Blue Trust Inc. Increases Stake in ORIX Co. (NYSE:IX)

Blue Trust Inc. boosted its position in ORIX Co. (NYSE:IX - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,279 shares of the real estate investment trust's stock after buying an additional 2,680 shares during the quarter. Blue Trust Inc.'s holdings in ORIX were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in ORIX during the 3rd quarter valued at approximately $80,000. SG Americas Securities LLC purchased a new position in shares of ORIX in the fourth quarter worth $123,000. Whittier Trust Co. of Nevada Inc. boosted its stake in ORIX by 26.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust's stock valued at $167,000 after buying an additional 305 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ORIX by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust's stock worth $178,000 after buying an additional 473 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust's stock worth $213,000 after purchasing an additional 86 shares during the period. 1.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on Friday, December 13th. The shares were 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. The trade was a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company's stock.

ORIX Price Performance

Shares of ORIX stock traded up $1.26 during mid-day trading on Thursday, reaching $107.56. 19,996 shares of the stock traded hands, compared to its average volume of 32,858. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84. The business has a 50-day moving average of $107.29 and a 200 day moving average of $112.17. The stock has a market capitalization of $24.97 billion, a PE ratio of 9.27, a PEG ratio of 1.06 and a beta of 0.92. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. The firm 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 quarter last year, the firm earned $1.94 EPS. On average, analysts predict that ORIX Co. will post 10.99 EPS for the current year.

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.