Charles Schwab Investment Management Inc. Raises Position in ORIX Co. (NYSE:IX)

Charles Schwab Investment Management Inc. increased its stake in ORIX Co. (NYSE:IX) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,859 shares of the real estate investment trust’s stock after purchasing an additional 1,650 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ORIX were worth $2,959,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC increased its stake in shares of ORIX by 3.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 129 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in ORIX by 1.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after acquiring an additional 134 shares during the period. Caprock Group LLC lifted its position in shares of ORIX by 3.5% during the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 148 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of ORIX by 6.3% in the third quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 165 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of ORIX by 8.9% in the third quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

ORIX Price Performance

Shares of NYSE:IX opened at $21.69 on Friday. The company has a 50 day moving average of $21.00 and a 200 day moving average of $21.72. 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 stock has a market cap of $24.72 billion, a P/E ratio of 1.89, a P/E/G ratio of 0.97 and a beta of 0.94. ORIX Co. has a 12 month low of $18.11 and a 12 month high of $25.17.

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

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.