Charles Schwab Investment Management Inc. Purchases 117,733 Shares of Orix Corp Ads $IX

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Orix Corp Ads by 422.6% in Q1, now holding a total of 145,592 shares worth approximately $3.04 million.
• Several other institutional investors, including Bruce G. Allen Investments LLC and Bessemer Group Inc., have also significantly increased their stakes in Orix Corp Ads during the same period.
• Orix Corp Ads reported earnings of $0.65 per share for the latest quarter, exceeding analyst expectations, with total revenue of $5.21 billion.

Charles Schwab Investment Management Inc. increased its holdings in shares of Orix Corp Ads (NYSE:IX - Free Report) by 422.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,592 shares of the real estate investment trust's stock after purchasing an additional 117,733 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Orix Corp Ads were worth $3,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of IX. BNP Paribas Financial Markets boosted its stake in shares of 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 during the period. Bruce G. Allen Investments LLC raised its position 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 period. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 1,096 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Orix Corp Ads by 1,310.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after buying an additional 1,310 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Orix Corp Ads in the 1st quarter valued at about $34,000. 1.73% of the stock is owned by institutional investors and hedge funds.

Orix Corp Ads Price Performance

IX stock traded down $0.33 during midday trading on Wednesday, reaching $25.85. 53,641 shares of the stock were exchanged, compared to its average volume of 215,371. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $26.25. The company has a fifty day moving average price of $23.82 and a 200 day moving average price of $21.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The stock has a market capitalization of $29.46 billion, a PE ratio of 11.82, a P/E/G ratio of 0.98 and a beta of 0.89.

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 for the quarter, topping the consensus estimate of $0.54 by $0.11. The company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $4.96 billion. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. As a group, analysts expect that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a 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.