Allspring Global Investments Holdings LLC Purchases 2,623 Shares of ORIX Co. (NYSE:IX)

Allspring Global Investments Holdings LLC increased its position in shares of ORIX Co. (NYSE:IXGet Rating) by 35.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,110 shares of the real estate investment trust’s stock after acquiring an additional 2,623 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ORIX were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IX. Ronald Blue Trust Inc. boosted its holdings in shares of ORIX by 158.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 310 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ORIX during the first quarter worth $60,000. Captrust Financial Advisors raised its position in ORIX by 80.7% during the first quarter. Captrust Financial Advisors now owns 833 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 372 shares during the period. Heritage Wealth Management LLC acquired a new position in ORIX during the second quarter worth $79,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of ORIX in the first quarter valued at about $208,000. Institutional investors and hedge funds own 1.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TheStreet cut shares of ORIX from a “b-” rating to a “c” rating in a research report on Monday, December 5th. StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th.

Insider Buying and Selling

In related news, major shareholder Corp Orix sold 3,750,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $87.75, for a total value of $329,062,500.00. Following the completion of the transaction, the insider now owns 7,238,577 shares of the company’s stock, valued at approximately $635,185,131.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

ORIX Stock Down 0.1 %

IX stock opened at $86.07 on Monday. The company’s 50 day moving average is $80.26 and its two-hundred day moving average is $79.15. The stock has a market cap of $20.73 billion, a P/E ratio of 8.76, a PEG ratio of 0.48 and a beta of 0.88. ORIX Co. has a twelve month low of $68.78 and a twelve month high of $109.54. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 1.43.

ORIX (NYSE:IXGet Rating) last posted its quarterly earnings data on Monday, November 7th. The real estate investment trust reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.48). The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.17 billion. ORIX had a net margin of 11.01% and a return on equity of 8.57%. Research analysts expect that ORIX Co. will post 8.84 earnings per share for the current fiscal year.

ORIX Company Profile

(Get Rating)

ORIX Corp. engages in the provision of leasing and corporate financial services. It operates through the following segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment offers leasing and loans to small and medium-sized enterprises.

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Institutional Ownership by Quarter for ORIX (NYSE:IX)

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