First Trust Advisors LP Takes $1.85 Million Position in ORIX Co. (NYSE:IX)

First Trust Advisors LP bought a new position in ORIX Co. (NYSE:IX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,386 shares of the real estate investment trust's stock, valued at approximately $1,847,000.

Several other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA acquired a new stake in shares of ORIX during the 4th quarter valued at $865,000. JPMorgan Chase & Co. boosted its holdings in ORIX by 198.9% in the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust's stock worth $853,000 after purchasing an additional 4,893 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in ORIX by 8.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust's stock worth $3,887,000 after purchasing an additional 2,775 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in ORIX by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,181 shares of the real estate investment trust's stock worth $2,250,000 after purchasing an additional 474 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in ORIX by 30.6% in the fourth quarter. Park Avenue Securities LLC now owns 3,460 shares of the real estate investment trust's stock worth $368,000 after purchasing an additional 811 shares in the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of ORIX from a "buy" rating to a "hold" rating in a report on Thursday, May 1st.

ORIX Stock Performance

ORIX stock traded up $0.15 on Friday, reaching $20.11. 176,988 shares of the stock were exchanged, compared to its average volume of 156,948. The stock has a market cap of $22.92 billion, a PE ratio of 1.75, a PEG ratio of 0.97 and a beta of 0.88. 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 Co. has a twelve month low of $17.75 and a twelve month high of $25.17. The firm has a fifty day moving average price of $20.29 and a two-hundred day moving average price of $20.95.

ORIX (NYSE:IX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that ORIX Co. will post 11.31 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.