Savvy Advisors Inc. Buys 12,388 Shares of Orix Corp Ads (NYSE:IX)

Key Points

• Savvy Advisors Inc. significantly increased its stake in Orix Corp Ads by 460.2%, owning 15,080 shares valued at $315,000 as of the latest SEC filing.
• Orix Corp Ads reported a quarterly EPS of $0.65, exceeding analysts' expectations of $0.54, with revenue of $5.21 billion compared to estimates of $4.96 billion.
• Recently, Orix Corp Ads was upgraded from a "hold" to a "strong-buy" rating by Wall Street Zen, indicating greater confidence in the stock's future performance.

Savvy Advisors Inc. boosted its stake in Orix Corp Ads (NYSE:IX - Free Report) by 460.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,080 shares of the real estate investment trust's stock after purchasing an additional 12,388 shares during the quarter. Savvy Advisors Inc.'s holdings in Orix Corp Ads were worth $315,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after buying an additional 2,221 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Orix Corp Ads by 202.9% during the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock worth $236,000 after buying an additional 7,570 shares during the last quarter. GAMMA Investing LLC increased its holdings in Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,420 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Orix Corp Ads during the fourth quarter worth about $273,000. Finally, Sequoia Financial Advisors LLC increased its holdings in Orix Corp Ads by 352.1% during the first quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust's stock worth $428,000 after buying an additional 15,969 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Orix Corp Ads Trading Down 0.1%

Shares of IX traded down $0.03 during mid-day trading on Wednesday, reaching $25.42. The company's stock had a trading volume of 86,755 shares, compared to its average volume of 221,949. The stock has a market cap of $28.97 billion, a PE ratio of 11.63, a P/E/G ratio of 0.95 and a beta of 0.92. 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 has a 52 week low of $17.75 and a 52 week high of $25.53. The company's fifty day moving average price is $22.50 and its two-hundred day moving average price is $21.20.

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 analysts' consensus estimates of $0.54 by $0.11. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. On average, analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

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.