Todd Asset Management LLC Purchases 2,224 Shares of ORIX Co. (NYSE:IX)

Todd Asset Management LLC lifted its position in ORIX Co. (NYSE:IX) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,220 shares of the real estate investment trust’s stock after purchasing an additional 2,224 shares during the quarter. Todd Asset Management LLC owned about 0.15% of ORIX worth $36,779,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IX. FMR LLC increased its holdings in shares of ORIX by 9.9% in the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after purchasing an additional 58,178 shares during the period. International Assets Investment Management LLC bought a new position in shares of ORIX in the third quarter worth $4,256,000. Allspring Global Investments Holdings LLC increased its holdings in shares of ORIX by 133.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock worth $4,376,000 after purchasing an additional 23,595 shares during the period. World Investment Advisors LLC bought a new position in shares of ORIX in the third quarter worth $2,600,000. Finally, Crossmark Global Holdings Inc. increased its stake in ORIX by 52.1% in the third quarter. Crossmark Global Holdings Inc. now owns 28,722 shares of the real estate investment trust’s stock valued at $3,334,000 after acquiring an additional 9,839 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Insider Buying and Selling

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the transaction, the insider now owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by insiders.

ORIX Stock Performance

NYSE IX opened at $99.78 on Tuesday. The company has a 50-day simple moving average of $104.70 and a two-hundred day simple moving average of $110.80. 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 $90.57 and a 12-month high of $125.84. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.97 and a beta of 0.92.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. On average, equities analysts forecast that ORIX Co. will post 11.31 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a research note on Friday.

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.