Ritholtz Wealth Management Acquires 25,410 Shares of Orix Corp Ads $IX

Ritholtz Wealth Management increased its holdings in shares of Orix Corp Ads (NYSE:IX) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,097 shares of the real estate investment trust’s stock after acquiring an additional 25,410 shares during the period. Ritholtz Wealth Management’s holdings in Orix Corp Ads were worth $3,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IX. Royal Bank of Canada lifted its stake in Orix Corp Ads by 336.1% during the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 29,349 shares during the period. AQR Capital Management LLC boosted its holdings in Orix Corp Ads by 433.3% during the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after purchasing an additional 36,194 shares in the last quarter. Millennium Management LLC grew its stake in shares of Orix Corp Ads by 3,021.1% in the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after purchasing an additional 197,432 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Orix Corp Ads by 8,083.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Orix Corp Ads by 568.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after buying an additional 82,030 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IX. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings lowered Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Orix Corp Ads has an average rating of “Hold”.

Orix Corp Ads Trading Down 0.4%

Shares of IX stock opened at $38.31 on Friday. The company has a market capitalization of $42.54 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.29 and a beta of 0.88. Orix Corp Ads has a 12-month low of $22.05 and a 12-month high of $40.63. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $36.69 and a 200 day moving average price of $33.04.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The firm had revenue of $6.03 billion for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. Research analysts forecast that Orix Corp Ads will post 2.96 earnings per share for the current fiscal 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.