Orix Corp Ads $IX Stake Raised by Northern Trust Corp

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 Orix Corp Ads (NYSE:IX - Free Report) by 400.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,093 shares of the real estate investment trust's stock after buying an additional 856,122 shares during the period. Northern Trust Corp owned 0.09% of Orix Corp Ads worth $22,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IX. Bruce G. Allen Investments LLC lifted its holdings in shares of 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 during the period. Brooklyn Investment Group grew its holdings in shares of 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 during the period. Farther Finance Advisors LLC boosted 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 acquiring an additional 1,096 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Orix Corp Ads during the 1st quarter valued at $34,000. Finally, Brentview Investment Management LLC purchased a new position in Orix Corp Ads in the first quarter worth $37,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Stock Performance

Shares of IX stock traded up $0.10 on Friday, hitting $26.20. 16,396 shares of the stock traded hands, compared to its average volume of 213,552. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $26.45. The company has a market capitalization of $29.86 billion, a PE ratio of 11.99, a PEG ratio of 0.98 and a beta of 0.89. The company's fifty day moving average is $24.00 and its 200 day moving average is $21.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results 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 during 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%. On average, equities research analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research 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.