Orix Corp Ads $IX Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Orix Corp Ads (NYSE:IX) by 88.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,167 shares of the real estate investment trust’s stock after selling 208,191 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Orix Corp Ads were worth $675,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Orix Corp Ads by 121.9% in the 3rd quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock valued at $2,453,000 after purchasing an additional 51,595 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Orix Corp Ads during the second quarter worth about $892,000. Rhumbline Advisers grew its position in Orix Corp Ads by 305.7% during the first quarter. Rhumbline Advisers now owns 43,196 shares of the real estate investment trust’s stock worth $902,000 after buying an additional 32,548 shares during the period. Hantz Financial Services Inc. increased its holdings in Orix Corp Ads by 1,105.8% in the second quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 2,278 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Orix Corp Ads during the 2nd quarter valued at approximately $338,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Up 1.5%

Shares of NYSE:IX opened at $30.63 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $34.91 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.94 and a beta of 0.73. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $30.66. The stock’s fifty day simple moving average is $27.68 and its 200-day simple moving average is $25.76.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.42. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. As a group, equities research analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.