ORIX Co. (NYSE:IX) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. raised its stake in ORIX Co. (NYSE:IX) by 50.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,655 shares of the real estate investment trust’s stock after purchasing an additional 4,557 shares during the quarter. Whittier Trust Co.’s holdings in ORIX were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IX. Gitterman Wealth Management LLC raised its holdings in ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 162 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of ORIX in the 4th quarter valued at $215,000. Natixis Advisors LLC lifted its position in shares of ORIX by 0.7% during the 4th quarter. Natixis Advisors LLC now owns 39,824 shares of the real estate investment trust’s stock worth $4,231,000 after purchasing an additional 294 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of ORIX by 6.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,536 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 273 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in ORIX by 40.6% in the fourth quarter. HighTower Advisors LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $1,038,000 after buying an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Stock Performance

Shares of IX opened at $21.65 on Friday. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 1.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. ORIX Co. has a 52-week low of $18.11 and a 52-week high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $20.90 and a 200 day moving average price of $21.80.

ORIX (NYSE:IX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Research analysts predict that ORIX Co. will post 11.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st.

ORIX 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.