Bank of New York Mellon Corp Buys 1,182 Shares of ORIX Co. (NYSE:IX)

Bank of New York Mellon Corp grew its holdings in ORIX Co. (NYSE:IX) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,461 shares of the real estate investment trust’s stock after acquiring an additional 1,182 shares during the period. Bank of New York Mellon Corp’s holdings in ORIX were worth $2,166,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in ORIX by 1.7% in the second quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock worth $5,872,000 after acquiring an additional 858 shares during the period. Allspring Global Investments Holdings LLC increased its holdings 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 last quarter. Blue Trust Inc. increased its holdings 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 last quarter. Fifth Third Bancorp increased its holdings in shares of ORIX by 8.9% in the 2nd quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock worth $1,124,000 after buying an additional 821 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of ORIX by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock worth $19,356,000 after buying an additional 30,400 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

ORIX Price Performance

ORIX stock opened at $118.43 on Wednesday. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77. ORIX Co. has a 1 year low of $86.05 and a 1 year high of $125.84. The firm has a 50-day moving average of $117.81 and a two-hundred day moving average of $111.27.

ORIX (NYSE:IX) last announced 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 net margin of 13.01% and a return on equity of 9.29%. The firm had revenue of $4.54 billion during the quarter. On average, research analysts forecast that ORIX Co. will post 11.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About ORIX

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.