Marks Group Wealth Management Inc Makes New $484,000 Investment in Orix Corp Ads $IX

Marks Group Wealth Management Inc acquired a new stake in shares of Orix Corp Ads (NYSE:IX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,124 shares of the real estate investment trust’s stock, valued at approximately $484,000.

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Orix Corp Ads by 20.3% during the 1st quarter. Bank of New York Mellon Corp now owns 154,477 shares of the real estate investment trust’s stock worth $4,633,000 after buying an additional 26,052 shares during the period. Sanctuary Advisors LLC bought a new stake in Orix Corp Ads in the first quarter valued at $700,000. Calamos Wealth Management LLC grew its position in Orix Corp Ads by 16.3% in the first quarter. Calamos Wealth Management LLC now owns 163,340 shares of the real estate investment trust’s stock valued at $4,899,000 after acquiring an additional 22,938 shares during the period. Calamos Advisors LLC acquired a new position in Orix Corp Ads during the first quarter worth $4,899,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Orix Corp Ads by 14.3% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,295 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 1,912 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Orix Corp Ads Stock Down 1.9%

NYSE IX opened at $39.83 on Friday. The firm has a market cap of $44.22 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.87 and a beta of 0.89. Orix Corp Ads has a one year low of $22.18 and a one year high of $40.65. The stock’s 50 day simple moving average is $38.75 and its 200 day simple moving average is $34.11. 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 (NYSE:IX) last issued its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts forecast that Orix Corp Ads will post 4.64 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.