World Asset Management Inc lowered its stake in shares of ORIX Co. (NYSE:IX) by 40.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,008 shares of the real estate investment trust’s stock after selling 2,734 shares during the period. World Asset Management Inc’s holdings in ORIX were worth $287,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of IX. Cornerstone Advisors Inc. raised its stake in ORIX by 50.7% during the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 144 shares during the period. FNY Investment Advisers LLC purchased a new position in ORIX during the fourth quarter worth approximately $71,000. Csenge Advisory Group purchased a new position in ORIX during the third quarter worth approximately $102,000. Zions Bancorporation purchased a new position in ORIX during the third quarter worth approximately $106,000. Finally, We Are One Seven LLC purchased a new position in ORIX during the third quarter worth approximately $206,000. 1.86% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of ORIX from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st.
Shares of IX stock traded down $0.01 during mid-day trading on Wednesday, reaching $75.11. The company’s stock had a trading volume of 2,523 shares, compared to its average volume of 82,180. ORIX Co. has a 12-month low of $67.00 and a 12-month high of $92.68. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 1.38. The company has a market cap of $19.87 billion, a PE ratio of 68.28, a P/E/G ratio of 0.90 and a beta of 1.08.
ORIX (NYSE:IX) last issued its earnings results on Monday, January 28th. The real estate investment trust reported $2.81 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.17). ORIX had a net margin of 11.86% and a return on equity of 10.26%. The business had revenue of $4.74 billion during the quarter. Equities research analysts expect that ORIX Co. will post 11.61 EPS for the current fiscal year.
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ORIX Company Profile
ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
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