QRG Capital Management Inc. Buys 672 Shares of ORIX Co. (NYSE:IX)

QRG Capital Management Inc. boosted its stake in shares of ORIX Co. (NYSE:IX) by 1.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,429 shares of the real estate investment trust’s stock after purchasing an additional 672 shares during the quarter. QRG Capital Management Inc.’s holdings in ORIX were worth $6,200,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Addison Advisors LLC acquired a new position in shares of ORIX during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of ORIX by 573.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 396 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of ORIX by 135.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 485 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 93 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

ORIX Stock Up 2.0 %

Shares of IX stock opened at $108.95 on Wednesday. The stock has a 50 day moving average of $115.09 and a 200-day moving average of $112.53. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38. The firm has a market cap of $25.30 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. ORIX Co. has a 12 month low of $86.05 and a 12 month high of $125.84.

ORIX (NYSE:IX) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. The business had revenue of $4.54 billion during the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. On average, equities analysts predict that ORIX Co. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a report 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.