Allspring Global Investments Holdings LLC Raises Holdings in Orix Corp Ads (NYSE:IX)

Allspring Global Investments Holdings LLC boosted its stake in shares of Orix Corp Ads (NYSE:IX) by 482.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,475 shares of the real estate investment trust’s stock after acquiring an additional 199,192 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Orix Corp Ads were worth $5,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Orix Corp Ads by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 21,181 shares of the real estate investment trust’s stock worth $2,250,000 after purchasing an additional 474 shares in the last quarter. US Bancorp DE lifted its stake in shares of Orix Corp Ads by 28.9% in the 4th quarter. US Bancorp DE now owns 7,776 shares of the real estate investment trust’s stock valued at $826,000 after purchasing an additional 1,742 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Orix Corp Ads by 282.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 941 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Orix Corp Ads by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,859 shares of the real estate investment trust’s stock valued at $2,959,000 after buying an additional 1,650 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Orix Corp Ads during the fourth quarter valued at $312,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock opened at $22.89 on Friday. The firm has a market cap of $26.08 billion, a PE ratio of 11.34, a P/E/G ratio of 0.82 and a beta of 0.86. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $21.09 and a 200 day moving average price of $20.81.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. Sell-side analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads 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.