Crossmark Global Holdings Inc. Raises Holdings in ORIX Co. (NYSE:IX)

Crossmark Global Holdings Inc. boosted its position in ORIX Co. (NYSE:IX - Free Report) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,806 shares of the real estate investment trust's stock after purchasing an additional 4,084 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in ORIX were worth $3,485,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IX. Wilmington Savings Fund Society FSB bought a new stake in ORIX in the 3rd quarter valued at about $80,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of ORIX by 26.9% in 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 period. GAMMA Investing LLC boosted its stake in shares of ORIX by 44.6% in the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust's stock valued at $178,000 after buying an additional 473 shares during the period. Truist Financial Corp lifted its position 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 valued at $213,000 after acquiring an additional 86 shares during the period. Finally, PDS Planning Inc lifted its position in shares of ORIX by 7.0% during the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 146 shares during the period. 1.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the transaction, the insider now owns 2,976,077 shares in the company, 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 the SEC website. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut ORIX from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

ORIX Trading Up 0.5 %

ORIX stock traded up $0.50 during mid-day trading on Thursday, hitting $106.46. 28,109 shares of the stock were exchanged, compared to its average volume of 35,422. 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 Co. has a 12 month low of $90.57 and a 12 month high of $125.84. The firm's fifty day simple moving average is $107.47 and its two-hundred day simple moving average is $112.46. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.06 and a beta of 0.92.

ORIX (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share 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 period last year, the business posted $1.94 earnings per share. Analysts forecast that ORIX Co. will post 10.99 EPS for the current 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.