ORIX Co. (NYSE:IX) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in ORIX Co. (NYSE:IX) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,295 shares of the real estate investment trust’s stock after purchasing an additional 250 shares during the period. Sequoia Financial Advisors LLC’s holdings in ORIX were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in IX. BKM Wealth Management LLC acquired a new stake in ORIX in the fourth quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new stake in ORIX in the fourth quarter worth $29,000. Tower Research Capital LLC TRC grew its stake in shares of ORIX by 57.5% in the third quarter. Tower Research Capital LLC TRC now owns 663 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 242 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ORIX by 107.8% in the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 318 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ORIX in the first quarter worth $60,000. 1.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a research note on Monday, March 25th.

ORIX Trading Down 1.0 %

NYSE:IX opened at $101.81 on Thursday. ORIX Co. has a 1 year low of $82.67 and a 1 year high of $113.43. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.73 and a beta of 0.85. The business has a fifty day moving average of $105.77 and a 200-day moving average of $97.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.79.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. The company had revenue of $4.59 billion during the quarter. Equities analysts predict that ORIX Co. will post 9.01 earnings per share for the current 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.