Northwestern Mutual Wealth Management Co. Acquires 62,892 Shares of Orix Corp Ads $IX

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Orix Corp Ads (NYSE:IX) by 12,914.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,379 shares of the real estate investment trust’s stock after buying an additional 62,892 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Orix Corp Ads were worth $1,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IX. Quantinno Capital Management LP grew its stake in shares of Orix Corp Ads by 88.2% during the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after buying an additional 225,580 shares during the last quarter. Millennium Management LLC grew its stake in shares of Orix Corp Ads by 3,021.1% during the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after buying an additional 197,432 shares during the last quarter. Calamos Wealth Management LLC bought a new position in shares of Orix Corp Ads during the fourth quarter valued at approximately $4,103,000. Todd Asset Management LLC grew its stake in shares of Orix Corp Ads by 6.1% during the third 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 buying an additional 105,837 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Orix Corp Ads by 4.4% during 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 buying an additional 99,516 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Orix Corp Ads Price Performance

NYSE IX opened at $38.56 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.71 and a current ratio of 1.76. The firm’s 50 day moving average price is $32.86 and its 200-day moving average price is $31.14. Orix Corp Ads has a 52-week low of $20.93 and a 52-week high of $40.00. The company has a market cap of $42.81 billion, a PE ratio of 14.44, a P/E/G ratio of 1.33 and a beta of 0.84.

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