BTC Capital Management Inc. trimmed its stake in shares of ORIX Co. (NYSE:IX) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 10,109 shares of the real estate investment trust’s stock after selling 144 shares during the quarter. BTC Capital Management Inc.’s holdings in ORIX were worth $760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in shares of ORIX during the second quarter worth about $27,000. Quantamental Technologies LLC raised its position in shares of ORIX by 150.0% during the second quarter. Quantamental Technologies LLC now owns 500 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 300 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of ORIX by 52.6% during the second quarter. Cornerstone Advisors Inc. now owns 598 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 206 shares during the last quarter. Parallel Advisors LLC raised its position in shares of ORIX by 121.1% during the second quarter. Parallel Advisors LLC now owns 922 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 505 shares during the last quarter. Finally, Baldwin Brothers Inc. MA bought a new position in shares of ORIX during the third quarter worth about $122,000. Institutional investors own 1.48% of the company’s stock.

A number of equities research analysts have weighed in on IX shares. ValuEngine downgraded ORIX from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded ORIX from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, July 31st.

Shares of IX stock opened at $75.31 on Friday. The company has a market cap of $19.33 billion, a P/E ratio of 66.06, a PEG ratio of 0.82 and a beta of 0.96. The stock has a 50 day simple moving average of $76.86 and a two-hundred day simple moving average of $73.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.51 and a current ratio of 1.54. ORIX Co. has a fifty-two week low of $67.00 and a fifty-two week high of $82.75.

ORIX (NYSE:IX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.25 earnings per share for the quarter. The business had revenue of $4.89 billion during the quarter. ORIX had a return on equity of 10.69% and a net margin of 13.21%. On average, research analysts predict that ORIX Co. will post 12.7 earnings per share for the current year.

About ORIX

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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Institutional Ownership by Quarter for ORIX (NYSE:IX)

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