Ritholtz Wealth Management Buys New Position in ORIX Co. (NYSE:IX)

Ritholtz Wealth Management bought a new stake in shares of ORIX Co. (NYSE:IX) during the 1st quarter, HoldingsChannel reports. The firm bought 7,687 shares of the real estate investment trust’s stock, valued at approximately $652,000.

Several other large investors also recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of ORIX by 2.9% during the 1st quarter. Signaturefd LLC now owns 4,839 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 135 shares during the period. JPMorgan Chase & Co. grew its stake in ORIX by 32.5% during the 4th quarter. JPMorgan Chase & Co. now owns 575 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 141 shares in the last quarter. Parallel Advisors LLC grew its stake in ORIX by 12.7% during the 4th quarter. Parallel Advisors LLC now owns 1,293 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 146 shares in the last quarter. Rhumbline Advisers grew its stake in ORIX by 5.3% during the 4th quarter. Rhumbline Advisers now owns 3,750 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 190 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich grew its stake in ORIX by 3.2% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 6,780 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 1.59% of the company’s stock.

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

Shares of 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’s 50 day simple moving average is $84.81. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.66 and a beta of 0.89.

ORIX (NYSE:IX) last issued its earnings results on Thursday, May 13th. The real estate investment trust reported $1.94 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.25). The firm had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.63 billion. ORIX had a return on equity of 6.34% and a net margin of 8.39%. As a group, equities analysts anticipate that ORIX Co. will post 10.3 EPS 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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