Northern Trust Corp Boosts Holdings in Orix Corp Ads $IX

Key Points

• Northern Trust Corp increased its holdings in Orix Corp Ads by 400.1% in the first quarter, now owning over 1 million shares valued at approximately $22.35 million.
• Several other hedge funds have also significantly increased their stakes, including Bruce G. Allen Investments LLC by 388.5% and Brooklyn Investment Group by an astonishing 132,800.0%.
• Orix Corp Ads recently reported a quarterly earnings per share (EPS) of $0.65, surpassing estimates, with a revenue of $5.21 billion.

Northern Trust Corp boosted its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 400.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,070,093 shares of the real estate investment trust's stock after acquiring an additional 856,122 shares during the quarter. Northern Trust Corp owned 0.09% of Orix Corp Ads worth $22,354,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Bruce G. Allen Investments LLC grew its position in Orix Corp Ads by 388.5% during 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 buying an additional 1,010 shares during the period. Brooklyn Investment Group raised its position in Orix Corp Ads by 132,800.0% during the first 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 during the period. Aquatic Capital Management LLC lifted its holdings in Orix Corp Ads by 1,310.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC grew its position 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 period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Price Performance

IX stock traded up $0.12 during mid-day trading on Thursday, reaching $26.05. The company's stock had a trading volume of 32,224 shares, compared to its average volume of 214,539. The stock has a market cap of $29.69 billion, a PE ratio of 11.92, a P/E/G ratio of 0.98 and a beta of 0.89. The company's 50 day moving average is $23.92 and its two-hundred day moving average is $21.73. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $26.25. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36.

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

Analysts Set New Price Targets

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 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.