Creative Planning Acquires 291 Shares of ORIX Co. (NYSE:IX)

Creative Planning raised its position in shares of ORIX Co. (NYSE:IX) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,676 shares of the real estate investment trust’s stock after purchasing an additional 291 shares during the period. Creative Planning’s holdings in ORIX were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in ORIX by 1.7% during the second quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock valued at $5,872,000 after purchasing an additional 858 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of ORIX by 135.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 485 shares in the last quarter. Blue Trust Inc. grew its position in shares of ORIX by 635.3% in the second quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 1,385 shares in the last quarter. Fifth Third Bancorp grew its position in shares of ORIX by 8.9% in the second quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock valued at $1,124,000 after purchasing an additional 821 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of ORIX by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock valued at $19,356,000 after purchasing an additional 30,400 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

ORIX Price Performance

ORIX stock opened at $108.95 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38. The business has a 50-day simple moving average of $115.09 and a 200 day simple moving average of $112.53. ORIX Co. has a 52 week low of $86.05 and a 52 week high of $125.84. The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.88 and a beta of 0.91.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The firm had revenue of $4.54 billion during the quarter. On average, research analysts forecast that ORIX Co. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.