Bank of New York Mellon Corp Has $2.36 Million Stake in Orix Corp Ads (NYSE:IX)

Key Points

• Bank of New York Mellon Corp significantly increased its stake in Orix Corp Ads by 433.2%, acquiring 91,746 additional shares during the first quarter, bringing its total holdings to 112,927 shares valued at approximately $2.36 million.
• Several other institutional investors, including Boston Common Asset Management and Bank of America Corp DE, also raised their investments in Orix Corp Ads, highlighting a trend of increased investment in the company.
• Orix Corp Ads recently reported a quarterly earnings miss, with earnings per share of $0.46 compared to analyst expectations of $0.66, and its stock opened at $22.64, showing a decline of 1.9%.

Bank of New York Mellon Corp lifted its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 433.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,927 shares of the real estate investment trust's stock after acquiring an additional 91,746 shares during the quarter. Bank of New York Mellon Corp's holdings in Orix Corp Ads were worth $2,359,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Boston Common Asset Management LLC increased its stake in shares of Orix Corp Ads by 528.1% in the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock valued at $5,914,000 after buying an additional 238,014 shares during the period. Henry James International Management Inc. increased its stake in shares of Orix Corp Ads by 400.0% in the 1st quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock valued at $5,826,000 after buying an additional 223,096 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Orix Corp Ads by 482.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust's stock worth $5,009,000 after purchasing an additional 199,192 shares during the period. QRG Capital Management Inc. grew its stake in shares of Orix Corp Ads by 352.5% during the first quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock worth $5,162,000 after purchasing an additional 192,478 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Orix Corp Ads by 435.6% during the first quarter. Gilman Hill Asset Management LLC now owns 195,964 shares of the real estate investment trust's stock worth $4,094,000 after purchasing an additional 159,374 shares during the period. Institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Orix Corp Ads from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Orix Corp Ads Trading Up 1.3%

Shares of Orix Corp Ads stock traded up $0.29 during trading on Friday, reaching $22.84. 48,196 shares of the company were exchanged, compared to its average volume of 225,528. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.81 and a beta of 0.86. The business has a 50-day moving average price of $21.98 and a 200-day moving average price of $21.01.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. Sell-side analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

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.