ORIX Co. (NYSE:IX) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of ORIX Co. (NYSE:IX) by 198.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,353 shares of the real estate investment trust’s stock after acquiring an additional 4,893 shares during the period. JPMorgan Chase & Co.’s holdings in ORIX were worth $853,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sei Investments Co. raised its stake in ORIX by 6.2% during the 2nd quarter. Sei Investments Co. now owns 20,673 shares of the real estate investment trust’s stock valued at $2,301,000 after purchasing an additional 1,200 shares during the period. AQR Capital Management LLC grew its holdings in shares of ORIX by 79.3% during the second quarter. AQR Capital Management LLC now owns 3,762 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,664 shares in the last quarter. Kathmere Capital Management LLC raised its position in ORIX by 12.6% during the second quarter. Kathmere Capital Management LLC now owns 4,780 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 536 shares during the period. Truist Financial Corp raised its position in ORIX by 4.7% during the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 86 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in ORIX by 12.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock worth $21,997,000 after acquiring an additional 22,000 shares during the period. 1.73% of the stock is owned by institutional investors.

ORIX Trading Down 0.6 %

NYSE:IX opened at $105.77 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market capitalization of $24.56 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.06 and a beta of 0.92. The stock’s 50 day moving average price is $107.39 and its 200 day moving average price is $112.37. ORIX Co. has a 52 week low of $90.57 and a 52 week high of $125.84.

ORIX (NYSE:IX) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. The business had revenue of $4.67 billion for the quarter. ORIX had a return on equity of 10.01% and a net margin of 14.08%. During the same period in the prior year, the company posted $1.94 EPS. On average, research analysts forecast that ORIX Co. will post 10.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

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.