ORIX Co. (NYSE:IX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its position in shares of ORIX Co. (NYSE:IX) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,637 shares of the real estate investment trust’s stock after selling 2,525 shares during the quarter. Fifth Third Bancorp’s holdings in ORIX were worth $811,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of ORIX in the 3rd quarter valued at about $80,000. SG Americas Securities LLC purchased a new stake in shares of ORIX in the fourth quarter valued at approximately $123,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of ORIX by 26.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 305 shares during the period. GAMMA Investing LLC grew its stake in ORIX by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 473 shares during the period. Finally, Truist Financial Corp increased its holdings in ORIX by 4.7% in the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Insider Transactions at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction that occurred 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 owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

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

ORIX Price Performance

NYSE:IX opened at $106.43 on Thursday. The stock has a 50 day moving average of $107.30 and a two-hundred day moving average of $112.21. ORIX Co. has a 12 month low of $90.57 and a 12 month high of $125.84. The firm has a market cap of $24.71 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. ORIX had a return on equity of 10.01% and a net margin of 14.08%. The firm had revenue of $4.67 billion during the quarter. During the same quarter in the previous year, the firm posted $1.94 earnings per share. On average, analysts expect that ORIX Co. will post 10.99 earnings per share for the current fiscal year.

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.