JPMorgan Chase & Co. Boosts Position in Orix Corp Ads $IX

JPMorgan Chase & Co. raised its holdings in shares of Orix Corp Ads (NYSE:IX) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,101 shares of the real estate investment trust’s stock after buying an additional 18,623 shares during the period. JPMorgan Chase & Co.’s holdings in Orix Corp Ads were worth $4,417,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Quantinno Capital Management LP raised its stake in shares of Orix Corp Ads by 88.2% in the 2nd quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after acquiring an additional 225,580 shares during the period. Millennium Management LLC increased its holdings in 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 in the last quarter. Todd Asset Management LLC increased its holdings in Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after purchasing an additional 105,837 shares in the last quarter. Bank of America Corp DE raised its position in Orix Corp Ads by 4.4% in the second quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock valued at $53,011,000 after purchasing an additional 99,516 shares during the period. Finally, American Century Companies Inc. raised its position in Orix Corp Ads by 17.6% in the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after purchasing an additional 95,796 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Down 1.4%

Shares of NYSE:IX opened at $30.03 on Friday. The firm has a market cap of $33.34 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. The company has a fifty day simple moving average of $32.17 and a 200 day simple moving average of $28.91. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $37.04.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $4.38 billion. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. On average, equities research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IX shares. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Orix Corp Ads

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.