ORIX Co. (NYSE:IX) Position Reduced by Todd Asset Management LLC

Todd Asset Management LLC trimmed its stake in shares of ORIX Co. (NYSE:IX) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,896 shares of the real estate investment trust’s stock after selling 5,992 shares during the quarter. Todd Asset Management LLC owned approximately 0.12% of ORIX worth $26,139,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of ORIX by 4.2% during the third quarter. FMR LLC now owns 439,129 shares of the real estate investment trust’s stock worth $41,225,000 after purchasing an additional 17,700 shares during the period. Eagle Global Advisors LLC raised its holdings in shares of ORIX by 2.6% during the third quarter. Eagle Global Advisors LLC now owns 78,479 shares of the real estate investment trust’s stock worth $7,368,000 after purchasing an additional 2,000 shares during the period. American Century Companies Inc. increased its holdings in shares of ORIX by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 68,564 shares of the real estate investment trust’s stock worth $6,437,000 after acquiring an additional 3,854 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of ORIX in the 3rd quarter worth about $4,612,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ORIX in the 3rd quarter worth about $4,450,000. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a report on Monday, April 29th.

ORIX Stock Performance

Shares of IX stock traded up $1.05 during trading hours on Friday, reaching $104.66. The stock had a trading volume of 8,456 shares, compared to its average volume of 16,444. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.79 and a quick ratio of 1.75. ORIX Co. has a twelve month low of $83.04 and a twelve month high of $113.43. The firm has a 50-day simple moving average of $106.09 and a 200-day simple moving average of $97.99. The firm has a market capitalization of $24.30 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 EPS for the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. The company had revenue of $4.59 billion for the quarter. As a group, equities analysts forecast that ORIX Co. will post 9.86 earnings per share for the current year.

About ORIX

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.