ORIX Co. (NYSE:IX) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its holdings in shares of ORIX Co. (NYSE:IX) by 28.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,776 shares of the real estate investment trust’s stock after acquiring an additional 1,742 shares during the period. US Bancorp DE’s holdings in ORIX were worth $826,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IX. FMR LLC lifted 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 period. Todd Asset Management LLC lifted its stake in shares of ORIX by 0.6% during 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 purchasing an additional 2,224 shares during the period. Henry James International Management Inc. raised its position in shares of ORIX by 2.2% in the 4th quarter. Henry James International Management Inc. now owns 55,773 shares of the real estate investment trust’s stock worth $5,925,000 after buying an additional 1,218 shares during the period. QRG Capital Management Inc. grew its stake in shares of ORIX by 2.2% in the fourth quarter. QRG Capital Management Inc. now owns 54,607 shares of the real estate investment trust’s stock valued at $5,801,000 after buying an additional 1,178 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of ORIX by 133.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock worth $4,376,000 after buying an additional 23,595 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Stock Down 1.9 %

IX stock opened at $20.81 on Tuesday. ORIX Co. has a 12 month low of $18.11 and a 12 month high of $25.17. The firm has a market cap of $25.28 billion, a PE ratio of 1.81, a P/E/G ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a 50 day simple moving average of $20.85 and a 200 day simple moving average of $21.98.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share 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%. Equities research analysts forecast that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

Insider Activity at ORIX

In related news, major shareholder Corp Orix sold 18,500,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $15.08, for a total value of $278,906,000.00. Following the completion of the sale, the insider now owns 14,880,385 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.