Envestnet Portfolio Solutions Inc. Purchases New Position in ORIX Co. (NYSE:IX)

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ORIX Co. (NYSE:IX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,024 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of ORIX during the third quarter valued at approximately $80,000. SG Americas Securities LLC bought a new stake in ORIX in the fourth quarter valued at $123,000. Smartleaf Asset Management LLC increased its position in ORIX by 282.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 941 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in ORIX by 9.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,225 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 197 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of ORIX by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Stock Down 2.2 %

IX stock opened at $21.19 on Friday. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 1.84, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The business’s 50 day moving average price is $21.01 and its two-hundred day moving average price is $21.70. ORIX Co. has a fifty-two week low of $18.11 and a fifty-two week high of $25.17.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping 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 fiscal year.

Analyst Ratings Changes

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

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.