Orix Corp Ads $IX Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in shares of Orix Corp Ads (NYSE:IX) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,177 shares of the real estate investment trust’s stock after acquiring an additional 3,092 shares during the period. QRG Capital Management Inc.’s holdings in Orix Corp Ads were worth $5,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its position in shares of Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,010 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,328 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,096 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Orix Corp Ads during the 1st quarter worth approximately $34,000. Finally, Brentview Investment Management LLC purchased a new stake in shares of Orix Corp Ads during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Orix Corp Ads in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Orix Corp Ads Stock Up 1.0%

IX stock opened at $25.78 on Monday. The company has a fifty day moving average price of $25.64 and a 200 day moving average price of $22.62. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.21. The company has a market cap of $29.38 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.96 billion. Sell-side analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current 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.