Todd Asset Management LLC Buys 105,837 Shares of Orix Corp Ads $IX

Todd Asset Management LLC lifted its stake in shares of Orix Corp Ads (NYSE:IX) by 6.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,847,014 shares of the real estate investment trust’s stock after acquiring an additional 105,837 shares during the period. Todd Asset Management LLC owned approximately 0.16% of Orix Corp Ads worth $48,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in Orix Corp Ads by 121.9% during the 3rd quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock valued at $2,453,000 after buying an additional 51,595 shares during the period. Vise Technologies Inc. purchased a new stake in shares of Orix Corp Ads during the second quarter worth about $892,000. Simon Quick Advisors LLC bought a new stake in shares of Orix Corp Ads in the second quarter worth about $338,000. Hantz Financial Services Inc. increased its holdings in Orix Corp Ads by 1,105.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 2,278 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in Orix Corp Ads during the 2nd quarter valued at about $247,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IX has been the topic of several research analyst reports. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research note 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Orix Corp Ads Trading Down 0.8%

Shares of NYSE IX opened at $36.32 on Monday. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $37.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77. The firm has a 50-day moving average of $30.41 and a 200 day moving average of $27.38. The stock has a market cap of $41.40 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.38 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%. As a group, sell-side analysts expect that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

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.