Northern Trust Corp Increases Stock Holdings in ORIX Co. (NYSE:IX)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of IX. JPMorgan Chase & Co. boosted its stake 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 buying an additional 4,893 shares in the last quarter. Park Avenue Securities LLC lifted its stake 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 acquiring an additional 811 shares during the period. Aaron Wealth Advisors LLC raised its holdings in ORIX by 6.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,188 shares of the real estate investment trust's stock worth $445,000 after purchasing an additional 259 shares in the last quarter. Gilman Hill Asset Management LLC raised 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. Finally, Crossmark Global Holdings Inc. raised its holdings 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 purchasing an additional 4,084 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

ORIX Price Performance

Shares of ORIX stock remained flat at $20.55 during trading on Friday. The company had a trading volume of 145,232 shares, compared to its average volume of 161,025. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. ORIX Co. has a 12 month low of $17.75 and a 12 month high of $25.17. The stock has a market cap of $23.42 billion, a PE ratio of 1.79, a P/E/G ratio of 0.97 and a beta of 0.88. The stock has a 50-day simple moving average of $20.22 and a 200-day simple moving average of $20.92.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ORIX from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

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.