World Investment Advisors LLC Makes New $2.60 Million Investment in ORIX Co. (NYSE:IX)

World Investment Advisors LLC bought a new stake in ORIX Co. (NYSE:IX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,403 shares of the real estate investment trust’s stock, valued at approximately $2,600,000.

A number of other institutional investors also recently added to or reduced their stakes in IX. CWM LLC lifted its holdings 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. Blue Trust Inc. boosted its position in shares of ORIX by 635.3% during the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 1,385 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of ORIX by 8.9% during the 2nd quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock worth $1,124,000 after purchasing an additional 821 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of ORIX by 5.2% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,660 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 180 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of ORIX by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 19,461 shares of the real estate investment trust’s stock valued at $2,166,000 after purchasing an additional 1,182 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Stock Performance

NYSE IX opened at $109.16 on Friday. The business has a 50 day moving average price of $109.76 and a 200 day moving average price of $113.37. The company has a market capitalization of $25.35 billion, a P/E ratio of 9.41, a PEG ratio of 1.10 and a beta of 0.92. ORIX Co. has a 1-year low of $90.57 and a 1-year high of $125.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction 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. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

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.