Paradigm Asset Management Co. LLC Sells 5,900 Shares of ORIX Co. (NYSE:IX)

Paradigm Asset Management Co. LLC trimmed its position in ORIX Co. (NYSE:IX - Free Report) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,500 shares of the real estate investment trust's stock after selling 5,900 shares during the period. Paradigm Asset Management Co. LLC's holdings in ORIX were worth $1,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust's stock valued at $75,164,000 after buying an additional 58,178 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of ORIX by 1.3% in the 3rd quarter. QRG Capital Management Inc. now owns 53,429 shares of the real estate investment trust's stock valued at $6,200,000 after acquiring an additional 672 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in ORIX by 133.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust's stock worth $4,376,000 after purchasing an additional 23,595 shares during the period. Natixis Advisors LLC grew its position in ORIX by 2.6% during the 3rd quarter. Natixis Advisors LLC now owns 39,530 shares of the real estate investment trust's stock worth $4,587,000 after purchasing an additional 993 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in ORIX during the 3rd quarter valued at $4,256,000. 1.73% of the stock is owned by institutional investors.

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ORIX Stock Up 1.8 %

IX stock traded up $1.80 during mid-day trading on Tuesday, hitting $101.58. The stock had a trading volume of 39,923 shares, compared to its average volume of 36,731. ORIX Co. has a 1-year low of $90.57 and a 1-year high of $125.84. The company has a fifty day moving average of $104.70 and a 200 day moving average of $110.80. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 EPS for the quarter, topping the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. On average, equities analysts expect that ORIX Co. will post 11.31 EPS for the current fiscal year.

Insider Buying and Selling at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the firm's 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 transaction, the insider now directly 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 available through this link. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ORIX from a "buy" rating to a "hold" rating in a research report on Friday.

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.