QRG Capital Management Inc. Has $6.20 Million Stake in ORIX Co. (NYSE:IX)

QRG Capital Management Inc. boosted its stake in shares of ORIX Co. (NYSE:IX) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,429 shares of the real estate investment trust’s stock after acquiring an additional 672 shares during the quarter. QRG Capital Management Inc.’s holdings in ORIX were worth $6,200,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IX. Addison Advisors LLC acquired a new position in ORIX during the second quarter worth $29,000. EverSource Wealth Advisors LLC raised its stake in ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in ORIX by 573.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 396 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in ORIX by 135.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 485 shares in the last quarter. Finally, CWM LLC raised its stake 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 acquiring an additional 93 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ORIX Price Performance

Shares of IX stock opened at $108.95 on Wednesday. The stock’s fifty day moving average is $115.09 and its 200-day moving average is $112.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.77 and a current ratio of 1.81. The stock has a market capitalization of $25.30 billion, a PE ratio of 10.16, a PEG ratio of 0.88 and a beta of 0.91. ORIX Co. has a 52 week low of $86.05 and a 52 week high of $125.84.

ORIX (NYSE:IX) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. The company 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%. Equities research analysts expect that ORIX Co. will post 11.59 EPS 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.