Advisors Asset Management Inc. Raises Stake in Orix Corp Ads $IX

Key Points

• Advisors Asset Management Inc. significantly increased its holdings in Orix Corp Ads by 414.2% in the first quarter, owning 39,447 shares worth approximately $824,000.
• Multiple institutional investors have also ramped up their investments in Orix Corp Ads, with Todd Asset Management lifting its stake by 399.1% to over 1.7 million shares valued at approximately $36 million.
• Despite the strong interest from institutional investors, Wall Street analyst Wall Street Zen downgraded Orix Corp Ads from a "strong-buy" to a "buy" rating on August 22nd.

Advisors Asset Management Inc. raised its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 414.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,447 shares of the real estate investment trust's stock after acquiring an additional 31,775 shares during the period. Advisors Asset Management Inc.'s holdings in Orix Corp Ads were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IX. Northern Trust Corp increased its position in shares of Orix Corp Ads by 62.8% during the fourth quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock valued at $22,730,000 after acquiring an additional 82,529 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Orix Corp Ads by 18.5% during the fourth quarter. BNP Paribas Financial Markets now owns 3,437 shares of the real estate investment trust's stock valued at $365,000 after acquiring an additional 537 shares during the last quarter. Bank of America Corp DE increased its position in shares of Orix Corp Ads by 1.3% during the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock valued at $45,123,000 after acquiring an additional 5,301 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Orix Corp Ads by 59.4% during the fourth quarter. Citadel Advisors LLC now owns 6,612 shares of the real estate investment trust's stock valued at $702,000 after acquiring an additional 2,463 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Orix Corp Ads by 316.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,183 shares of the real estate investment trust's stock valued at $976,000 after acquiring an additional 6,978 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Stock Up 0.2%

Shares of NYSE IX traded up $0.05 during midday trading on Monday, hitting $26.86. The company's stock had a trading volume of 79,464 shares, compared to its average volume of 124,679. The business's fifty day simple moving average is $24.56 and its two-hundred day simple moving average is $22.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $27.01. The firm has a market capitalization of $30.62 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. On average, equities analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd.

Orix Corp Ads Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.