Boston Private Wealth LLC Has $801,000 Stock Position in ORIX Co. (NYSE:IX)

Boston Private Wealth LLC increased its position in ORIX Co. (NYSE:IX) by 6.0% in the first quarter, Holdings Channel.com reports. The firm owned 9,458 shares of the real estate investment trust’s stock after acquiring an additional 533 shares during the period. Boston Private Wealth LLC’s holdings in ORIX were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Graves Light Private Wealth Management Inc. bought a new position in ORIX during the fourth quarter worth about $44,000. JPMorgan Chase & Co. boosted its holdings in ORIX by 32.5% during the fourth quarter. JPMorgan Chase & Co. now owns 575 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 141 shares during the last quarter. Parallel Advisors LLC boosted its holdings in ORIX by 12.7% during the fourth quarter. Parallel Advisors LLC now owns 1,293 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 146 shares during the last quarter. Baldwin Brothers Inc. MA boosted its holdings in ORIX by 35.6% during the first quarter. Baldwin Brothers Inc. MA now owns 2,244 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 589 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in ORIX during the first quarter worth about $209,000. Hedge funds and other institutional investors own 1.59% of the company’s stock.

Separately, Zacks Investment Research cut ORIX from a “hold” rating to a “sell” rating in a report on Tuesday, May 11th.

NYSE:IX opened at $90.02 on Friday. ORIX Co. has a fifty-two week low of $53.61 and a fifty-two week high of $91.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.41 and a quick ratio of 1.38. The company has a market cap of $22.01 billion, a PE ratio of 12.30, a PEG ratio of 0.66 and a beta of 0.89. The company’s 50-day simple moving average is $84.81.

ORIX (NYSE:IX) last released its quarterly earnings data on Thursday, May 13th. The real estate investment trust reported $1.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by ($0.25). ORIX had a net margin of 8.39% and a return on equity of 6.34%. The business had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.63 billion. Equities analysts anticipate that ORIX Co. will post 10.3 earnings per share for the current year.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the Americas, Asia, Europe, Australasia, the Middle East, and internationally. The company's Corporate Financial Services segment offers leasing, loans, life insurance, environment and energy, auto leasing related, and other fee based services to primarily small- and medium-sized enterprises.

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Institutional Ownership by Quarter for ORIX (NYSE:IX)

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