Orix Corp Ads $IX Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Orix Corp ADS stake by 0.9% in the first quarter, adding 25,662 shares to hold 2.89 million shares worth approximately $86.8 million, or 0.26% of the company.
• Analyst sentiment is neutral: Weiss slightly raised its rating while Zacks Research and Wall Street Zen downgraded the stock, resulting in a consensus “Hold” rating.
• Orix shares opened at $40.09, near their 52-week high, while the company reported quarterly EPS of $1.57 on $7.06 billion in revenue; analysts expect full-year EPS of $4.59.

Bank of America Corp DE grew its holdings in shares of Orix Corp Ads (NYSE:IX - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,893,892 shares of the real estate investment trust's stock after purchasing an additional 25,662 shares during the period. Bank of America Corp DE owned approximately 0.26% of Orix Corp Ads worth $86,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new stake in Orix Corp Ads during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads in the fourth quarter worth approximately $34,000. Kestra Advisory Services LLC acquired a new position in Orix Corp Ads in the fourth quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its holdings in shares of Orix Corp Ads by 4,325.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Orix Corp Ads by 56.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IX. Weiss Ratings raised Orix Corp Ads from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, July 29th. Zacks Research lowered Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded Orix Corp Ads from a "buy" rating to a "hold" rating in a report on Sunday, June 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Orix Corp Ads Stock Performance

Orix Corp Ads stock opened at $40.09 on Friday. Orix Corp Ads has a fifty-two week low of $24.19 and a fifty-two week high of $42.39. The firm's 50 day simple moving average is $39.44 and its 200-day simple moving average is $35.20. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The company has a market cap of $44.51 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.88.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.08%. The business had revenue of $7.06 billion during the quarter. As a group, equities research analysts predict that Orix Corp Ads will post 4.59 EPS for the current year.

Orix Corp Ads Profile

ORIX Corporation ADS NYSE: IX is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX's ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

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