Royal Bank of Canada Purchases 47,544 Shares of Orix Corp Ads $IX

Key Points

• Royal Bank of Canada increased its Orix Corp Ads position by 116.2%, purchasing 47,544 additional shares to hold 88,450 shares valued at approximately $2.65 million.
• Several other institutional investors also raised their stakes, including Quantinno Capital Management and Charles Schwab Investment Management; institutional investors collectively own 1.73% of the stock.
• Analyst opinions are mixed, with recent downgrades to “Hold” offset by a “Buy” upgrade, resulting in a consensus “Moderate Buy” rating. Orix reported quarterly EPS of $1.57 on $7.06 billion in revenue, while shares recently traded at $40.09.

Royal Bank of Canada boosted its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 116.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 88,450 shares of the real estate investment trust's stock after purchasing an additional 47,544 shares during the quarter. Royal Bank of Canada's holdings in Orix Corp Ads were worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Orix Corp Ads by 1.5% in the fourth quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust's stock worth $149,546,000 after buying an additional 74,473 shares in the last quarter. Bank of America Corp DE increased its position in shares of Orix Corp Ads by 0.9% during the third quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust's stock valued at $62,042,000 after acquiring an additional 21,330 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Orix Corp Ads by 16.3% during the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust's stock valued at $27,723,000 after acquiring an additional 129,739 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in Orix Corp Ads by 6.4% in the 4th quarter. Eagle Global Advisors LLC now owns 334,998 shares of the real estate investment trust's stock worth $9,789,000 after acquiring an additional 20,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Orix Corp Ads by 29.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,170 shares of the real estate investment trust's stock worth $8,303,000 after acquiring an additional 65,067 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IX has been the topic of several recent analyst reports. Wall Street Zen downgraded Orix Corp Ads from a "buy" rating to a "hold" rating in a research note on Sunday, June 7th. Zacks Research cut Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Orix Corp Ads currently has a consensus rating of "Moderate Buy".

Orix Corp Ads Price Performance

Shares of IX opened at $40.09 on Monday. The firm has a fifty day simple moving average of $39.56 and a two-hundred day simple moving average of $35.58. The firm has a market cap of $44.51 billion, a PE ratio of 11.08, a P/E/G ratio of 0.73 and a beta of 0.88. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. Orix Corp Ads has a 1-year low of $24.19 and a 1-year high of $42.39.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. The company had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. On average, equities analysts anticipate that Orix Corp Ads will post 5.52 EPS for the current year.

Orix Corp Ads Company 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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