Zacks Investment Research Downgrades ORIX (IX) to Hold

Zacks Investment Research downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research report report published on Thursday.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

NYSE:IX traded down $1.78 during trading hours on Thursday, reaching $80.23. The company had a trading volume of 31,174 shares, compared to its average volume of 24,925. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.32. ORIX has a 52 week low of $75.67 and a 52 week high of $100.03. The company has a market cap of $20.57 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.

A number of large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its position in ORIX by 6.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 38,995 shares of the real estate investment trust’s stock worth $3,160,000 after purchasing an additional 2,494 shares during the period. Zions Bancorporation bought a new stake in ORIX in the 3rd quarter worth approximately $106,000. Wells Fargo & Company MN grew its position in ORIX by 0.9% in the 3rd quarter. Wells Fargo & Company MN now owns 203,466 shares of the real estate investment trust’s stock worth $16,486,000 after purchasing an additional 1,866 shares during the period. Comerica Bank grew its position in ORIX by 5.5% in the 3rd quarter. Comerica Bank now owns 16,287 shares of the real estate investment trust’s stock worth $1,291,000 after purchasing an additional 846 shares during the period. Finally, Boston Common Asset Management LLC grew its position in ORIX by 51.8% in the 3rd quarter. Boston Common Asset Management LLC now owns 9,895 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 3,376 shares during the period. 2.00% of the stock is owned by institutional investors and hedge funds.

About ORIX

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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