Todd Asset Management LLC Sells 19,388 Shares of Orix Corp Ads $IX

Todd Asset Management LLC trimmed its position in shares of Orix Corp Ads (NYSE:IX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,827,626 shares of the real estate investment trust’s stock after selling 19,388 shares during the period. Todd Asset Management LLC’s holdings in Orix Corp Ads were worth $53,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Orix Corp Ads during the 3rd quarter valued at $659,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Orix Corp Ads during the 3rd quarter valued at $895,000. AlphaCore Capital LLC raised its position in shares of Orix Corp Ads by 6,402.7% during the 3rd quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock valued at $2,030,000 after purchasing an additional 76,512 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Orix Corp Ads by 8.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after acquiring an additional 88,100 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Orix Corp Ads by 17.6% during the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after acquiring an additional 95,796 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IX has been the subject of several research analyst reports. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

IX opened at $38.88 on Monday. The stock has a market capitalization of $43.16 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.29 and a beta of 0.84. The company has a fifty day moving average of $32.33 and a 200 day moving average of $30.84. Orix Corp Ads has a fifty-two week low of $20.36 and a fifty-two week high of $39.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.71 and a current ratio of 1.76.

Orix Corp Ads (NYSE:IX) last posted its 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 company had revenue of $6.03 billion during the quarter. As a group, sell-side analysts forecast that Orix Corp Ads will post 2.96 earnings per share 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.