Assetmark Inc. Has $628,000 Position in ORIX Co. (NYSE:IX)

Assetmark Inc. cut its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 68.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,914 shares of the real estate investment trust's stock after selling 12,832 shares during the period. Assetmark Inc.'s holdings in ORIX were worth $628,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC lifted its holdings in shares of ORIX by 3.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust's stock valued at $465,000 after buying an additional 129 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in ORIX by 1.7% in the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust's stock valued at $950,000 after acquiring an additional 134 shares during the last quarter. Caprock Group LLC grew its position in ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust's stock worth $469,000 after acquiring an additional 148 shares in the last quarter. Glenmede Trust Co. NA grew its position in ORIX by 6.3% in the third quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust's stock worth $325,000 after acquiring an additional 165 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of ORIX by 8.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust's stock worth $269,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

ORIX Price Performance

Shares of NYSE:IX opened at $20.83 on Thursday. The stock has a market capitalization of $25.30 billion, a P/E ratio of 1.81, a P/E/G ratio of 0.97 and a beta of 0.94. The business has a 50-day moving average of $20.83 and a two-hundred day moving average of $21.94. ORIX Co. has a fifty-two week low of $18.11 and a fifty-two week high of $25.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73.

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ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, equities research analysts predict that ORIX Co. will post 11.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ORIX from a "hold" rating to a "buy" rating in a research note on Saturday, March 1st.

Insider Transactions at ORIX

In other news, major shareholder Corp Orix sold 18,500,000 shares of ORIX stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $15.08, for a total value of $278,906,000.00. Following the transaction, the insider now directly owns 14,880,385 shares in the company, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate 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.

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