Callan Capital LLC Has $1.24 Million Position in ORIX Co. (NYSE:IX)

Callan Capital LLC trimmed its holdings in ORIX Co. (NYSE:IX) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,658 shares of the real estate investment trust’s stock after selling 2,298 shares during the quarter. Callan Capital LLC’s holdings in ORIX were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in ORIX in the 3rd quarter valued at about $80,000. SG Americas Securities LLC acquired a new position in shares of ORIX during the fourth quarter worth approximately $123,000. PDS Planning Inc lifted its holdings in shares of ORIX by 7.0% in the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 146 shares in the last quarter. Captrust Financial Advisors grew its position in ORIX by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 189 shares during the period. Finally, Glenmede Trust Co. NA increased its stake in ORIX by 6.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 165 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

ORIX Stock Down 1.7 %

IX opened at $99.99 on Friday. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84. The firm has a market capitalization of $24.30 billion, a P/E ratio of 8.69, a PEG ratio of 0.97 and a beta of 0.92. The company’s 50-day moving average is $105.05 and its 200 day moving average is $110.88. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73.

ORIX (NYSE:IX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 EPS for the quarter, topping the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Research analysts expect that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a research note on Friday.

Insiders Place Their Bets

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the sale, the insider now owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

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.