ORIX (NYSE:IX) Sees Large Volume Increase – Here’s What Happened

ORIX Co. (NYSE:IX) saw unusually-strong trading volume on Friday . Approximately 556,541 shares traded hands during trading, an increase of 192% from the previous session’s volume of 190,529 shares.The stock last traded at $21.21 and had previously closed at $20.91.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st.

ORIX Stock Up 1.6 %

The stock has a market cap of $25.81 billion, a PE ratio of 1.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average price of $20.86 and a 200-day moving average price of $22.01.

ORIX (NYSE:IX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. As a group, analysts forecast that ORIX Co. will post 11.31 earnings per share for the current year.

Insider Activity at ORIX

In related news, major shareholder Corp Orix sold 18,500,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $15.08, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now directly owns 14,880,385 shares of the company’s stock, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of ORIX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of ORIX by 9.9% in the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after acquiring an additional 58,178 shares during the last quarter. Bank of America Corp DE increased its stake in shares of ORIX by 1.3% in the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock worth $45,123,000 after acquiring an additional 5,301 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of ORIX by 0.6% in the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust’s stock worth $36,779,000 after acquiring an additional 2,224 shares during the last quarter. Northern Trust Corp increased its position in shares of ORIX by 62.8% during the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust’s stock worth $22,730,000 after purchasing an additional 82,529 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of ORIX by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust’s stock worth $22,497,000 after purchasing an additional 14,140 shares during the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

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.