BNP Paribas Financial Markets Sells 101 Shares of ORIX Co. (NYSE:IX)

BNP Paribas Financial Markets decreased its position in ORIX Co. (NYSE:IX) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,900 shares of the real estate investment trust’s stock after selling 101 shares during the period. BNP Paribas Financial Markets’ holdings in ORIX were worth $337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 boosted 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 valued at $1,124,000 after acquiring an additional 821 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in ORIX during the 3rd quarter valued at $4,256,000. Cerity Partners LLC boosted its position in ORIX by 47.0% in the third quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock worth $2,364,000 after purchasing an additional 6,513 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in ORIX by 469.8% during 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 buying an additional 14,584 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

ORIX Stock Performance

Shares of NYSE IX opened at $109.35 on Friday. The company has a market cap of $25.39 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.10 and a beta of 0.92. The firm’s fifty day moving average is $109.76 and its two-hundred day moving average is $113.41. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. ORIX Co. has a 52-week low of $90.57 and a 52-week high of $125.84.

Insider Transactions at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.08% of the company’s stock.

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.