Ballentine Partners LLC Acquires New Stake in ORIX Co. (NYSE:IX)

Ballentine Partners LLC bought a new position in ORIX Co. (NYSE:IX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,020 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IX. Addison Advisors LLC bought a new stake in ORIX during the second quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in ORIX by 573.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 396 shares in the last quarter. GAMMA Investing LLC grew its position in ORIX by 27.7% during the first quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 182 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of ORIX by 135.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Price Performance

Shares of ORIX stock opened at $122.05 on Friday. The business’s 50 day simple moving average is $117.39 and its two-hundred day simple moving average is $110.85. ORIX Co. has a one year low of $86.05 and a one year high of $125.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77. The stock has a market capitalization of $28.34 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91.

ORIX (NYSE:IX) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The business had revenue of $4.54 billion during the quarter. Analysts forecast that ORIX Co. will post 11.23 EPS for the current year.

ORIX Company Profile

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.