Allspring Global Investments Holdings LLC Purchases 14,584 Shares of ORIX Co. (NYSE:IX)

Allspring Global Investments Holdings LLC grew its holdings in shares of ORIX Co. (NYSE:IX - Free Report) by 469.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,688 shares of the real estate investment trust's stock after purchasing an additional 14,584 shares during the period. Allspring Global Investments Holdings LLC's holdings in ORIX were worth $2,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Addison Advisors LLC acquired a new stake in shares of ORIX during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its position in shares of ORIX by 44.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of ORIX by 573.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 396 shares in the last quarter. CWM LLC boosted its position in shares of ORIX by 10.8% during the 2nd quarter. CWM LLC now owns 956 shares of the real estate investment trust's stock worth $106,000 after acquiring an additional 93 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of ORIX by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust's stock worth $118,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ORIX from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th.

ORIX Price Performance

NYSE:IX traded down $0.37 on Wednesday, hitting $106.45. The company had a trading volume of 24,555 shares, compared to its average volume of 16,998. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.91 and a beta of 0.90. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average of $116.55 and a two-hundred day moving average of $112.37. ORIX Co. has a 52 week low of $86.05 and a 52 week high of $125.84.

ORIX (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. The business had revenue of $4.54 billion during the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. On average, research analysts anticipate that ORIX Co. will post 11.23 earnings per share 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.