ORIX Co. (NYSE:IX) Shares Bought by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of ORIX Co. (NYSE:IX) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,298 shares of the real estate investment trust’s stock after acquiring an additional 355 shares during the period. MML Investors Services LLC’s holdings in ORIX were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IX. Truist Financial Corp raised its position in shares of ORIX by 4.7% in the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 86 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in ORIX by 1.7% during the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after acquiring an additional 134 shares during the period. PDS Planning Inc increased its stake in ORIX by 7.0% during the third quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 146 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of ORIX by 6.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 165 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of ORIX by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Price Performance

Shares of IX stock opened at $106.04 on Tuesday. The firm has a fifty day simple moving average of $109.14 and a 200-day simple moving average of $113.34. The company has a market capitalization of $24.62 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. ORIX Co. has a twelve month low of $90.57 and a twelve month high of $125.84. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Insider Activity

In other news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.

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.