290 shares. Tower Ltd Company (Trc) owns 0.01% invested in Genuine Parts Company (NYSE:GPC) for 1,247 shares. Moreover, Citigroup has 0.02% invested in Genuine Parts Company (NYSE:GPC). Moreover, Kentucky Retirement Insur Tru Fund has 0.07% invested in Genuine Parts Company (NYSE:GPC) for 3,897 shares. Moreover, Cincinnati Company has 1.23% invested in Genuine Parts Company (NYSE:GPC). National Insurance Company Tx accumulated 0.15% or 29,700 shares. Fdx Inc stated it has 18,069 shares or 0.05% of all its holdings. Epoch Prtn holds 0.3% or 930,063 shares in its portfolio. Levin Strategies Ltd Partnership holds 0.01% in Genuine Parts Company (NYSE:GPC) or 4,293 shares. Jefferies Grp Inc Ltd Liability Co invested in 0.02% or 28,280 shares. Invesco Ltd owns 411,265 shares. Cleararc Cap holds 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC) for 3,790 shares. Daiwa Securities Group accumulated 4,379 shares or 0% of the stock. United Kingdom-based Investec Asset Limited has invested 0.05% in Genuine Parts Company (NYSE:GPC).

Credit Agricole S A decreased 1St Rep Bk San Fra (NYSE:FRC) stake by 271,803 shares to 275,896 valued at $28.82 million in 2017Q3. It also reduced Quest Diagnostics (NYSE:DGX) stake by 3,621 shares and now owns 133,310 shares. Discovery Communic (NASDAQ:DISCK) was reduced too.

Oppenheimer Holdings Inc. provides middle-market investment banking and full service broker-dealer services and products. The company has market cap of $374.72 million. The firm offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It has a 16.95 P/E ratio. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, fee non-discretionary investment advisory services, alternative investments, portfolio enhancement programs, investment advisory services, and institutional taxable fixed income portfolio management services.

Among 2 analysts covering Oppenheimer Holdings (NYSE:OPY), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Oppenheimer Holdings had 3 analyst reports since September 14, 2015 according to SRatingsIntel. As per Monday, November 2, the company rating was maintained by Macquarie Research. The stock of Oppenheimer Holdings Inc. (NYSE:OPY) earned “Outperform” rating by Macquarie Research on Monday, September 14. Sidoti initiated the stock with “Buy” rating in Monday, March 21 report.

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