Marks Group Wealth Management Inc Purchases New Holdings in Orix Corp Ads $IX

Marks Group Wealth Management Inc bought a new stake in Orix Corp Ads (NYSE:IX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,124 shares of the real estate investment trust’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in Orix Corp Ads by 4.1% in the fourth quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 337 shares during the last quarter. Corient Private Wealth LLC lifted its position in Orix Corp Ads by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock valued at $1,026,000 after purchasing an additional 367 shares during the period. Net Worth Advisory Group lifted its position in Orix Corp Ads by 3.6% during the 4th quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 389 shares during the period. GAMMA Investing LLC boosted its stake in shares of Orix Corp Ads by 6.8% in the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 427 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Orix Corp Ads by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Trading Down 1.9%

NYSE:IX opened at $39.83 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.30. Orix Corp Ads has a 1-year low of $22.18 and a 1-year high of $40.65. The firm has a market capitalization of $44.22 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.87 and a beta of 0.89. The business’s 50-day moving average price is $38.75 and its two-hundred day moving average price is $34.11.

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 (EPS) for the quarter. The company had revenue of $6.03 billion during the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. On average, equities analysts expect that Orix Corp Ads will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IX. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Zacks Research raised shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings lowered shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.