Northern Trust Corp Raises Stake in ORIX Co. (NYSE:IX)

Northern Trust Corp increased its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,971 shares of the real estate investment trust's stock after purchasing an additional 82,529 shares during the quarter. Northern Trust Corp owned 0.09% of ORIX worth $22,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of ORIX in the 4th quarter valued at approximately $123,000. Smartleaf Asset Management LLC lifted its holdings in ORIX by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 941 shares during the period. Aquatic Capital Management LLC boosted its position in shares of ORIX by 1,310.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after purchasing an additional 1,310 shares in the last quarter. Gitterman Wealth Management LLC grew its stake in shares of ORIX by 9.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 162 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of ORIX in the 4th quarter valued at about $215,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of ORIX from a "hold" rating to a "buy" rating in a report on Tuesday.

ORIX Stock Performance

Shares of NYSE:IX remained flat at $20.55 during trading on Friday. The stock had a trading volume of 145,232 shares, compared to its average volume of 160,052. The company has a market capitalization of $23.42 billion, a P/E ratio of 1.79, a PEG ratio of 0.97 and a beta of 0.88. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The company has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $20.93. ORIX Co. has a fifty-two week low of $17.75 and a fifty-two week high of $25.17.

ORIX (NYSE:IX - Get Free Report) last posted its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). ORIX had a return on equity of 9.73% and a net margin of 13.66%. The firm had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Equities research analysts anticipate that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

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.