Northern Trust Corp Buys 856,122 Shares of Orix Corp Ads $IX

Northern Trust Corp increased its stake in Orix Corp Ads (NYSE:IX) by 400.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,070,093 shares of the real estate investment trust’s stock after acquiring an additional 856,122 shares during the quarter. Northern Trust Corp owned 0.09% of Orix Corp Ads worth $22,354,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IX. Bruce G. Allen Investments LLC increased its stake in shares of Orix Corp Ads by 388.5% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,010 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Orix Corp Ads by 132,800.0% in the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,328 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Orix Corp Ads by 234.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,096 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Orix Corp Ads in the 1st quarter valued at $34,000. Finally, Brentview Investment Management LLC bought a new stake in shares of Orix Corp Ads in the 1st quarter valued at $37,000. Institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd.

Orix Corp Ads Stock Performance

Shares of IX stock opened at $25.88 on Monday. The firm has a market capitalization of $29.50 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The firm has a fifty day simple moving average of $23.64 and a two-hundred day simple moving average of $21.63. 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 12 month low of $17.75 and a 12 month high of $26.25.

Orix Corp Ads (NYSE:IX) last announced 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 business 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%. Analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

About Orix Corp Ads

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.