LPL Financial LLC Buys 867 Shares of ORIX Co. (NYSE:IX)

LPL Financial LLC grew its stake in shares of ORIX Co. (NYSE:IX) by 48.7% in the fourth quarter, Holdings Channel reports. The fund owned 2,648 shares of the real estate investment trust’s stock after acquiring an additional 867 shares during the quarter. LPL Financial LLC’s holdings in ORIX were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in ORIX during the third quarter worth about $80,000. SG Americas Securities LLC bought a new position in ORIX in the 4th quarter worth approximately $123,000. Smartleaf Asset Management LLC grew its stake in ORIX by 282.6% in 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 buying an additional 941 shares in the last quarter. Gitterman Wealth Management LLC grew its stake in ORIX by 9.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 162 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in ORIX during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analyst Ratings Changes

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

ORIX Stock Up 0.6 %

IX stock opened at $20.12 on Tuesday. The stock has a 50-day simple moving average of $20.34 and a two-hundred day simple moving average of $21.05. ORIX Co. has a twelve month low of $17.75 and a twelve month high of $25.17. The firm has a market capitalization of $22.93 billion, a PE ratio of 1.75, a PEG ratio of 0.97 and a beta of 0.78. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. On average, equities analysts predict that ORIX Co. will post 11.31 EPS for the current fiscal year.

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.