Bank of America Corp DE Has $86.79 Million Stock Position in Orix Corp Ads $IX

Bank of America Corp DE increased its holdings in Orix Corp Ads (NYSE:IX) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,893,892 shares of the real estate investment trust’s stock after acquiring an additional 25,662 shares during the period. Bank of America Corp DE’s holdings in Orix Corp Ads were worth $86,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IX. Quantinno Capital Management LP grew its stake in Orix Corp Ads by 88.2% during 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 in the last quarter. Millennium Management LLC increased its holdings in shares of 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 during the period. Calamos Advisors LLC purchased a new stake in shares of Orix Corp Ads in the first quarter worth approximately $4,899,000. Calamos Wealth Management LLC purchased a new stake in shares of Orix Corp Ads in the fourth quarter worth approximately $4,103,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Orix Corp Ads in the first quarter worth approximately $3,287,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Orix Corp Ads Stock Performance

Shares of NYSE IX opened at $40.09 on Friday. The business’s 50-day moving average price is $39.44 and its two-hundred day moving average price is $35.20. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. Orix Corp Ads has a one year low of $24.19 and a one year high of $42.39. The company has a market capitalization of $44.51 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. Orix Corp Ads had a return on equity of 13.08% and a net margin of 18.02%.The company had revenue of $7.06 billion during the quarter. Analysts anticipate that Orix Corp Ads will post 4.59 earnings per share for the current fiscal year.

Orix Corp Ads Company 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.