Todd Asset Management LLC Cuts Stock Holdings in Orix Corp Ads $IX

by · The Cerbat Gem

Todd Asset Management LLC decreased its position in shares of Orix Corp Ads (NYSE:IX – Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,827,626 shares of the real estate investment trust’s stock after selling 19,388 shares during the quarter. Todd Asset Management LLC owned 0.16% of Orix Corp Ads worth $53,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in IX. V Square Quantitative Management LLC purchased a new stake in shares of Orix Corp Ads during the fourth quarter valued at approximately $34,000. Geneos Wealth Management Inc. grew its holdings in shares of Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 2,033 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Orix Corp Ads by 56.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares during the period. Jones Financial Companies Lllp lifted its position in Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 5,497 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Orix Corp Ads by 217.4% during the third quarter. Russell Investments Group Ltd. now owns 4,497 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 3,080 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IX. Weiss Ratings restated a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Orix Corp Ads currently has an average rating of “Buy”.

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Orix Corp Ads Stock Up 0.1%

IX opened at $38.88 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30. Orix Corp Ads has a 1-year low of $20.36 and a 1-year high of $39.38. The company has a market capitalization of $43.16 billion, a PE ratio of 14.56, a PEG ratio of 1.29 and a beta of 0.84. The firm’s 50 day simple moving average is $32.33 and its two-hundred day simple moving average is $30.84.

Orix Corp Ads (NYSE:IX – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The business had revenue of $6.03 billion for the quarter. As a group, equities analysts forecast that Orix Corp Ads will post 2.96 EPS for the current year.

Orix Corp Ads Profile

(Free Report)

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.

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