Ascent Group LLC Takes $263,000 Position in Orix Corp Ads $IX

Key Points

• Ascent Group LLC acquired a new stake in Orix Corp Ads, purchasing 12,605 shares valued at approximately $263,000 in the first quarter.
• Other institutional investors also increased their stakes significantly, with Bruce G. Allen Investments raising its stake by 388.5% and Brooklyn Investment Group by 132,800%.
• Analysts downgraded Orix Corp Ads from a "strong-buy" to a "buy" rating, despite the company reporting earnings per share of $0.65, surpassing expectations.

Ascent Group LLC purchased a new position in shares of Orix Corp Ads (NYSE:IX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,605 shares of the real estate investment trust's stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Orix Corp Ads by 18.5% during the 4th quarter. BNP Paribas Financial Markets now owns 3,437 shares of the real estate investment trust's stock worth $365,000 after acquiring an additional 537 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 1,010 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,096 shares in the last quarter. Brooklyn Investment Group raised its stake in Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Orix Corp Ads during the 1st quarter worth $34,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Orix Corp Ads Stock Performance

Orix Corp Ads stock traded down $0.15 during midday trading on Friday, hitting $26.84. 64,870 shares of the company's stock were exchanged, compared to its average volume of 124,679. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $27.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76. The stock has a market cap of $30.59 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89. The firm's 50 day simple moving average is $24.47 and its 200 day simple moving average is $22.04.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. Equities research analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Orix Corp Ads 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.