Whittier Trust Co. Purchases 831 Shares of ORIX Co. (NYSE:IX)

Whittier Trust Co. grew its position in shares of ORIX Co. (NYSE:IX) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,465 shares of the real estate investment trust’s stock after acquiring an additional 831 shares during the quarter. Whittier Trust Co.’s holdings in ORIX were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IX. International Assets Investment Management LLC bought a new position in ORIX during the fourth quarter valued at $2,721,000. GAMMA Investing LLC bought a new position in shares of ORIX in the 4th quarter valued at about $63,000. First Trust Direct Indexing L.P. grew its position in ORIX by 14.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 19,421 shares of the real estate investment trust’s stock worth $1,814,000 after acquiring an additional 2,420 shares in the last quarter. Natixis Advisors L.P. increased its stake in ORIX by 10.3% during the fourth quarter. Natixis Advisors L.P. now owns 34,272 shares of the real estate investment trust’s stock worth $3,200,000 after acquiring an additional 3,190 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in ORIX by 20.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 2,959 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 500 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Stock Up 1.6 %

NYSE IX opened at $124.65 on Friday. ORIX Co. has a 52 week low of $86.05 and a 52 week high of $125.21. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 12.14 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average of $114.93 and a two-hundred day moving average of $109.35.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. The firm had revenue of $4.54 billion during the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. On average, analysts predict that ORIX Co. will post 10.71 earnings per share for the current year.

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.