ORIX Co. (NYSE:IX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 133.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,283 shares of the real estate investment trust's stock after acquiring an additional 23,595 shares during the period. Allspring Global Investments Holdings LLC's holdings in ORIX were worth $4,376,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IX. FMR LLC lifted its stake in ORIX by 9.9% during the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust's stock worth $75,164,000 after acquiring an additional 58,178 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of ORIX by 1.3% during the third quarter. QRG Capital Management Inc. now owns 53,429 shares of the real estate investment trust's stock worth $6,200,000 after purchasing an additional 672 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of ORIX by 2.6% in the third quarter. Natixis Advisors LLC now owns 39,530 shares of the real estate investment trust's stock valued at $4,587,000 after purchasing an additional 993 shares during the period. International Assets Investment Management LLC acquired a new position in shares of ORIX in the third quarter valued at approximately $4,256,000. Finally, Gilman Hill Asset Management LLC increased its stake in ORIX by 8.2% during the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust's stock worth $3,887,000 after buying an additional 2,775 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ORIX 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 sale, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ORIX from a "buy" rating to a "hold" rating in a research report on Friday.

ORIX Stock Down 1.7 %

NYSE:IX traded down $1.69 during midday trading on Friday, reaching $99.99. The company had a trading volume of 29,537 shares, compared to its average volume of 35,754. ORIX Co. has a 12-month low of $90.57 and a 12-month high of $125.84. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.97 and a beta of 0.92. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The stock's fifty day simple moving average is $105.05 and its 200-day simple moving average is $110.88.

ORIX (NYSE:IX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, sell-side analysts anticipate that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

ORIX 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.