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Corp Orix Sells 3,750,000 Shares of ORIX Co. (NYSE:IX) Stock

ORIX Co. (NYSE:IXGet Rating) major shareholder Corp Orix sold 3,750,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $87.75, for a total value of $329,062,500.00. Following the sale, the insider now owns 7,238,577 shares of the company’s stock, valued at approximately $635,185,131.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ORIX Stock Performance

Shares of IX stock opened at $77.44 on Wednesday. The business has a fifty day moving average of $73.75 and a 200 day moving average of $81.61. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.78 and a quick ratio of 1.75. ORIX Co. has a 1 year low of $68.78 and a 1 year high of $112.91.

Institutional Investors Weigh In On ORIX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IX. Ronald Blue Trust Inc. grew its position in shares of ORIX by 158.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 310 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of ORIX by 39.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 616 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 175 shares during the period. Tower Research Capital LLC TRC grew its position in shares of ORIX by 57.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 663 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 242 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ORIX during the 1st quarter valued at about $60,000. Finally, Heritage Wealth Management LLC acquired a new stake in shares of ORIX during the 2nd quarter valued at about $79,000. 1.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a report on Monday.

About ORIX

(Get Rating)

ORIX Corporation provides diversified financial services in Japan, the Americas, Asia, Europe, Australasia, the Middle East, and internationally. 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.

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