ORIX (NYSE:IX) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a research report report published on Tuesday.

ORIX Stock Performance

Shares of IX stock opened at $111.67 on Tuesday. The firm has a 50-day moving average of $114.05 and a 200-day moving average of $112.75. The company has a market cap of $25.93 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.94 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77. ORIX has a one year low of $87.87 and a one year high of $125.84.

Institutional Trading of ORIX

A number of large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its position in ORIX by 1.7% during the second quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock worth $5,872,000 after purchasing an additional 858 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of ORIX by 135.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 485 shares during the period. Blue Trust Inc. raised its position in shares of ORIX by 635.3% in the second quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 1,385 shares during the period. Fifth Third Bancorp raised its position in shares of ORIX by 8.9% in the second quarter. Fifth Third Bancorp now owns 10,095 shares of the real estate investment trust’s stock valued at $1,124,000 after purchasing an additional 821 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of ORIX in the third quarter valued at approximately $4,256,000. Hedge funds and other institutional investors own 1.73% 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.