First Trust Direct Indexing L.P. Cuts Stock Position in ORIX Co. (NYSE:IX)

First Trust Direct Indexing L.P. trimmed its holdings in shares of ORIX Co. (NYSE:IX) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,441 shares of the real estate investment trust’s stock after selling 980 shares during the period. First Trust Direct Indexing L.P.’s holdings in ORIX were worth $2,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new stake in shares of ORIX in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new position in ORIX during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC increased its stake in shares of ORIX by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Blue Trust Inc. raised its position in shares of ORIX by 107.8% in the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 318 shares during the period. Finally, GAMMA Investing LLC bought a new position in ORIX in the 4th quarter worth approximately $63,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.

ORIX Trading Up 1.7 %

Shares of ORIX stock opened at $114.77 on Friday. The company’s 50-day moving average price is $108.12 and its 200-day moving average price is $103.58. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. ORIX Co. has a 12-month low of $86.05 and a 12-month high of $115.13. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 11.18 and a beta of 0.90.

ORIX (NYSE:IX) last announced its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 EPS for the quarter. The firm had revenue of $5.19 billion during the quarter. ORIX had a net margin of 12.25% and a return on equity of 8.88%. On average, equities analysts expect that ORIX Co. will post 10.58 earnings per share 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.