US Bancorp DE Has $826,000 Stake in ORIX Co. (NYSE:IX)

US Bancorp DE lifted its holdings in ORIX Co. (NYSE:IX) by 28.9% during the 4th quarter, Holdings Channel reports. The fund owned 7,776 shares of the real estate investment trust’s stock after acquiring an additional 1,742 shares during the quarter. US Bancorp DE’s holdings in ORIX were worth $826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of ORIX in the third quarter valued at about $80,000. SG Americas Securities LLC bought a new position in ORIX during the 4th quarter worth approximately $123,000. Captrust Financial Advisors increased its stake in ORIX by 8.9% in the third quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 189 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in ORIX by 6.3% in the third quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 165 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in ORIX during the 3rd quarter worth $350,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

Insider Activity

In related news, major shareholder Corp Orix sold 18,500,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $15.08, for a total transaction of $278,906,000.00. Following the completion of the transaction, the insider now owns 14,880,385 shares in the company, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

ORIX Stock Performance

Shares of IX stock opened at $20.81 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. ORIX Co. has a 52 week low of $18.11 and a 52 week high of $25.17. The company’s 50 day moving average price is $20.85 and its two-hundred day moving average price is $21.98. The company has a market capitalization of $25.28 billion, a P/E ratio of 1.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94.

ORIX (NYSE:IX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. On average, analysts expect that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a report on Saturday, March 1st.

ORIX 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.