ORIX Co. (NYSE:IX) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in ORIX Co. (NYSE:IX) by 198.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,353 shares of the real estate investment trust’s stock after acquiring an additional 4,893 shares during the period. JPMorgan Chase & Co.’s holdings in ORIX were worth $853,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after purchasing an additional 58,178 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in ORIX during the 3rd quarter worth $4,256,000. World Investment Advisors LLC acquired a new position in ORIX in the 3rd quarter worth $2,600,000. Teachers Retirement System of The State of Kentucky boosted its position in ORIX by 12.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock valued at $21,997,000 after buying an additional 22,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of ORIX by 469.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock valued at $2,053,000 after acquiring an additional 14,584 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Stock Performance

Shares of ORIX stock opened at $105.77 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. ORIX Co. has a 1 year low of $90.57 and a 1 year high of $125.84. The firm’s 50-day simple moving average is $107.39 and its 200-day simple moving average is $112.37. The firm has a market cap of $24.56 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92.

ORIX (NYSE:IX) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.32. The firm had revenue of $4.67 billion for the quarter. ORIX had a return on equity of 10.01% and a net margin of 14.08%. During the same quarter last year, the business earned $1.94 earnings per share. Equities analysts forecast that ORIX Co. will post 10.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

ORIX Company Profile

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.