ORIX Co. (NYSE:IX) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 198.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,353 shares of the real estate investment trust's stock after buying an additional 4,893 shares during the quarter. JPMorgan Chase & Co.'s holdings in ORIX were worth $853,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of ORIX during the third quarter worth $80,000. Whittier Trust Co. of Nevada Inc. lifted 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 worth $167,000 after acquiring an additional 305 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 473 shares during the last quarter. Truist Financial Corp grew its stake in 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 purchasing an additional 86 shares in the last quarter. Finally, PDS Planning Inc increased its holdings in ORIX by 7.0% during the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 146 shares during the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

ORIX Stock Down 0.6 %

NYSE IX traded down $0.62 during trading hours on Friday, reaching $105.77. 25,820 shares of the company traded hands, compared to its average volume of 29,462. The stock has a market capitalization of $24.56 billion, a PE ratio of 9.12, a PEG ratio of 1.06 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.37 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 company has a 50 day moving average of $107.39 and a two-hundred day moving average of $112.36.

ORIX (NYSE:IX - Get Free Report) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.50 by $0.32. The business had revenue of $4.67 billion for the quarter. ORIX had a net margin of 14.08% and a return on equity of 10.01%. During the same quarter last year, the company posted $1.94 EPS. As a group, equities analysts expect that ORIX Co. will post 10.99 earnings per share for the current year.

Insider Buying and Selling at ORIX

In other news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated 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 transaction, the insider now directly 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 filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.