ORIX Co. (NYSE:IX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in ORIX Co. (NYSE:IX - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,637 shares of the real estate investment trust's stock after selling 2,525 shares during the period. Fifth Third Bancorp's holdings in ORIX were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in ORIX in the 4th quarter worth $123,000. Crossmark Global Holdings Inc. increased its position in ORIX by 14.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 32,806 shares of the real estate investment trust's stock worth $3,485,000 after buying an additional 4,084 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of ORIX by 8.2% during the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust's stock valued at $3,887,000 after buying an additional 2,775 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of ORIX by 6.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,188 shares of the real estate investment trust's stock valued at $445,000 after acquiring an additional 259 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in ORIX by 30.6% in the 4th quarter. Park Avenue Securities LLC now owns 3,460 shares of the real estate investment trust's stock worth $368,000 after acquiring an additional 811 shares in the last quarter. Institutional investors own 1.73% of the company's stock.

Insider Activity

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. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

ORIX Price Performance

Shares of NYSE:IX traded up $1.23 during mid-day trading on Thursday, reaching $107.53. The stock had a trading volume of 10,538 shares, compared to its average volume of 32,397. The company has a market cap of $24.97 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The business's 50 day moving average price is $107.29 and its 200 day moving average price is $112.17. ORIX Co. has a 1 year low of $90.57 and a 1 year high of $125.84. 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 (NYSE:IX - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.32. The company had revenue of $4.67 billion during 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 business posted $1.94 earnings per share. Research analysts expect that ORIX Co. will post 10.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

ORIX Company 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.