Addison Advisors LLC Makes New Investment in ORIX Co. (NYSE:IX)

Addison Advisors LLC purchased a new position in shares of ORIX Co. (NYSE:IX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 259 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of 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 worth $5,872,000 after purchasing an additional 858 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of ORIX by 20.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 2,959 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 485 shares during the period. Blue Trust Inc. raised its stake in ORIX by 635.3% in the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,385 shares during the period. Finally, Fifth Third Bancorp raised its stake in ORIX by 8.9% in 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 period. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Stock Down 3.0 %

IX opened at $118.16 on Friday. ORIX Co. has a 1-year low of $86.05 and a 1-year high of $125.84. The stock’s fifty day simple moving average is $116.83 and its 200 day simple moving average is $110.38. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. The stock has a market cap of $27.44 billion, a PE ratio of 11.51 and a beta of 0.90.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The business had revenue of $4.54 billion for the quarter. As a group, research analysts expect that ORIX Co. will post 10.71 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.