Fifth Third Bancorp Increases Stock Holdings in Orix Corp Ads (NYSE:IX)

Fifth Third Bancorp boosted its position in Orix Corp Ads (NYSE:IX - Free Report) by 379.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,580 shares of the real estate investment trust's stock after purchasing an additional 28,943 shares during the period. Fifth Third Bancorp's holdings in Orix Corp Ads were worth $764,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC increased its stake in 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 acquiring an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Orix Corp Ads by 234.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,096 shares during the last quarter. GAMMA Investing LLC raised its position in Orix Corp Ads by 343.2% in the 1st quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,420 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Orix Corp Ads by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 941 shares during the period. Finally, Aquatic Capital Management LLC increased its stake in shares of Orix Corp Ads by 1,310.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after purchasing an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

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

Orix Corp Ads Stock Down 0.4%

IX traded down $0.09 on Friday, hitting $21.23. The company had a trading volume of 111,163 shares, compared to its average volume of 232,153. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77. The stock has a market capitalization of $24.19 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.78 and a beta of 0.85. The stock has a fifty day moving average price of $20.53 and a 200-day moving average price of $20.82. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $25.17.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. Analysts predict 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.