Bank of New York Mellon Corp Acquires 474 Shares of ORIX Co. (NYSE:IX)

Bank of New York Mellon Corp increased its holdings in shares of ORIX Co. (NYSE:IX) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,181 shares of the real estate investment trust’s stock after acquiring an additional 474 shares during the quarter. Bank of New York Mellon Corp’s holdings in ORIX were worth $2,250,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ABC Arbitrage SA bought a new stake in ORIX during the fourth quarter worth $865,000. JPMorgan Chase & Co. increased its position in ORIX by 198.9% in the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock worth $853,000 after buying an additional 4,893 shares during the last quarter. Cerity Partners LLC increased its position in ORIX by 47.0% in the third quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock worth $2,364,000 after buying an additional 6,513 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in ORIX by 8.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock worth $3,887,000 after buying an additional 2,775 shares during the last quarter. Finally, MML Investors Services LLC increased its position in ORIX by 12.1% in the third quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 355 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

ORIX Stock Performance

NYSE:IX opened at $21.65 on Friday. 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 business has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $21.80. ORIX Co. has a 1 year low of $18.11 and a 1 year high of $25.17. The company has a market capitalization of $24.67 billion, a P/E ratio of 1.88, a P/E/G ratio of 0.97 and a beta of 0.94.

ORIX (NYSE:IX) last announced 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%. On average, analysts expect that ORIX Co. will post 11.31 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.