Advisors Asset Management Inc. Increases Stake in ORIX Co. (NYSE:IX)

Advisors Asset Management Inc. raised its holdings in ORIX Co. (NYSE:IX) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,474 shares of the real estate investment trust’s stock after buying an additional 1,151 shares during the period. Advisors Asset Management Inc.’s holdings in ORIX were worth $867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC acquired a new stake in shares of ORIX in the second quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. CWM LLC boosted its stake in shares of ORIX by 10.8% in the 2nd quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 93 shares during the period. GAMMA Investing LLC grew its position in shares of ORIX by 26.2% during the second quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of ORIX by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,133 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 668 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

ORIX Stock Performance

Shares of IX stock opened at $108.03 on Wednesday. The company has a market cap of $25.08 billion, a P/E ratio of 9.31, a PEG ratio of 1.05 and a beta of 0.91. The firm has a fifty day moving average price of $111.29 and a 200 day moving average price of $113.03. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. ORIX Co. has a 12 month low of $89.90 and a 12 month high of $125.84.

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.