US Bancorp DE Raises Holdings in Orix Corp Ads (NYSE:IX)

Key Points

• US Bancorp DE significantly increased its stake in Orix Corp Ads by 466.8% during the first quarter, acquiring an additional 36,297 shares, bringing its total holdings to 44,073 shares worth approximately $921,000.
• Orix Corp Ads exceeded analysts' expectations by reporting $0.65 earnings per share, surpassing the consensus estimate of $0.54, with a revenue of $5.21 billion for the quarter.
• Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "strong-buy" rating, indicating increased investor confidence in the company's performance.

US Bancorp DE lifted its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 466.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,073 shares of the real estate investment trust's stock after purchasing an additional 36,297 shares during the period. US Bancorp DE's holdings in Orix Corp Ads were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky boosted its holdings in Orix Corp Ads by 400.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock worth $22,120,000 after buying an additional 847,120 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Orix Corp Ads by 1.3% in the fourth quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock valued at $45,123,000 after acquiring an additional 5,301 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Orix Corp Ads by 528.1% in the first quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock worth $5,914,000 after acquiring an additional 238,014 shares during the last quarter. Henry James International Management Inc. increased its position in shares of Orix Corp Ads by 400.0% during the first quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock worth $5,826,000 after purchasing an additional 223,096 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Orix Corp Ads by 352.5% during the first quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock worth $5,162,000 after purchasing an additional 192,478 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Analysts Set New Price Targets

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 Price Performance

IX traded down $0.03 during 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 company has a market cap of $28.97 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.95 and a beta of 0.92. The firm has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $21.20. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $25.53. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

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