Bank of New York Mellon Corp Acquires 474 Shares of ORIX Co. (NYSE:IX)

Bank of New York Mellon Corp boosted its holdings in ORIX Co. (NYSE:IX) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,181 shares of the real estate investment trust’s stock after acquiring an additional 474 shares during the quarter. Bank of New York Mellon Corp’s holdings in ORIX were worth $2,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IX. Wilmington Savings Fund Society FSB bought a new position in shares of ORIX during the 3rd quarter valued at about $80,000. SG Americas Securities LLC bought a new position in shares of ORIX during the 4th quarter valued at about $123,000. Captrust Financial Advisors increased its position in shares of ORIX by 8.9% during the 3rd 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 during the last quarter. Glenmede Trust Co. NA increased its position in shares of ORIX by 6.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 165 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of ORIX during the 3rd quarter valued at about $350,000. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

ORIX Price Performance

Shares of ORIX stock opened at $21.65 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $24.67 billion, a PE ratio of 1.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The business’s 50-day moving average price is $20.90 and its 200-day moving average price is $21.80. ORIX Co. has a 12 month low of $18.11 and a 12 month high of $25.17.

ORIX (NYSE:IX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. Sell-side analysts forecast that ORIX Co. will post 11.31 EPS for the current fiscal year.

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.