Bank of America Corp DE Acquires 57,084 Shares of ORIX Co. (IX)

Bank of America Corp DE increased its holdings in shares of ORIX Co. (NYSE:IX) by 14.2% in the 2nd quarter, Holdings Channel reports. The firm owned 459,273 shares of the real estate investment trust’s stock after acquiring an additional 57,084 shares during the quarter. Bank of America Corp DE’s holdings in ORIX were worth $36,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Morgan Stanley raised its holdings in shares of ORIX by 2.6% during the second quarter. Morgan Stanley now owns 470,416 shares of the real estate investment trust’s stock worth $37,168,000 after purchasing an additional 11,846 shares during the last quarter. Todd Asset Management LLC increased its holdings in ORIX by 0.6% in the second quarter. Todd Asset Management LLC now owns 284,796 shares of the real estate investment trust’s stock valued at $22,502,000 after buying an additional 1,572 shares in the last quarter. Aperio Group LLC increased its holdings in ORIX by 6.3% in the second quarter. Aperio Group LLC now owns 283,829 shares of the real estate investment trust’s stock valued at $22,425,000 after buying an additional 16,703 shares in the last quarter. Northern Trust Corp increased its holdings in ORIX by 4.5% in the first quarter. Northern Trust Corp now owns 268,062 shares of the real estate investment trust’s stock valued at $24,088,000 after buying an additional 11,486 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in ORIX by 2.8% in the second quarter. Wells Fargo & Company MN now owns 201,600 shares of the real estate investment trust’s stock valued at $15,929,000 after buying an additional 5,489 shares in the last quarter. 2.00% of the stock is owned by hedge funds and other institutional investors.

In other ORIX news, major shareholder Orix Hlhz Holding Llc sold 44,712 shares of ORIX stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $49.02, for a total value of $2,191,782.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Separately, Zacks Investment Research raised shares of ORIX from a “sell” rating to a “hold” rating in a report on Thursday, July 12th.

IX opened at $82.81 on Thursday. ORIX Co. has a fifty-two week low of $77.11 and a fifty-two week high of $100.03. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.50 and a quick ratio of 1.47. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 77.67, a PEG ratio of 1.03 and a beta of 1.42.

ORIX (NYSE:IX) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $2.86 earnings per share for the quarter. ORIX had a net margin of 11.35% and a return on equity of 10.98%. The company had revenue of $5.54 billion during the quarter. equities analysts anticipate that ORIX Co. will post 11.44 EPS for the current year.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

Further Reading: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ORIX Co. (NYSE:IX).

Institutional Ownership by Quarter for ORIX (NYSE:IX)

Receive News & Ratings for ORIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply