Wells Fargo & Company MN Has $16.82 Million Stock Position in ORIX Co. (NYSE:IX)

Wells Fargo & Company MN lessened its position in ORIX Co. (NYSE:IX - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,296 shares of the real estate investment trust's stock after selling 17,619 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of ORIX worth $16,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IX. Mount Yale Investment Advisors LLC raised its stake in ORIX by 3.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 129 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of ORIX by 1.7% during the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust's stock valued at $950,000 after buying an additional 134 shares during the last quarter. Caprock Group LLC lifted its stake in shares of ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust's stock valued at $469,000 after buying an additional 148 shares during the period. Gitterman Wealth Management LLC grew its position in ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after buying an additional 162 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in ORIX by 8.9% during the third quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust's stock valued at $269,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 1.73% of the company's stock.

ORIX Stock Performance

ORIX stock traded up $0.63 on Friday, hitting $19.67. The company's stock had a trading volume of 357,494 shares, compared to its average volume of 142,135. ORIX Co. has a one year low of $17.75 and a one year high of $25.17. The firm has a market cap of $22.41 billion, a P/E ratio of 1.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average price of $20.40 and a 200-day moving average price of $21.19.

ORIX (NYSE:IX - Get Free Report) last posted its 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%. On average, equities analysts anticipate that ORIX Co. will post 11.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised ORIX from a "hold" rating to a "buy" rating in a 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.