Sequoia Financial Advisors LLC Cuts Stock Holdings in ORIX Co. (NYSE:IX)

Sequoia Financial Advisors LLC lowered its position in ORIX Co. (NYSE:IX) by 4.2% in the third quarter, Holdings Channel.com reports. The firm owned 4,263 shares of the real estate investment trust’s stock after selling 188 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ORIX were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in ORIX by 26.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 305 shares during the period. Whittier Trust Co. increased its holdings in shares of ORIX by 7.5% in the 3rd quarter. Whittier Trust Co. now owns 9,098 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 633 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of ORIX by 469.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 14,584 shares during the period. Blue Trust Inc. boosted its holdings in ORIX by 186.9% during the third quarter. Blue Trust Inc. now owns 4,599 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 2,996 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in ORIX during the third quarter worth about $289,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

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

ORIX Stock Performance

Shares of IX stock opened at $104.40 on Monday. The stock has a fifty day moving average price of $117.04 and a 200 day moving average price of $112.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.77 and a current ratio of 1.81. The stock has a market cap of $24.24 billion, a PE ratio of 10.17, a P/E/G ratio of 0.91 and a beta of 0.90. ORIX Co. has a 1 year low of $86.05 and a 1 year high of $125.84.

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