International Assets Investment Management LLC Takes $2.72 Million Position in ORIX Co. (NYSE:IX)

International Assets Investment Management LLC acquired a new stake in ORIX Co. (NYSE:IX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,138 shares of the real estate investment trust’s stock, valued at approximately $2,721,000.

Other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of ORIX in the fourth quarter valued at approximately $25,000. Bruce G. Allen Investments LLC purchased a new stake in ORIX in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its holdings in ORIX by 57.5% in the third quarter. Tower Research Capital LLC TRC now owns 663 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 242 shares during the period. Blue Trust Inc. grew its holdings in ORIX by 107.8% in the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 318 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ORIX in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ORIX from a “buy” rating to a “hold” rating in a research note on Monday, March 25th.

ORIX Trading Down 0.4 %

IX opened at $101.53 on Friday. The stock has a market capitalization of $23.58 billion, a PE ratio of 11.87, a P/E/G ratio of 0.71 and a beta of 0.85. The firm’s fifty day moving average price is $105.78 and its 200 day moving average price is $97.09. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.79 and a quick ratio of 1.75. ORIX Co. has a 12-month low of $82.67 and a 12-month high of $113.43.

ORIX (NYSE:IX) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter. The firm had revenue of $4.59 billion for the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. As a group, research analysts expect that ORIX Co. will post 9.01 EPS for the current fiscal year.

ORIX 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.