ORIX (NYSE:IX) Downgraded by StockNews.com

StockNews.com cut shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a report issued on Wednesday.

ORIX Stock Performance

ORIX stock traded up $5.50 during trading hours on Wednesday, reaching $111.45. 15,576 shares of the company were exchanged, compared to its average volume of 16,809. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 13.04 and a beta of 0.87. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $106.25 and a 200 day moving average of $98.47. ORIX has a 12 month low of $83.56 and a 12 month high of $113.43.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IX. BKM Wealth Management LLC acquired a new position in shares of ORIX in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of ORIX in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC raised its stake in shares of ORIX by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 199 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. Finally, Blue Trust Inc. lifted its holdings in shares of ORIX by 107.8% during the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 318 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

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.