Todd Asset Management LLC Has $26.14 Million Stock Position in ORIX Co. (NYSE:IX)

Todd Asset Management LLC cut its stake in ORIX Co. (NYSE:IX) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,896 shares of the real estate investment trust’s stock after selling 5,992 shares during the period. Todd Asset Management LLC’s holdings in ORIX were worth $26,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors L.P. grew its stake in ORIX by 10.3% during the fourth quarter. Natixis Advisors L.P. now owns 34,272 shares of the real estate investment trust’s stock worth $3,200,000 after buying an additional 3,190 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of ORIX by 14.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 19,421 shares of the real estate investment trust’s stock worth $1,814,000 after buying an additional 2,420 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of ORIX during the fourth quarter worth approximately $63,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of ORIX during the fourth quarter worth approximately $184,000. Finally, AlphaQ Advisors LLC increased its holdings in shares of ORIX by 17.6% during the fourth quarter. AlphaQ Advisors LLC now owns 4,034 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 603 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

ORIX Price Performance

Shares of NYSE IX traded up $1.05 during mid-day trading on Friday, hitting $104.66. 8,456 shares of the stock were exchanged, compared to its average volume of 16,444. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.79. The company has a market cap of $24.30 billion, a P/E ratio of 12.24, a PEG ratio of 0.75 and a beta of 0.87. The stock’s fifty day simple moving average is $106.09 and its two-hundred day simple moving average is $97.99. ORIX Co. has a twelve month low of $83.04 and a twelve month high of $113.43.

ORIX (NYSE:IX) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share for the quarter. The business had revenue of $4.59 billion during the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. As a group, analysts forecast that ORIX Co. will post 9.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a report on Monday, April 29th.

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.