Orix Corp Ads $IX Shares Bought by Advisors Asset Management Inc.

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

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC increased its holdings in shares of Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,010 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Orix Corp Ads by 132,800.0% in the first quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 1,328 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Orix Corp Ads by 234.7% in the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,096 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at approximately $34,000. Finally, Brentview Investment Management LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 1.73% of the company's stock.

Orix Corp Ads Trading Down 0.6%

Shares of IX traded down $0.15 during midday trading on Friday, hitting $26.84. 64,870 shares of the stock were exchanged, compared to its average volume of 126,851. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $27.01. The stock has a fifty day simple moving average of $24.39 and a 200 day simple moving average of $21.99. The firm has a market cap of $30.59 billion, a P/E ratio of 12.28, a P/E/G ratio of 1.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76.

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

Wall Street Analysts Forecast Growth

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

About Orix Corp Ads

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.