BTC Capital Management Inc. Has $1.76 Million Stock Position in ORIX Co. (NYSE:IX)

BTC Capital Management Inc. increased its position in shares of ORIX Co. (NYSE:IX) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,641 shares of the real estate investment trust’s stock after buying an additional 1,791 shares during the period. BTC Capital Management Inc.’s holdings in ORIX were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of ORIX during the 3rd quarter worth about $80,000. SG Americas Securities LLC acquired a new position in ORIX during the fourth quarter worth approximately $123,000. Whittier Trust Co. of Nevada Inc. raised its stake in ORIX by 26.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 305 shares during the period. GAMMA Investing LLC lifted its position in shares of ORIX by 44.6% in the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 473 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 86 shares during the period. 1.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. The trade was a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

ORIX Price Performance

Shares of IX opened at $107.37 on Friday. The firm has a market capitalization of $24.93 billion, a PE ratio of 9.26, a PEG ratio of 1.07 and a beta of 0.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The company’s 50-day moving average is $107.28 and its 200-day moving average is $112.14. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84.

ORIX (NYSE:IX) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. ORIX had a net margin of 14.08% and a return on equity of 10.01%. The firm had revenue of $4.67 billion for the quarter. During the same period in the prior year, the company earned $1.94 earnings per share. Equities analysts forecast that ORIX Co. will post 10.9 EPS 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.