Addison Advisors LLC Makes New $29,000 Investment in ORIX Co. (NYSE:IX)

Addison Advisors LLC bought a new position in shares of ORIX Co. (NYSE:IX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 259 shares of the real estate investment trust’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 93 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of ORIX by 3.1% during the 1st quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 126 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ORIX by 44.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. US Bancorp DE lifted its holdings in shares of ORIX by 2.2% during the 4th quarter. US Bancorp DE now owns 6,530 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 143 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of ORIX by 5.2% during 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. Institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Trading Down 3.0 %

NYSE:IX opened at $118.16 on Friday. ORIX Co. has a fifty-two week low of $86.05 and a fifty-two week high of $125.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77. The stock has a market capitalization of $27.44 billion, a PE ratio of 11.51 and a beta of 0.90. The business’s 50-day simple moving average is $116.83 and its 200-day simple moving average is $110.38.

ORIX (NYSE:IX) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. The business had revenue of $4.54 billion for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. Sell-side analysts expect that ORIX Co. will post 10.71 earnings per share for the current fiscal 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.