ORIX Co. (NYSE:IX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in ORIX Co. (NYSE:IX) by 31.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,484 shares of the real estate investment trust’s stock after selling 2,091 shares during the quarter. Corient Private Wealth LLC’s holdings in ORIX were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IX. Gitterman Wealth Management LLC boosted its position in ORIX by 9.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 162 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of ORIX during the fourth quarter worth about $215,000. Natixis Advisors LLC boosted its position in shares of ORIX by 0.7% in the fourth quarter. Natixis Advisors LLC now owns 39,824 shares of the real estate investment trust’s stock worth $4,231,000 after buying an additional 294 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of ORIX by 6.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,536 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 273 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of ORIX by 40.6% during the 4th quarter. HighTower Advisors LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $1,038,000 after buying an additional 2,822 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Price Performance

IX opened at $21.19 on Friday. ORIX Co. has a twelve month low of $18.11 and a twelve month high of $25.17. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 1.84, a PEG ratio of 0.97 and a beta of 0.94. 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 company has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $21.69.

ORIX (NYSE:IX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 expect that ORIX Co. will post 11.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a research 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.