Orix Corp Ads (NYSE:IX) Holdings Boosted by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. increased its holdings in Orix Corp Ads by 397.2% during the 1st quarter, owning 34,346 shares worth approximately $717,000.
• Orix Corp Ads reported $0.65 EPS for the last quarter, surpassing analysts' expectations by $0.11, with revenue of $5.21 billion exceeding forecasts.
• Wall Street analysts upgraded Orix Corp Ads from a "hold" to a "strong-buy" rating, indicating positive sentiment toward the stock.

PNC Financial Services Group Inc. boosted its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 397.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,346 shares of the real estate investment trust's stock after purchasing an additional 27,438 shares during the period. PNC Financial Services Group Inc.'s holdings in Orix Corp Ads were worth $717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew 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 valued at $27,000 after acquiring an additional 1,010 shares in the last quarter. Aquatic Capital Management LLC grew 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 valued at $150,000 after acquiring an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 valued at $33,000 after acquiring an additional 1,096 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Orix Corp Ads during the 1st quarter valued at $34,000. Finally, Brentview Investment Management LLC purchased a new position in shares of Orix Corp Ads during the 1st quarter valued at $37,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Up 0.8%

IX stock opened at $25.45 on Wednesday. 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 has a 52-week low of $17.75 and a 52-week high of $25.54. The company has a 50-day moving average of $22.50 and a two-hundred day moving average of $21.20. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a report on Saturday.

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.

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