Wells Fargo & Company MN increased its position in shares of ORIX Co. (NYSE:IX) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 199,453 shares of the real estate investment trust’s stock after acquiring an additional 8,682 shares during the quarter. Wells Fargo & Company MN’s holdings in ORIX were worth $16,910,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation lifted its holdings in ORIX by 2,314.8% in the third quarter. Zions Bancorporation now owns 1,304 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,250 shares during the period. Boyd Watterson Asset Management LLC OH acquired a new position in shares of ORIX during the 4th quarter worth approximately $206,000. CAPROCK Group Inc. acquired a new position in shares of ORIX during the 4th quarter worth approximately $214,000. Sei Investments Co. raised its stake in shares of ORIX by 28.8% during the 3rd quarter. Sei Investments Co. now owns 2,850 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 637 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of ORIX during the 3rd quarter worth approximately $238,000. 1.84% of the stock is owned by hedge funds and other institutional investors.
ORIX Co. (NYSE:IX) opened at $88.87 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market capitalization of $22,289.37, a P/E ratio of 80.53, a PEG ratio of 0.99 and a beta of 1.60. ORIX Co. has a 52 week low of $73.70 and a 52 week high of $100.03.
ORIX (NYSE:IX) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.31 earnings per share for the quarter. ORIX had a return on equity of 11.36% and a net margin of 10.61%. The business had revenue of $6 billion during the quarter. research analysts anticipate that ORIX Co. will post 10.61 earnings per share for the current year.
Separately, Zacks Investment Research raised ORIX from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th.
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ORIX Corporation (ORIX) is a financial services company. The Company operates through six segments: Corporate Financial Services, which consists of lending, leasing and fee business; Maintenance Leasing, which consists of automobile leasing and rentals, car sharing, and test and measurement instruments and information technology-related equipment rentals and leasing; Real Estate, which consists of real estate development and rental, facility operation, real estate investment trust (REIT) asset management, and real estate investment advisory services; Investment and Operation, which consists of environment and energy-related business, principal investment and loan servicing (asset recovery); Retail Segment, which consists of life insurance, banking and card loan business, and Overseas Business, which consists of leasing, lending, investment in bonds, investment banking, asset management and ship- and aircraft-related operations.
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