Cerity Partners LLC Raises Stock Position in ORIX Co. (NYSE:IX)

Cerity Partners LLC lifted its stake in ORIX Co. (NYSE:IX) by 47.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,370 shares of the real estate investment trust’s stock after buying an additional 6,513 shares during the period. Cerity Partners LLC’s holdings in ORIX were worth $2,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of ORIX by 1.7% in the 2nd quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock valued at $5,872,000 after purchasing an additional 858 shares during the last quarter. Blue Trust Inc. increased its position in ORIX by 635.3% during the second quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 1,385 shares during the period. Fifth Third Bancorp lifted its stake in ORIX by 8.9% in the second quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock valued at $1,124,000 after buying an additional 821 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of ORIX in the third quarter valued at approximately $4,256,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 worth $2,053,000 after acquiring an additional 14,584 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ORIX Trading Up 4.5 %

Shares of IX stock opened at $112.82 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $26.20 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. The business’s 50 day moving average is $110.68 and its two-hundred day moving average is $113.08. ORIX Co. has a twelve month low of $89.90 and a twelve month high of $125.84.

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.