Bank of Montreal Can increased its stake in ORIX Co. (NYSE:IX) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,149 shares of the real estate investment trust’s stock after acquiring an additional 7,918 shares during the quarter. Bank of Montreal Can’s holdings in ORIX were worth $2,958,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of ORIX in the fourth quarter worth approximately $37,000. FNY Investment Advisers LLC acquired a new position in shares of ORIX in the fourth quarter worth approximately $71,000. Advisors Asset Management Inc. lifted its stake in shares of ORIX by 60.2% in the fourth quarter. Advisors Asset Management Inc. now owns 1,195 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 449 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of ORIX in the fourth quarter worth approximately $164,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of ORIX in the fourth quarter worth approximately $202,000. 1.87% of the stock is currently owned by institutional investors.
Shares of IX opened at $70.39 on Thursday. ORIX Co. has a 52-week low of $67.00 and a 52-week high of $89.76. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07.
ORIX (NYSE:IX) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($2.87). ORIX had a net margin of 13.29% and a return on equity of 11.16%. The business had revenue of $5.80 billion during the quarter. Equities analysts predict that ORIX Co. will post 12.21 earnings per share for the current year.
IX has been the topic of several recent analyst reports. Zacks Investment Research lowered ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. TheStreet lowered ORIX from a “b-” rating to a “c+” rating in a research note on Thursday, May 2nd.
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ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
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