Creative Planning Increases Holdings in ORIX Co. (NYSE:IX)

Creative Planning boosted its holdings in shares of ORIX Co. (NYSE:IX) by 6.6% during the third quarter, Holdings Channel reports. The firm owned 4,676 shares of the real estate investment trust’s stock after acquiring an additional 291 shares during the quarter. Creative Planning’s holdings in ORIX were worth $543,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in ORIX by 1.7% during the 2nd quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock valued at $5,872,000 after purchasing an additional 858 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ORIX by 135.9% during the 1st 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 during the period. Blue Trust Inc. grew its holdings in shares of ORIX by 635.3% during the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 1,385 shares during the period. Fifth Third Bancorp grew its holdings in shares of ORIX by 8.9% during the 2nd quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock worth $1,124,000 after acquiring an additional 821 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of ORIX by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock worth $19,356,000 after acquiring an additional 30,400 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Stock Up 2.0 %

IX stock opened at $108.95 on Wednesday. ORIX Co. has a fifty-two week low of $86.05 and a fifty-two week high of $125.84. The business’s 50 day moving average price is $115.09 and its two-hundred day moving average price is $112.53. 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 company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91.

ORIX (NYSE:IX) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. The firm had revenue of $4.54 billion for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. As a group, analysts forecast that ORIX Co. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.