Teachers Retirement System of The State of Kentucky Raises Stake in ORIX Co. (NYSE:IX)

Teachers Retirement System of The State of Kentucky raised its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,780 shares of the real estate investment trust's stock after buying an additional 14,140 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.09% of ORIX worth $22,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ABC Arbitrage SA bought a new position in ORIX during the fourth quarter valued at $865,000. JPMorgan Chase & Co. increased its stake in ORIX by 198.9% during the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust's stock worth $853,000 after acquiring an additional 4,893 shares during the last quarter. Gilman Hill Asset Management LLC raised its position in ORIX by 8.2% during the fourth 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 purchasing an additional 2,775 shares during the period. MML Investors Services LLC lifted its stake in shares of ORIX by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust's stock valued at $383,000 after purchasing an additional 355 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of ORIX in the 3rd quarter worth approximately $2,600,000. 1.73% of the stock is currently owned by institutional investors.

ORIX Trading Down 1.5 %

Shares of NYSE IX traded down $0.30 during trading hours on Friday, reaching $20.00. The stock had a trading volume of 292,167 shares, compared to its average volume of 225,792. ORIX Co. has a 52-week low of $17.75 and a 52-week high of $25.17. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 1.74, a P/E/G ratio of 0.97 and a beta of 0.78. The business's fifty day moving average price is $20.35 and its two-hundred day moving average price is $21.10. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Analysts expect that ORIX Co. will post 11.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ORIX from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st.

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.